Bitcoin Falls Below $90,000 After Seven Months: Will Further Declines Follow?

Bitcoin slipped below the $90,000 mark on November 18, 2025 for the first time in seven months, extending the weak dip that seen in recent sessions. The latest drop has added to the broader cautious sentiment across the crypto market with major tokens coming under pressure.

Bitcoin Dips to Seven-Month Low

Bitcoin slipped below the $90,000 mark on Tuesday, touching $89,945, its lowest level in nearly seven months. The last time the world’s largest cryptocurrency hovered around similar levels was in April 2025. The latest decline also marks a weekly drop of more than 14 per cent, adding to the broader weakness seen across the crypto market.

Ethereum also extended its decline, slipping to $2,979.28, down 6.55 per cent its lowest level in over four months since July 2025. The token has dropped 15.98 per cent over the past week, reflecting broader market weakness.

Solana fell to $135.51, down 3.86 per cent after briefly touching a two-month low of $129 on Monday. XRP dropped to $2.13, losing 5.12 per cent in the past 24 hours and 13.26 per cent over the week. Avalanche slid to $14.39, down 7.96 per cent on a daily basis and nearly 18.82 per cent over the last seven days, adding to the overall bearish sentiment across major altcoins.

What Triggered the Recent Dip in Cryptocurrencies

The recent dip in Bitcoin has been driven by a combination of market movements and broader economic factors.

Ashish Singhal, co-founder, CoinSwitch said, “Bitcoin’s fall below $90,000 has been driven by multiple factors, including uncertainty over potential US interest rate cuts, weak global equity markets, and large holders reducing their positions. These elements have contributed to short-term volatility in the crypto market, while some participants may see the pullback as a chance to accumulate at lower levels.”

Paras Malhotra senior vice president, trade, custody and BizOps at CoinDCX said the dip reflects a sharp rise in market fear, triggering intensified sell-offs and driving investors toward traditional safe-haven assets like gold and silver.

“The recent shift in market sentiment has pushed Bitcoin and other major altcoins to support levels seen earlier this year. Indicators, such as the bearish flip in Bitcoin futures show that traders are becoming more cautious. However, the broader market structure suggests this is more of a sentiment-driven pullback than the start of a prolonged bearish trend.”

Will Bitcoin Extend Its Recent Decline

Sathvik Vishwanath of Unocoin said that if Bitcoin fails to hold the $90,000 level, attention could shift towards the $75,000 mark. However, long-term market structures remain intact, and historical deep corrections have often reset leverage ahead of major rebounds.

Paras said, “Institutional accumulation, including another $100 million Bitcoin purchase by Strategy, is providing a stabilising undercurrent. Traders should monitor key support levels around $89,000 and $87,500 to see if the correction deepens this month.”

Riya Sehgal, research analyst at Delta Exchange, said that technically, Bitcoin is testing the $89,000-91,000 support zone, which could trigger a short-term bounce if defended. Ethereum is also facing similar pressure near $2,950, its last major demand zone before a potential slide toward $2,800, she added.