The cryptocurrency world is abuzz, but this time, it’s not for a good reason. In the third week of November 2025, Bitcoin (BTC) investors were shocked by a significant price drop. And this isn’t the first time! This decline continues a negative trend from the previous week. So, what’s really going on?
On Monday, November 17, 2025, Bitcoin was trading at around $93,876.6, or about IDR 1.57 billion per coin. This figure marks a decrease of about 1.6 percent compared to the previous day’s closing price. In fact, at the start of the trading session, the price briefly touched $93,043.9, equivalent to IDR 1.55 billion per coin. This is the lowest point Bitcoin has reached since the end of April 2025. Compared to its opening price at the beginning of November, the drop is nearly 7 percent. Scary, right? This data was reported by Investing on the same day.
It’s Not Just Bitcoin, Altcoins Are Shaken Too!
Apparently, this price storm didn’t just hit the king of crypto, Bitcoin. Several other well-known cryptocurrencies also turned sluggish at the start of the week. Take Ethereum (ETH), for instance, whose price fell to around $3,173 per coin, or about IDR 52 million. Then there’s XRP, which plunged 2.1 percent, trading at $2.21, equivalent to IDR 36,918. This widespread decline clearly indicates a strong negative sentiment across the entire crypto market.
Crypto Market Gripped by “Extreme Fear”
So, what caused crypto prices to fall in unison? The answer lies in worsening market sentiment. To measure the “mood” of investors, there’s something called the Crypto Fear & Greed Index. This indicator aims to measure investor psychology and whether the market is dominated by fear or greed.
Well, right now, the Fear & Greed Index is showing a score of 10! This number falls into the “extreme fear” category. Just imagine, the score is exactly the same as the index’s position on the previous Saturday, November 15, 2025. This means investors are extremely worried and tend to be risk-averse, which ultimately pushes them to sell their crypto assets, including Bitcoin. Obviously, when many people sell, the price tends to fall.
Expert Predictions: Will It Drop Further?
With the market in such a precarious state, we’re naturally curious: what does the future hold for Bitcoin? Crypto experts and analysts have weighed in, and their predictions are quite nerve-wracking.
- Potential Drop to the $83,500 Level: According to Ali Martinez
According to prominent crypto analyst Ali Martinez, Bitcoin’s current price movement has broken out of its usual pattern. This is not a good thing, as this condition opens up the potential for a more severe continued decline. Martinez predicts that Bitcoin could fall even deeper, possibly reaching a price of $83,500, or about IDR 1.39 billion per coin. Wow, let’s hope it doesn’t come to that!
- ‘Death Cross’ Signal and a Warning from Benjamin Cowen
Meanwhile, another analyst, Benjamin Cowen, shares a similar view. He mentions that Bitcoin is experiencing a “death cross” phenomenon. What is a “death cross”? In short, it’s a bearish technical signal that occurs when a short-term price trend (e.g., the 50-day moving average) drops below a long-term price trend (e.g., the 200-day moving average). Historically, this signal has often been a harbinger of a more significant price drop in the future.
Cowen adds that Bitcoin needs to rebound in the coming week to keep its price cycle stable. If it fails to do so, its price could plummet even lower, back to its 200-day moving average price. This, of course, is a major concern for investors. Benjamin Cowen also offers an important warning for all of us: “read the market for what it is, not for what you want it to be.” This advice was compiled from Coinbase on Monday, November 17, 2025. This means we shouldn’t let our personal hopes or wishes cloud our objective view of the actual market conditions.
Conclusion: Stay Cautious and Objective
The crypto market conditions in mid-November 2025 are indeed unfriendly. The price drop of Bitcoin and other altcoins, coupled with the “extreme fear” index and analysts’ predictions, serves as a yellow flag for investors. It is crucial for us to always be vigilant, conduct in-depth research, and not get easily swept away by market emotions.
Benjamin Cowen’s advice to “read the market for what it is” is highly relevant. Don’t just look at the potential for profit, but also understand the existing risks. Remain objective, and make investment decisions based on solid data and analysis, not just on hope. Let’s hope Bitcoin can rebound soon and the crypto market will brighten up again!
