Bitcoin price prediction: BTC sentiment turns fearful after heavy long liquidations

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Sholanke Dele

12.11.2025

Bitcoin price prediction: BTC sentiment turns fearful after heavy long liquidations — Bitcoin plunged 4.7%

Bitcoin price came under heavy selling pressure on Tuesday after failing to break above the 20-day EMA resistance near $107,500. The cryptocurrency had been recovering steadily since November 5 from a low of $99,000 and recorded two consecutive days of gains before Tuesday’s sharp reversal. During Tuesday’s Asian session, Bitcoin reached an intraday high of $107,550, but that move quickly faded as sellers stepped in at the critical resistance level.

- Bitcoin plunged 4.7% after rejection near $107,500 resistance.

- Over $90 million in long liquidations reflected traders’ failed breakout attempts.

- Bitcoin remains below 20, 50, and 100 EMAs, confirming short-term bearish momentum.

The selloff dragged Bitcoin down by 4.7% to a low of $102,500. This sharp move created a bearish order block on the daily chart and shifted the week-to-date performance into negative territory. The breakdown also coincided with worsening market sentiment. The global Bitcoin Fear and Greed Index dropped to 26 from 31, reflecting a broader shift toward fear as traders reacted to the sudden loss of momentum.

Bitcoin price dynamics (June - Nov 2025). Source: Tradingview

Technical conditions also deteriorated as the 4-hour RSI slipped into bearish territory, confirming weakening short-term momentum. The price drop triggered heavy liquidations across derivatives markets, where bullish traders who had been accumulating since the November rebound were forced to close positions. On-chain data showed over $90 million in long liquidations during Tuesday’s session, mostly from traders attempting to buy the breakout above $108,000.

Bitcoin short-term outlook remains weak unless $105,000–$106,000 area is reclaimed

Despite the sharp drop, derivatives metrics suggest mixed positioning rather than broad capitulation. The long-to-short ratio still edged higher, indicating that some traders maintained their bullish bias, while open interest held steady near $32 million. This suggests that while short-term sentiment has cooled, speculative activity remains active, and market participants are waiting for clearer direction before establishing new positions.

On Wednesday, November 12, Bitcoin attempted to recover modestly, though buying interest stayed weak. During the European session, the price gained 0.85%, but low trading volume suggests limited conviction behind the move. The 4-hour and 1-hour charts show Bitcoin trading below its key 20, 50, and 100 EMAs, confirming a short-term bearish alignment.

Technically, the 20 and 50 EMAs on the 4-hour chart near $104,500 have now turned into resistance, while RSI readings below 50 on the 4-hour timeframe and near 40 on the daily chart indicate that both short- and medium-term momentum are still tilted to the downside. Unless Bitcoin reclaims the $105,000–$106,000 area decisively, the week-to-date trend could weaken further and expose the $100,000 psychological level as the next potential downside target.

We discussed how Bitcoin rallied $2,000 to $107,500 after the Senate passed the government reopening bill. Price met resistance at the 20-day EMA and reversed lower into the European session.

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