As of November 12, 2025, the price of Bitcoin (BTC) is approximately $104,500 It is currently down about 17% from its all-time high of around $126,200, which was reached on October 6, 2025.
For a clearer overview, here are the key market details:
Metric Value
Current Price ~ $104,500
24h Change ~ -0.42% to -0.60%
All-Time High (ATH) ~ $126,200 (Oct 6, 2025)
Drawdown from ATH ~ -17%
Market Cap ~ $2.08 Trillion
24h Trading Volume ~ $62 Billion
📉 Context of the Recent Price Decline
The drop in price from its October high is part of a broader market trend. Here are some of the key factors contributing to the decline, according to analysts:
· Federal Reserve's Cautious Stance: The main trigger for the recent slide appears to be the U.S. Federal Reserve signaling a more cautious approach to future interest rate cuts than the market expected. This has dampened optimism across risk assets, including cryptocurrencies.
· Selling by Long-Term Holders: The downward momentum has been intensified by long-term Bitcoin investors taking profits. Data indicates that over 100,000 BTC were sold by this group in October.
· Weak U.S. Investor Sentiment: The price premium for Bitcoin on U.S.-based exchanges like Coinbase turned negative, suggesting reduced buying interest and increased selling pressure from U.S. retail investors.
· Outflows from ETFs: Institutional interest has also wavered, with significant amounts of capital being withdrawn from U.S. Bitcoin spot ETFs.
🔭 Market Outlook and Key Levels
Analysts are watching specific price levels that could determine Bitcoin's next major move:
· Key Resistance: The $113,000 level is a crucial hurdle. A sustained break above it could invalidate the current bearish outlook and open the door for a short-term rebound.
· Key Support: If the price fails to hold above $113,000**, some analysts warn of a potential further decline toward the **$88,000 level, which has historically acted as strong support.
