Bitcoin News Today: Bitcoin Bears Intensify, But Long-Term Bulls See Growth Horizon

Bitcoin Price Watch: Bitcoin Teases Breakout But Bears Aren't Blinking

Bitcoin remains trapped in a bearish technical setup as key indicators reinforce downward pressure, despite fleeting attempts at recovery. The 50-, 100-, and 200-day exponential moving averages (EMAs) all slope lower on the daily chart, with Bitcoin's price lingering well beneath these critical levels at $104,191, $107,700, and $106,570, respectively. The Moving Average Convergence Divergence (MACD) indicator stays below the signal line and deep under the zero line, with a widening negative histogram signaling intensifying bearish momentum. Meanwhile, the Relative Strength Index (RSI) at 21 -well into oversold territory- suggests stretched weakness, capping potential rebounds in the short term. A breakdown below the rising trend line from $74,561 would further validate the bearish bias, according to analysts.

The broader cryptocurrency market mirrors Bitcoin's struggles. Ethereum (ETH) trades at $2,679, far below its 50-, 100-, and 200-day EMAs at $3,610, $3,729, and $3,546, maintaining a weak short-term tone. XRP, meanwhile, remains below its descending EMAs, with the MACD and RSI also pointing to sustained selling pressure as liquidations hit $2 billion. Altcoins face similar headwinds as liquidations hit $2 billion in recent days, with sellers tightening their grip across the board.

However, long-term market fundamentals suggest resilience. The global cryptocurrency market is projected to grow from $5.82 billion in 2024 to $17.14 billion by 2033, driven by institutional adoption, regulatory clarity, and blockchain innovation. Institutional investors are increasingly allocating to digital assets, with services like crypto ETFs -now approved for Bitcoin spot trading in the U.S.- facilitating mainstream access. This influx of capital is expected to stabilize liquidity and reduce volatility over time, though short-term risks persist due to fragmented regulatory frameworks and security concerns as projected by industry analysts.

BitMine Immersion (BMNR) exemplifies this institutional shift, with its Ethereum holdings reaching 3.63 million tokens and total crypto and cash holdings valued at $11.2 billion. The company's CEO has framed the current market as a "supercycle" for Ethereum, citing asymmetric risk/reward dynamics as the downside remains limited to 5-7%. Meanwhile, Bitcoin Bancorp reported a 93% year-over-year revenue increase in Q3 2025, driven by expanded Bitcoin ATM operations and intellectual property monetization. The firm anticipates further growth in 2026 as regulatory clarity and retail adoption accelerate according to company projections.

On the geopolitical front, Thailand's Bitkub is reportedly eyeing a Hong Kong IPO to raise $200 million, citing the underperformance of local markets. The SET Index has slumped to a five-year low in 2025 amid political tensions and foreign outflows, prompting Bitkub to pivot its listing strategy. Hong Kong's regulatory push to attract crypto firms - coupled with a booming IPO market - positions it as a potential hub for digital-asset listings.

Despite these developments, bearish momentum remains entrenched in the near term. A contraction in the MACD histogram and RSI recovery above 30 could signal stabilization, but sustained buying pressure is lacking. For now, traders are advised to monitor key support levels, with Bitcoin's 200-day EMA at $106,570 serving as a critical psychological barrier.