Bitcoin’s Critical Juncture: Analysts Pinpoint Two Key Support Levels Amid Market Turbulence
As Bitcoin's price volatility intensifies, plunging below $97,000 and triggering massive liquidations, the cryptocurrency community is gripped by a single question: How low can it go? In this climate of uncertainty, prominent analysts are mapping out the potential floor for Bitcoin's value, identifying specific technical levels that could determine its near-term trajectory. This analysis delves into the key support zones that market experts believe are crucial for Bitcoin's stability, offering insights into the factors driving the current sell-off and what investors should watch as the digital asset navigates this turbulent phase. The identification of these levels provides a framework for understanding both the risks and potential opportunities in the evolving market landscape.
How Low Can Bitcoin Price Go? Analysts Point to Two Key Levels
Bitcoin's price has once again dipped below the $97,000 mark, sparking renewed anxiety in the market. Over $1.1 billion in long positions were liquidated within a 24-hour window, marking the third such decline this month. The pressing question now is just how far the cryptocurrency could fall.
Crypto analyst Axel Adler Jr. has identified two critical support levels that could dictate Bitcoin's next major move. The first, at $87,000, is derived from a conservative valuation model with a 95% back-testing accuracy. This model, based solely on on-chain activity, explains 87% of Bitcoin's price behavior, lending credibility to the $87K level as a strong support zone.
The second and more concerning level sits at $74,000, dubbed the 'panic level.' A breach here could trigger a deeper market correction, exacerbating current bearish sentiment. Investors are closely watching these thresholds as Bitcoin's volatility continues to unsettle the market.
Bitcoin Nears $97,000 as Analyst Revisits 2022 Buy Zone Call
Bitcoin has dipped to a six-month low, trading at $97,242 after recent volatility saw the cryptocurrency swing between $97K and $111K. crypto analyst Income Sharks has reexamined a 2022 sub-$20K buy zone chart, sparking debate over whether the current price presents an optimal entry point.
The market remains turbulent, with traders closely watching key support levels. Bitcoin's recent pullback follows a period of relative strength, leaving investors questioning whether this is a temporary correction or the start of a broader downturn.
MicroStrategy's Bitcoin Holdings Face No Liquidation Risk Despite Market Rumors
Recent speculation about Michael Saylor's MicroStrategy facing Bitcoin liquidation pressures has been debunked. The company holds its BTC outright, insulating it from forced sales even as prices fluctuate. Market chatter erupted after an X analyst suggested a $75,000 BTC price could trigger liquidation, but MicroStrategy's debt structure—not Bitcoin volatility—remains the focal point for financial scrutiny.
MicroStrategy's Bitcoin treasury remains profitable despite the cryptocurrency's slide below $100,000. The firm's unwavering commitment to its Bitcoin strategy continues to anchor investor confidence, with its holdings still in the green after the 2025 pullback. This resilience underscores the difference between leveraged positions and outright ownership in crypto market dynamics.
Bitfarms Pivots from Bitcoin Mining to AI Infrastructure, Stock Plummets 17%
Bitfarms Ltd. (BITF) shares tumbled 17% to $2.60 as the company announced a radical strategic shift away from Bitcoin mining. The Washington-based facility, previously dedicated to crypto mining, will now serve as the cornerstone of Bitfarms' new high-performance computing (HPC) ambitions.
A $128 million deal with an unnamed U.S. infrastructure provider will fund the conversion of the 18-megawatt site. The upgraded facility will feature liquid-cooled racks capable of handling 190kW workloads, specifically designed for AI applications. This MOVE reflects growing industry pressure as mining profitability declines and AI infrastructure demand surges.
The abrupt transition comes amid mounting losses in Bitfarms' mining operations. Company leadership appears willing to absorb short-term pain for what they view as a more sustainable future in AI compute services. Market reaction suggests skepticism about the pivot's timing and execution risks.
SEC Resumes Crypto ETF Approvals with New Guidance After Shutdown
The U.S. Securities and Exchange Commission (SEC) has issued fresh guidance for crypto ETFs following the end of the government shutdown. Issuers no longer need delaying amendments if their registration statements include specific language under Rule 473(b). Effective dates for compliant filings will now trigger automatically after 20 days.
Major pending ETF applications, including BlackRock's bitcoin Premium Income ETF, are part of a backlog the SEC aims to clear. Accelerated approval pathways remain available for issuers awaiting review—a critical development for institutional crypto adoption.
Over 900 registration statements piled up during the 35-day shutdown. The SEC's November 13 guidance emphasizes material accuracy requirements, creating clearer operational parameters for crypto investment products entering mainstream markets.
Fact Check: UAE Bitcoin Ban Claims Debunked as Regulatory Misinterpretation
Rumors of a sweeping Bitcoin ban in the United Arab Emirates have been dispelled as a misreading of new financial regulations. The controversy originated from a social media post by Mikko Ohtamaa, co-founder of a trading protocol, who claimed the UAE's new central bank law criminalized self-custody wallets and unlicensed crypto tools.
Dubai's crypto community reacted with alarm to Ohtamaa's assertion that the law WOULD prohibit non-central bank-approved Bitcoin operations starting September 2025. However, regulatory experts have clarified these claims exaggerate the legislation's scope, which focuses on licensing requirements rather than outright prohibition.
The incident highlights the cryptocurrency sector's hypersensitivity to regulatory developments in major markets like the UAE, where Dubai has positioned itself as a global crypto hub. Market observers note such misinterpretations can create unnecessary volatility, particularly for major coins like BTC and ETH that dominate UAE trading volumes.
