Bitcoin Falls To $98,000, Key Level Tested

Bitcoin’s price dropped to $98,000 on Friday, November 14, 2025, marking its lowest point since June 2025. The cryptocurrency has declined approximately 3.5% over the past week, failing to recover from previous losses.

Market data indicates that long-term holders have sold over 815,000 BTC in the last 30 days, adding pressure on dwindling liquidity. The descent to the $98,000 area represents a significant test for the digital asset.

Liquidity maps for BTC reveal an imbalance between support and resistance levels. Trader Daan Crypto highlighted a large liquidity cluster below the $98,000–$100,000 range, aligned with a thin higher low pattern. He pointed to resistance levels at $108,000 and $112,000, with only the $108,000 level currently considered relevant.

Trader Byzantine General shared a similar view, noting that BTC’s movements suggest a tendency to “sweep the low area around $98,000.” Data from CoinGlass shows nearly $1.3 billion in long leverage liquidity accumulating around the $98,000 level, significantly higher than at the beginning of the week.

Bitcoin has repeatedly tested the $102,000–$100,000 support zone since May 2025. These repeated tests often signal weakening market structure, eroding buyer confidence and increasing the likelihood of a breakdown. Analyst UBCrypto described the current situation as a failed breakout and advises against purchases until strength is confirmed.

Despite the downward trend, data from Hyblock Capital shows that long positions still dominate the futures market, with 68.9% of global BTC orders on Binance on the long side, indicating continued belief in the psychological significance of the $100,000 level. Daily and weekly charts, however, indicate weakening on larger timeframes, enhancing the prospect of a sweep towards $98,000, although denser order book support is beginning to appear above the current price.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.