Bitcoin price prediction: BTC slides to 6-day low as liquidation surpasses $500 million

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Bitcoin price prediction

Highlights

Bitcoin falls to $85,600 as over $500M liquidations confirm renewed market pressure.

Rising exchange inflows and falling outflows show holders distributing into weak spot demand.

RSI signals exhaustion, yet bias stays bearish unless $83,000 support sparks reversal momentum.

After sliding from the October all-time high of $126,000 to a November low of $80,600, Bitcoin attempted a mild recovery. However, this rebound lacked conviction, repeatedly getting rejected below the 20-day EMA and failing to attract strong accumulation interest. The tightening range between $90,000 and $93,200 was a temporary pause, not a bottom formation. Today’s breakdown has invalidated that base and exposed the broader bearish trend.

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

On-chain flows support this bearish narrative. According to CoinGlass spot data, there has been a significant increase in Bitcoin exchange inflows over the past 24 hours. Such spikes typically indicate active distribution, as holders move coins to exchanges to sell. In contrast, outflows have declined, a clear sign that investors are not withdrawing assets to private wallets for holding. This imbalance reflects heightened supply in the spot market and confirms that today’s price decline was driven by actual sell orders, not speculative reshuffling.

Bitcoin RSI drop to oversold zone shows exhaustion, but broader bias remains bearish

From a technical lens, the four-hour RSI has now dipped into oversold territory, suggesting short-term exhaustion. However, the daily RSI is still positioned in bearish territory, aligning with broader on-chain metrics that favor further downside. Bitcoin’s near-term support lies at $83,000, a level backed by the longer-term rising trendline that has connected higher lows since October 2022.

If this trendline fails to hold, the path toward $80,000 opens again, potentially accelerating bearish momentum. Traders will be watching whether the spot inflow trend persists, as this will determine if today’s flush was a one-off liquidation or the start of a broader capitulation phase. Until a strong reversal signal appears, short-term pressure is expected to dominate the market.

In recent analysis, we discussed how Bitcoin rebounded 14% from its five-month low as investor sentiment improved. The Binance Fear and Greed Index climbed from 11 to 20, showing reduced market anxiety.

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