Bitcoin (BTC) price hasplunged to $89,426 today (Tuesday), November 18, 2025, marking its lowest levelsince April and wiping out all gains made since the start of the year. The world'slargest cryptocurrency has crashed 28% from its record high of $126,275 reachedin October, erasing approximately $600 billion in market capitalization. Overthe past eight trading sessions, Bitcoin declined on seven occasions, with onlyone positive day, falling from local peaks at $107,500 on November 11 tointraday lows at $89,253.In this article, I look for answers why bitcoin priceis going down today and present a BTC price prediction indicating a drop tojust $74,000. Follow me on X formore up-to-date analysis and forecasts on major cryptocurrencies and otherfinancial instruments.Why Bitcoin Price IsFalling? Death Cross Formation Accelerates DeclineTheformation of the dreaded death cross pattern has accelerated Bitcoin's descent,confirming a shift in technical momentum. This bearish signal occurs when the50-day exponential moving average (EMA) crosses below the 200-day EMA,typically indicating sustained downward pressure. "Bitcoinfell below $90,000 for the first time in seven months, influenced by factorssuch as uncertainty around potential US interest rate cuts, broader negativeequity market sentiment, and large holders reducing their positions," saidAshish Singhal, Co-founder of CoinSwitch.Mytechnical analysis shows that this death cross formation triggered the rapidachievement of thefirst target zone at $92,000-$94,000, which corresponds to the 61.8%Fibonacci retracement level and aligns with May's lows. The price broke throughthis critical support faster than anticipated, validating the bearishstructure.BTC Price CriticalTechnical LevelsThe currentprice action suggests a clear break below the $92,000-$94,000 zone, which nowacts as resistance following the principle of pole reversal. Waiting forcandlestick confirmation that this zone has become new resistance opens adirect path toward my ultimate the bearish target of $74,000-$76,000, whichaligns with the 161.8% Fibonacci extension and April's lows.Main Reasons Why BTC IsGoing Down TodayRecord ETF Outflows FuelSelling PressureBitcoinexchange-traded funds have experienced unprecedented outflows, amplifyingdownward pressure on prices. BlackRock's IBIT recorded a staggering $1.26billion in net outflows this month alone, with its assets under managementdropping from nearly $100 billion earlier in November to approximately $74billion."Last week we saw $1.1 billion in netoutflows from Bitcoin ETFs following the traditional market sell-offs. Thursday13th November marked the second-largest daily outflow since the ETFs launched,with a staggering $866 million outflow," explained Danny Scott, CEO ofCoinCorner.Key Drivers BehindBitcoin's CrashFederal Reserve hawkish stance: Fading odds of a December rate cut, with probability dropping 44 percentage points since October peakDeath cross technical breakdown: 50 EMA crossing below 200 EMA confirms bearish momentum shiftMassive institutional outflows: $1.26B from BlackRock IBIT alone, $1.2B total ETF outflows weeklyLong-term holder profit-taking: Pre-2023 buyers cashing out 200%+ gains after reaching targetsLeveraged position liquidations: $116.8M in Bitcoin liquidations over 24 hours, $95.3M from long positionsTraditional market contagion: Tech sector weakness and equity market pullback spilling into cryptoFederal Reserve PolicyPivot Pressures Risk AssetsThe FederalReserve's increasingly hawkish messaging has emerged as a primary catalystbehind Bitcoin's decline. Market expectations for a December 2025 rate cut havedeteriorated significantly, with probability dropping from previous highs asFed officials emphasize inflation concerns and liquidity controls. Theupcoming Federal Reserve minutes scheduled for Wednesday will provide crucialinsights into the central bank's December meeting plans, with traders closelymonitoring for any signals regarding monetary policy direction. Higher Treasuryyields and a strengthening dollar have increased opportunity costs for holdingnon-yielding assets like Bitcoin, compounding selling pressure acrosscryptocurrency markets.PaulHoward, Director at Wincent, offered perspective on the on-chain dynamics:"On-chain data points to sellers who have been accumulating BTC pre 2023.Those buyers are up >200%. So what we can see is when we 'zoom out', thoseholding long term are the biggest benefactors. As a liquid (risk) asset,cryptocurrencies are a forebearer to general tech risk sentiment so is thisdecline caused by broader Tech sentiment or just a hallmark of cryptovolatility?"Bitcoin Price Prediction:Path to $74K-76K Support ZoneBased on mytechnical analysis, Bitcoin's break below the critical $92,000-$94,000 supportzone has opened a clear path toward the next major support level at$74,000-$76,000. This target zone represents the 161.8% Fibonacci extension andcoincides with April 2025 lows, making it a high-probability area forsignificant buying interest."We'venow dipped below $93K, making the next market moves critical,” said JoelKruger, crypto strategist at LMAX. “However, based on the cloud structure, aconfirmed downtrend would only be established on a sustained break below $80K.History has shown us that while Bitcoin's pullbacks can be sharp, they oftenpresent compelling buying opportunities."Expert Price Predictions Comparison"Froma technical angle, both Bitcoin and ETH are becoming increasingly appealing onthis dip. Daily charts show both nearing oversold conditions and approachingkey support areas that could serve as a springboard for renewed upside,"Kruger explained.When it comes to Ethereum price, you can read my ETHprediction here, where I explain why the cryptocurrency may fall to as low as$1,370.At the$74,000-$76,000 zone, I plan to accumulate Bitcoin positions, anticipating astronger bounce and eventual return to uptrend momentum toward new all-timehighs at the transition between 2025 and 2026.Bitcoin Price Analysis, FrequentlyAsked QuestionsWhy is Bitcoin fallingtoday?Bitcoin isfalling due to multiple factors including the death cross technical formation(50 EMA crossing below 200 EMA), record $1.26 billion Bitcoin ETF outflows frominstitutions, fading Federal Reserve rate cut expectations for December,long-term holders taking profits after 200%+ gains, and broader traditionalmarket weakness spilling into cryptocurrency markets.How low can Bitcoin go?Technicalanalysis suggests Bitcoin could decline to the $74,000-$76,000 support zone,which represents the 161.8% Fibonacci extension level and aligns with April2025 lows. A sustained break below $80,000 would confirm a deeper downtrendaccording to crypto strategist Joel Kruger, while immediate support exists at$88,750-$89,500.What is Bitcoin priceprediction for 2025-2026?Pricepredictions vary widely depending on timeframe and scenario. Near-term bearishtargets range from $74,000-$88,750, while recovery scenarios forecast$93,000-$132,200 by December 2025. Longer-term bullish projections extend to$150,000-$200,000 for late 2025/early 2026, contingent on reclaiming bullishmomentum and favorable macro conditions.Is Bitcoin in a bearmarket?Yes, Bitcoinofficially entered bear market territory last week, having declined more than20% from its October peak of $126,275. The cryptocurrency is now down 28% fromthat high and has wiped out all 2025 gains, trading at levels last seen inApril. However, the typical Bitcoin bear market downturn averages -30.8%,suggesting the current drop remains within historical norms.Should I buy Bitcoin now?No.However, this is a personal decision based on individual risk tolerance andinvestment goals. Risk remain including potential further declines to$74,000-$80,000, continued ETF outflows, and macro headwinds from FederalReserve policy. Experts suggest current levels may present accumulationopportunities for long-term holders with appropriate risk management.Will Bitcoin recover?Yes. Whileshort-term volatility remains elevated, several factors support eventualrecovery: Bitcoin fundamentals remain intact with expanding merchant adoption(4 million Square merchants now accepting BTC), institutional players likeStrategy continue accumulating, oversold technical conditions often precederebounds, and historical patterns show pullbacks frequently create buyingopportunities. However, recovery timing depends on Federal Reserve policydirection, ETF flow reversal, and broader market stability.This article was written by Damian Chmiel at www.financemagnates.com.