Bitcoin News Update: Crypto Downturn Intensifies as Technical Indicators and Economic Factors Combine Against Bullish Sentiment

Bitget-RWA2025/11/26 16:40

By: Bitget-RWA

- Bitcoin faces bearish pressure with MACD sell signals and price below key EMAs, risking a 10% drop to $83,111 if support fails. - Ethereum's death cross pattern and XRP's weak technical structure highlight vulnerability near $3,000 and $2.00 support levels. - Macroeconomic uncertainty over Fed rate cuts and ETF outflows amplify downward pressure on crypto markets. - Bitcoin ETFs show fragile recovery with $74M inflow, while Ethereum ETFs face sustained outflows and bearish sentiment. - Speculative intere

Bitcoin continues to encounter strong downward pressure as both technical signals and market conditions point toward additional declines, recent reports suggest. The digital asset, which has been trading close to $92,000, could see a drop of 10% to $83,111 if selling activity surpasses buying interest, with the Moving Average Convergence Divergence (MACD) indicator

signaling a sell trend since November 3

. At the same time,

Ethereum

and

XRP

are holding onto crucial support levels at $3,000 and $2.00, but their technical outlooks remain fragile, as both are trading beneath important moving averages and

their RSI values are nearing oversold conditions

The latest activity in crypto Exchange-Traded Funds (ETFs) highlights the market's fragile sentiment.

Bitcoin

ETFs recorded modest inflows of $74 million on Wednesday, marking a rare positive after five consecutive days of outflows, but

total assets have fallen to $122.29 billion

from $170 billion since October 6. In comparison, Ethereum ETFs have seen ongoing withdrawals, with $37 million leaving on Wednesday alone,

casting doubt on a sustained move above $3,000

. The derivatives market for XRP remains muted, with Open Interest (OI) averaging $3.79 billion—a decrease from $3.85 billion the day before,

underscoring the token's vulnerability to further losses

if risk-averse sentiment continues.

Technical failures are adding to the negative outlook. Bitcoin is trading well below its 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs),

creating a weakening trendline

that could drive prices under $80,000 if the $83,000 support does not hold. Ethereum's Death Cross—where the 50-day EMA moves below the 200-day EMA—

strengthens the bearish perspective

, with the RSI close to oversold and a possible decline to $2,632 on the horizon. XRP, trading under its 50-day EMA at $2.38,

is facing major resistance at $2.52

, and a break below the $2.07–$2.10 support range could prompt a test of $1.90.

Broader economic factors are intensifying the downward trend. Uncertainty over the Federal Reserve’s rate decision in December has reduced risk appetite, with the CME FedWatch Tool showing just an 81% chance of a 25-basis-point cut. This caution has led to a wider sell-off in risk assets, including cryptocurrencies,

as investors prepare for an extended period of high interest rates

. On-chain data also shows significant ETF outflows and increased deposits to exchanges,

with Binance’s BTC holdings rising above 580,000 coins

as large holders and long-term investors reduce their positions.

Looking forward, the outlook for Bitcoin and other major cryptocurrencies remains uncertain. A daily close above $92,000 could offer temporary relief, but ongoing institutional risk reduction and technical weaknesses point to further consolidation below $90,000. For Ethereum and XRP, defending key support levels is essential to prevent deeper losses, while greater macroeconomic certainty and renewed ETF inflows will be vital for a lasting recovery.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Bitcoin News Update: Crypto Downturn Intensifies as Technical Indicators and Economic Factors Combine Against Bullish Sentiment

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