Bitcoin price nosedive continues. How low could it go?
Bitcoin investors are facing a turbulent period as the cryptocurrency has experienced a sharp decline throughout November, with prices dropping below $100,000 for the first time in months. Just last week, Bitcoin plummeted to just above $80,000, marking its lowest value since early April and erasing all gains made in 2025. This downturn is attributed to a combination of factors, including a dip in market sentiment, economic uncertainties, and significant sell-offs by long-term investors and crypto whales. The current bear market has raised concerns that the situation could worsen, leading to another prolonged “crypto winter.”
Analysts are increasingly wary of the potential for further declines in Bitcoin’s value. Mike McGlone, a senior commodity strategist at Bloomberg Intelligence, has warned that Bitcoin could face a catastrophic drop reminiscent of the 2018 crash, where its value fell by 70%. He suggests that if negative sentiment persists and other financial markets continue to falter, Bitcoin could plunge to as low as $50,000, with the possibility of hitting 2018 lows around $10,000. Financial analyst Clem Chambers has also echoed this sentiment, indicating that if Bitcoin dips into the mid-$80,000 range, a crypto winter could ensue, potentially driving prices down to between $40,000 and $60,000.
Investment bank Standard Chartered has raised alarms that a drop below $90,000 could leave numerous crypto treasury companies in precarious positions, leading to further sell-offs and exacerbating Bitcoin’s decline. Citi analyst Alex Saunders underscored the importance of the current $80,000 level, noting it represents the average holdings of Bitcoin in exchange-traded funds. As the market grapples with these challenges, Bitcoin investors may need to brace themselves for a prolonged downturn, with many analysts predicting a challenging winter ahead for the cryptocurrency market.
There may be yet another cold crypto winter in store for Bitcoin investors.
Bitcoin has essentially been in a nosedive for the entire month of November, with the cryptocurrency
falling below $100,000
for the first time in months just last week.
On Friday, things got even worse for crypto holders as Bitcoin fell to just above $80,000, which would mark its lowest price since early April. It’s also a far cry from its all-time high of more than $126,000 from just last month. Basically, all of Bitcoin’s gains for the entirety of 2025 have just been
wiped out
.
Lackluster sentiment, concerns about the economy, concerns about the Federal Reserve cutting rates, long-term crypto investors and whales selling off significant portions of their holdings — all of these issues have combined to result in the current crypto bear market.
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But some analysts believe that this bear market is just beginning and the worst is yet to come. In fact, there’s a potential for another crypto winter over the next few months.
Mike McGlone, senior commodity strategist at Bloomberg Intelligence,
warned
that Bitcoin could be eyeing another 2018-like crash scenario, which saw Bitcoin’s value collapse by 70 percent. McGlone said he believes it could “eventually break down and head towards $50,000” in an interview this week on
Bloomberg
.Â
If the current negative sentiment continues, and if other assets such as the stock market continue to drop, McGlone said he could see Bitcoin going back down to 2018 levels of $10,000.
Earlier this week, financial analyst Clem Chambers
shared
a prediction that a crypto winter seemed likely if Bitcoin dipped into the mid-$80,000 range, which it now has. In his prognosis, Chambers says that a crypto winter could see Bitcoin fall somewhere between the $40,000 and $60,000 range.
According to investment bank Standard Chartered, Bitcoin
falling below $90,000
would likely leave half of crypto treasury companies “underwater,” which may result in even bigger selloffs. In turn, Bitcoin’s value would then drop even more. Citi analyst Alex Saunders also told Reuters that the $80,000 level, which Bitcoin is currently trading at, would be a significant level to watch to see if the cryptocurrency can hold, as that’s the “average level of bitcoin holdings in exchange-traded funds.”
So, hunker down, Bitcoin faithful — you’re likely in for a long winter.
