Bitcoin Breaks Key Support Level, Mirroring Bearish Trend in MicroStrategy
As of November 17, 2025, Bitcoin's price hovered around $95,259.13 after breaking below the 50-week simple moving average (SMA), marking a significant shift in the market. This breach ended the previously reliable bounce-zone pattern that had supported the cryptocurrency since early 2023, with the 50-week SMA now acting as resistance near $102,868.
The price decline was notable over the prior week, as Bitcoin fell nearly 10% by November 16. Analysts point out that a sustained bullish trend would require Bitcoin to close weekly above approximately $102,868.
This recent breakdown resembles the bearish developments seen in MicroStrategy's (MSTR) stock, which also fell below its 50-week SMA in September and declined to $200, hitting its lowest level since October 2024.
The move invalidates a major demand zone for both Bitcoin and MSTR, signaling increased caution among investors and the potential for an extended sell-off in the near term.
