{"id":113072,"date":"2025-11-14T06:56:47","date_gmt":"2025-11-14T06:56:47","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=113072"},"modified":"2025-11-14T06:56:47","modified_gmt":"2025-11-14T06:56:47","slug":"bitcoin-price-tanks-below-97k-as-analyst-warns-the-worst-is-yet-to-come","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=113072","title":{"rendered":"Bitcoin Price Tanks Below $97K as Analyst Warns the Worst Is Yet to Come"},"content":{"rendered":"

Despite the positive developments on a macro front, such as the US government reopening, BTC\u2019s quite unfavorable price actions continued in the past 12 hours or so as the asset plunged to a new multi-month low.<\/p>\n

The cryptocurrency stood above $107,000 just three days ago after Trump promised<\/a> to send tariff checks of at least $2,000 to some Americans and hinted that the government shutdown might end soon. However, bitcoin failed to capitalize on this momentum and quickly dipped back to $103,000.<\/p>\n

Nevertheless, it rebounded to $105,000 on Wednesday before the bears took complete control of the market, especially on Thursday. The POTUS signed<\/a> legislation to reopen the government, which was first followed by an immediate bounce, but the landscape changed for the worse shortly after.<\/p>\n

In less than a day, bitcoin dumped<\/a> by more than eight grand and currently struggles below $97,000, which is the lowest it has been since early May.<\/p>\n

Doctor Profit, who has been bearish on the asset for weeks, believes the worst is yet to come by predicting another nosedive to somewhere around $90,000 and $94,000.<\/p>\n

#Bitcoin<\/a>: First promised target of 90-94k region is about to be hit. Important to note that I wont take any profits from the short at 90-94k region! https:\/\/t.co\/p6qQqxsaor<\/a> pic.twitter.com\/Rhamwixvct<\/a><\/p>\n

\u2014 Doctor Profit (@DrProfitCrypto) November 14, 2025<\/a><\/p>\n\n

The altcoins have followed suit with multiple double-digit price declines. AAVE, ENA, RENDER, SUI, PEPE, and LINK are also down by more than 12%. Even the largest of the bunch has plunged by over 11% and now struggles well below $3,200.<\/p>\n

The total value of wrecked positions has skyrocketed to almost $1.1 billion on a daily basis. The single-largest liquidated position, according to CoinGlass, took place on HTX and was worth a whopping $44.29 million. The number of wrecked traders is above 240,000.<\/p>\n

Naturally, longs represent the lion\u2019s share, with $966 million. Short liquidations are worth $124 million as of press time.<\/p>\n

<\/a>Liquidations on CoinGlass<\/p>\n

The post Bitcoin Price Tanks Below $97K as Analyst Warns the Worst Is Yet to Come<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Despite the positive developments on a macro front, such as the US government reopening, BTC\u2019s quite unfavorable price actions continued in the past 12 hours or so as the asset plunged to a new multi-month low. The cryptocurrency stood above $107,000 just three days ago after Trump promised to send tariff checks of at least […]<\/p>\n","protected":false},"author":0,"featured_media":113073,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-113072","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/113072"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=113072"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/113072\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/113073"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=113072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=113072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=113072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}