BTC is down by over 4 grand since its aid rally just a few days in the past.
The bears are again on the town, and BTC has dropped under $100,000 for the second time this week as the general market sentiment stays extremely bearish.
This has prompted even a few of the most optimistic analysts to alter their tune on bitcoin, together with Merlijn The Dealer, who outlined an important warning signal that has led to quite a few rejections prior to now and even the beginning of a subsequent bear market.
IT’S OVER FOR BITCOIN. SEE YOU ALL IN 4 YEARS.
Identical line. Identical rejection.
Each cycle appears unstoppable… till this line kills the momentum.This isn’t a breakdown but.
However historical past says: respect the road.Break this, or break down. No in-between. pic.twitter.com/F9S3YV85zf
— Merlijn The Dealer (@MerlijnTrader) November 7, 2025
His warning comes as BTC was stopped at simply over $104,000 on Wednesday and pushed south to $100,500 yesterday. The asset managed to stay inside a six-digit worth territory on Thursday, nevertheless it gave in minutes in the past and dipped to $99,700 (on Bitstamp).
That is the second such decline under the coveted $100,000 line this week after the Tuesday crash that pushed it to a five-month low of $99,000. Altcoin Sherpa weighed in on the matter as effectively, suggesting that if the $100,000 help fails to carry, the cryptocurrency may in all probability go to [the] low $90ks minimium.”
Naturally, the altcoins have adopted go well with with notable worth declines. Ethereum is down by over 5% prior to now day and is near breaking under $3,200 as soon as once more. XRP has plunged beneath the $2.20 help after an identical day by day drop. SOL, WBT, and HYPE have skilled equivalent corrections.
These unstable worth strikes have harmed over-leveraged merchants as soon as once more. Greater than 220,000 such market individuals have been wrecked prior to now day, with the whole worth of liquidations rising to virtually $700 million. The only-largest befell on Hyperliquid and was value over $15 million.
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