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Wednesday Nov 5 2025 11:10
1 min
Bitcoin (BTC) experienced a significant dip on Tuesday, falling below the $99,000 mark. This decline has reignited the debate surrounding the cryptocurrency's market state and whether a bear market is imminent.
According to Julio Moreno, head of research at CryptoQuant, Bitcoin's price breached the 365-day moving average (MA). He considers this a potential confirmation of a bear market's onset, emphasizing the importance of a swift recovery above this level.
The 365-day MA is a technical indicator that tracks Bitcoin's average price over the past year, helping to identify market trends. Falling below this MA is often seen as a bearish signal.
Despite the drop, some analysts believe this is merely a correction within a larger bull market, rather than the start of a prolonged bear market. They point to historical data showing a potential 40% rebound within 60 days after similar drawdowns.
Analysts are highlighting the $100,000 level as a critical line of defense. A sustained break below this level could signal a deeper shift towards a bear market. However, as long as this level holds, the possibility of a year-end rally remains.
Bitcoin's performance remains closely tied to macroeconomic events, including upcoming decisions from President Trump and the US Federal Reserve's interest rate decision in December.
Risk Warning: This article is provided for informational purposes only and does not constitute investment advice, investment research, or a recommendation to trade. The views expressed are those of the author and do not necessarily reflect the position of Markets.com. When considering shares, indices, forex (foreign exchange), and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and may not be suitable for all investors. Leveraged products can result in capital loss. Past performance is not indicative of future results. Before trading, ensure you fully understand the risks involved and consider your investment objectives and level of experience. Cryptocurrency CFD trading restrictions may apply depending on jurisdiction.
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