Bitcoin price nosedive continues. How low could it go?
Bitcoin investors are currently facing a turbulent market, as the cryptocurrency has experienced a dramatic decline throughout November. After reaching an all-time high of over $126,000 just last month, Bitcoin has plummeted below the $100,000 mark for the first time in months, and as of last Friday, it fell to approximately $80,000—its lowest point since early April. This sudden downturn has effectively erased all gains made in 2025, leaving many investors anxious about the future of their holdings. Contributing factors to this bearish trend include a lack of positive sentiment, economic uncertainties, concerns regarding potential interest rate cuts by the Federal Reserve, and significant sell-offs by long-term investors and crypto “whales.”
Analysts are increasingly warning that the current bear market may be just the beginning, with some predicting a potential “crypto winter” reminiscent of the 2018 crash, which saw Bitcoin’s value plummet by 70%. Mike McGlone, a senior commodity strategist at Bloomberg Intelligence, suggests that Bitcoin could eventually drop to around $50,000 if negative sentiments persist. Furthermore, if the broader market continues to decline, he warns that Bitcoin could even revisit 2018 levels, potentially falling to as low as $10,000. Financial analyst Clem Chambers echoed these sentiments, stating that if Bitcoin dipped into the mid-$80,000 range, a crypto winter could ensue, with prices potentially stabilizing between $40,000 and $60,000. Investment bank Standard Chartered also highlighted the precarious situation, noting that if Bitcoin falls below $90,000, many crypto treasury companies could find themselves “underwater,” leading to more significant sell-offs that would further depress Bitcoin’s value. As it stands, the $80,000 price point is critical, as it represents the average level of Bitcoin holdings in exchange-traded funds, making this a crucial threshold for investors to monitor. For Bitcoin enthusiasts, it appears that a challenging winter lies ahead, with the market poised for further volatility and uncertainty.
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
.
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.
