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BiyaPay Analyst: BTC Technicals Weaken, Drops Below $100,000 Again, Next Key Support at $80,000
BlockBeats News, November 14th: Under the sharp downturn in overall sentiment, Bitcoin officially fell below $100,000 on Thursday, hitting a low of $98,000, a drop of over 20% from the peak of $125,000, re-entering a technical bear market territory. BiyaPay analysts pointed out that this round of correction was jointly triggered by "Fed rate cut expectations cooling + tech stock sell-off + weak ETF inflows," causing the core support to weaken and the market sentiment to continue deteriorating.
In the derivatives market, the trading volume of protective put options in the $90,000 to $95,000 range has surged, with institutions positioning for a deeper pullback risk. Analysts believe that the next key support for Bitcoin lies in the $80,000 to $85,000 range, and a break below this level will open up further downside potential.
For BiyaPay users, when uncertainty is just dissipating and the market is entering an emotional recovery phase, utilizing USDT to trade U.S. stocks, Hong Kong stocks, futures, and commission-free cryptocurrency spot contract trading can provide a more flexible approach to seize rebound opportunities as liquidity returns, achieving efficient allocation in a multi-market interconnected environment.
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