Why is Bitcoin falling? BTC prices fall to their lowest level since November

The Bitcoin price briefly bottomed out and rebounded on Friday, January 10, and stopped falling at the local support level, ending the three-day decline, but failed to break through the psychological threshold of $100,000.

From technical perspective, the price fell below the 50-day index moving average, which caused market concerns. However, the current price level is consistent with the local lows formed during the consolidation phase since mid-November.

Apart from Bitcoin, other major cryptocurrencies have also seen declines, as are XRP and Cardano.

As of press time, the price of Bitcoin rebounded to $94,300.

Let's analyze the recent decline in Bitcoin and other cryptocurrencies.

Reasons for the decline in Bitcoin price: BTC fell to its lowest point since November

Market and Economic Factors

The U.S. economic data is stronger than expected, especially the service industry and employment market data, which is the main catalyst for the decline. Strong economic performance lowered market expectations of the Fed's sharp rate cut in 2025, causing Treasury yields to soar and the dollar to strengthen.

The market reacted violently, with cryptocurrencies totaling more than $390 million cleared in the past 24 hours, of which about $54 million came from Bitcoin positions.

Government and regulatory factors

The U.S. government plans to liquidate 69,370 bitcoins seized from the Silk Road market, exacerbating the pressure on selling. The plan to be sold through the U.S. Marshals Department, increasing market uncertainty. In addition, institutional sentiment is sluggish, ETFs are outflowing, and confidence in major investors is declining.

Bitcoin Technical Analysis and Market Outlook

Technically, the price of Bitcoin is currently taking advantage of the lower edge of the consolidation range formed since mid-November. Despite falling below the previously mentioned 50-day moving average, this should not overly worry bulls and buyers. As long as the horizontal range between the $91,000 support and the nearly $108,000 resistance remains unchanged, the bears may be on the wait-and-see side.

In addition, I think that even if the structure of the purple highlighted area in the current chart breaks down, it may offer an opportunity to buy Bitcoin at a lower price. The next technical support level is about $80,500, corresponding to the local high in mid-November. Another support level is slightly below $73,000, corresponding to the October peak. In my opinion, only breaking below this level means that shorts dominate.

The final support is near $60,000, corresponding to the low three months ago, which distinguishes the long and bear forces. I think any volatility above these levels is a healthy adjustment in the long-term uptrend.

As for the currently visible resistance level, the Bitcoin chart shows that in addition to the upper edge of the consolidation range, key levels include just below $100,000 (corresponding to the peak in the second half of November) and $102,700 (corresponding to the recent highs set at the beginning of this year).

Bitcoin price support and resistance levels

类型	区域/价位	说明
支持	,000	当前盘整区间下沿
支持	,500	11月中旬的局部高点
支持	,000	10月份的峰值
支持	,000	三个月前的低点，区分多空力量
阻力	0,000	11月下半月的峰值
阻力	2,700	今年年初创下的高点
阻力	8,000	当前盘整区间上沿

Bitcoin price forecast: future outlook

Despite the current economic downturn, many analysts are optimistic about Bitcoin’s long-term forecasts. Standard Chartered predicts that the price target is $200,000 by the end of 2025, while other well-known analysts are expected to be valued between $150,000 and $250,000.

These optimistic forecasts are based on a variety of factors, such as increased institutional adoption rates, the impact of Bitcoin ETFs, and possible crypto-friendly policies by governments in the future.

The following is a summary of recent Bitcoin price forecasts by analysts and institutions:

来源	预测价格	时间表	说明
H.C. Wainwright	5,000	2025年底	预计到2025年底，比特币将达到22.5万美元，这将是一个巨大的牛市。
渣打银行	0,000	2025年	预计比特币在2025年将达到20万美元，这得益于机构采用率的提高。
Fundstrat Global Advisors	0,000	2025年	分析师Tom Lee预测，比特币将在2025年达到25万美元，理由是有利的市场条件。
Chamath Palihapitiya	0,000	2025年10月	风险投资家表示，到2025年10月，比特币可能达到50万美元，到2040年可能达到100万美元。
PlanB（Stock-to-Flow模型）	0,000	2025年	根据S2F模型预测，到2024年底，比特币可能达到15万美元，到2025年可能达到80万美元。
CoinLore	2,000	2025年	预计到2025年，比特币将达到221485美元，到2030年可能会上涨到369701美元。
Finder Panel	3,300	2025年底	加密货币行业专家的平均预测，预计比特币到2025年底将达到113364美元。
Changelly	5,000	2025年	分析师预测，2025年比特币的最高价格为114857美元，平均价格约为96455美元。
BeInCrypto	9,300	2025年	考虑到历史价格模式和市场周期，预计比特币在2025年将达到189313美元的高点。
MarketWatch	0,000	2025年	根据历史趋势和减半后的反弹，比特币在2025年可能会达到15万美元。

The current focus of the market is still on whether Bitcoin can stabilize and regain the motivation to achieve psychological levels of more than $100,000. Although short-term volatility persists, historical patterns show that such pullbacks tend to precede a large rebound, especially in the context of the four-year Bitcoin cycle.

Frequently Asked Questions on Bitcoin Price

Will Bitcoin collapse?

Although Bitcoin has fallen sharply recently, falling to about $91,200, analysts believe it is a healthy pullback, not a crash. Key support levels remain the same, with $91,000 and $80,500 providing potential support. A break below $73,000 or $60,000 may indicate a more bearish trend, but that is not currently expected.

Will Bitcoin rebound?

Bitcoin has rebounded slightly from local lows to $94,300. Long-term forecasts remain optimistic, with analysts predicting prices in 2025 will be between $150,000 and $250,000. Factors such as institutional adoption and the impact of Bitcoin ETFs are expected to drive future growth.

Why is Bitcoin falling?

Bitcoin's recent decline is attributed to stronger-than-expected U.S. economic data, which lowers expectations of the Federal Reserve's interest rate cut. This strengthens the dollar and increases Treasury yields, creating a challenging environment for cryptocurrencies. In addition, the U.S. government's plan to sell seized bitcoin and weak institutional sentiment have exacerbated the pressure on selling.

What is the current value of Bitcoin?

As of press time, Bitcoin trading price was around $94,300, rebounding from its recent low of $91,200. It is still below the psychological threshold of $100,000, but is in the consolidation range of $91,000 to $108,000.

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