Bitcoin latest news: sideways action likely — support holds near $92,000 despite ongoing selling

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Bitcoin slips 0.48% today near $101k

Highlights

Bitcoin trades at $101,915.60, firmly below the 20-day, 50-day, and 200-day moving averages, signaling persistent downward momentum across timeframes.
Solana ETF-focused funds attracted over $545 million in net inflows while Bitcoin-related products saw outflows, reflecting a shift in investor interest.
Technical indicators confirm a bearish bias with oversold conditions, projecting Bitcoin's weekly range between $92,141.55 and $102,199.71, and sub-20% odds of a sustained rebound.

Solana ETF inflows accelerate as Bitcoin funds see outflows

Recent fund flows indicate a shift in investor interest away from Bitcoin, as funds focused on Solana ETFs have drawn more than $545 million in net inflows while Bitcoin-related products experienced outflows. No other direct company events or corporate actions specifically related to Bitcoin have been reported in this update.

Bearish confirmation amid oversold signals and persistent resistance

Technically, Bitcoin continues to face downside pressure as it trades below the 20-day ($108,420.18), 50-day ($112,241.11), and 200-day ($110,215.90) moving averages. Dynamic resistance is found at the Ichimoku Kijun level ($107,672.18), with no significant golden or death cross signals present. Momentum indicators confirm a bearish tone, as the daily MACD, ADX, and Awesome Oscillator point to ongoing selling, while CCI and BBP are oversold. RSI stays below 40 and the Stoch RSI is neutral, but rising oversold conditions in several oscillators signal that selling may soon abate, resulting in mild divergence.

Rangebound action expected as upside probability remains low

For the week ahead, Bitcoin is expected to trade within a range of $92,141.55 to $102,199.71. Given the current weekly setup — weak RSI, neutral ADX, strong buy MACD signal, and mixed moving averages — the probability of a sustained move higher remains below 20%. The base scenario anticipates continued sideways action between support at $92,000 and resistance at $102,200. A breakout above resistance could target $107,500 – $108,500, while a decisive drop below $101,400 would likely lead to further losses toward $92,000.

Anton Kharitonov, analyst at Traders Union, sees continued downside pressure on Bitcoin as technical signals remain bearish and price trades below major moving averages. He notes that outflows from Bitcoin funds and rotation into Solana ETFs signal weakening investor sentiment. Kharitonov believes the base scenario is for Bitcoin to move sideways between $92,141.55 and $102,199.71, with little sign of a sustained recovery unless key resistance is convincingly surpassed. "Until Bitcoin breaks above $102,200 with renewed momentum, the probability of a meaningful upside move remains low and rallies should be treated with skepticism."

Previously it was noted that JPMorgan holds 1,974,144 shares of BitMine Immersion Technologies, valued at approximately $102 million. In addition, the company decided to follow a MicroStrategy-style strategy for Ethereum, as indicated in its Q3 earnings report published last month.

Source of Data: BTC Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.