Bitcoin (BTC) starts a new week with the bull market at stake as BTC price predictions diverge wildly.
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Bitcoin traders are stuck between hope and capitulation as BTC/USD returns to its yearly open level.
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Price eyes a key “magnet” in the form of an old CME futures gap left over from April.
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The loss of a key trend line ushers in comparisons to historical bear markets, with a support reclaim far off.
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Bitcoin is looking more like a “leveraged tech stock” as its gold correlation disappears.
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Crypto sentiment sets joint 2025 lows, deep within “extreme fear.”
BTC price roundtrips 2025 gains
Bitcoin fell back to its yearly open level into Sunday’s weekly close, dipping under $93,000, per data from Cointelegraph Markets Pro and TradingView.
Reactions from traders were highly mixed, with plainly bearish prognoses mixing with hopes of a snap market rebound.
$BTC 1M
It’s cooked.
76k is next. pic.twitter.com/Wm7G1jmAah
— Roman (@Roman_Trading) November 16, 2025
“Binance whales have placed big buy orders between $88,500-$92,000 level,” trader BitBull warned in his latest exchange order-book analysis on X.
“I know a lot of people are calling for a local bottom, but $BTC could sweep the $88K-$90K zone.”
Data from monitoring resource CoinGlass showed price being held up by a line of bid liquidity overnight, with overall liquidity conditions preparing for the next breakout attempt.
Commenting, crypto trader, analyst and entrepreneur Michaël van de Poppe saw liquidity forming a key ingredient on future price action.
“Ideally, I want to see a fast move back up on $BTC is what I’d prefer to see,” he told X followers on the day.
“We swept the low over the weekend, which means that I’d want to see a higher low being created here. If that happens, then there’s trillions and trillions of short liquidity ready to be taken out.”
Continuing the more hopeful tone, trader Crypto Tony expressed admiration at the rebound on BTC/USD following the local lows.
Very nice recovery last night. I was stopped out of my short in profit. Now i am now looking for shorts up at key levels. $106,000 – $108,000 look attrative pic.twitter.com/Tt13cyyPoT
— Crypto Tony (@CryptoTony__) November 17, 2025
“The next key level for Bitcoin to reclaim is $98,000 as it’ll increase the chances of a local bottom,” crypto investor and entrepreneur Ted Pillows added.
CME futures gap just out of reach
A major short-term BTC price target for market participants is now tantalizingly close.
The “gap” in CME Group’s Bitcoin futures market, originally generated in April, lies just below the current local lows.
From around $91,800 to $92,700, the gap has been on the radar ever since BTC/USD began retreating from current all-time highs in mid-October.
The weekly close brought Bitcoin within spitting distance of closing it, but at the time of writing, it remains unfilled.
“There’s a clear CME gap sitting at $91.9K–$92.5K and you already know how this game works,” trader Hardy told X followers in a post on the topic.
“Whales want their orders filled before the next leg. Expect the dip, embrace the volatility and get ready for the bounce once that gap is taken. Textbook move loading.”
Hardy referred to the market’s habit of “filling” futures gaps, which form over weekends and have historically acted as short-term magnets for price. The April gap is something of an anomaly, remaining untouched for over half a year.
“The 92k region also coincides with an unfilled CME gap, increasing the odds of a short-term technical bounce if tested,” trading resource QCP Capital continued in its latest “Asia Color” market update on the day.
“Yet, as seen over the past few weeks, dense overhead supply could limit the strength of any rebound.”
Major trend line breakdown fuels bear-market woes
The CME gap, however, is far from the only key level concerning traders this week.
In a rare divergence, BTC/USD has now given up its 50-week simple moving average (SMA) as support.
The latest weekly candle close left price far below the 50-week SMA, which currently sits at around $102,850.
The phenomenon did not go unnoticed, with X trading account The Swing Trader stressing the unusual nature of the price’s treatment of what is normally a solid support line.
“And this is very important because Bitcoin has never lost the 50-week MA and still been in a bull cycle,” it said in video analysis.
BTC price has only lost the 50-week trend line four times in its history, reinforcing the move as one typically associated with bear markets. No weekly candles have…
cointelegraph.com