Jakarta, Pintu News – The start of November 2025 brought negative signals for the crypto market. Bitcoin (BTC) briefly plummeted to Rp1.75 billion ($105,000) and rekindled bear market fears. According to analysis experts CryptoBirb and DeFiIgnas, there are a number of important indicators that are gaining attention and warning investors of a potential deeper correction this month.
Here are the 5 main factors that are being discussed:

According to CryptoBirb, BTC is already on its 1,078th day since its low point in November 2022, meaning that the current crypto cycle is already 101.2% complete based on historical patterns.
In the 2017 cycle, BTC’s peak occurred on day 1,068. Currently, BTC is still stuck below Rp1.89 billion ($113,000), further increasing the chances that the bull cycle has already passed.
If prices fail to breakout before November 20-the projected end of the cycle peak-then this could be the start of a long correction phase.
Also Read: 5 Shocking Ethereum (ETH) Predictions from Robert Kiyosaki that Made Crypto Hunted by Whales
Technically, BTC has been rejected several times in the range of Rp1.89-Rp1.91 billion ($113,000-$114,000) and is now trading below the 200-day Simple Moving Average (SMA) line, which stands at Rp1.84 billion ($109,882).
This drop indicates a loss of medium-term momentum, and signals that the bears are taking over.
On an annualized basis, BTC has only risen 8.2% since the start of 2025, and is already down 16% from ATH at IDR2.11 billion ($126,200).
Historically, November is a positive month for crypto with an average gain of 17.5% in 10 of the last 15 years.
This year, however, November started with a sharp decline. According to CryptoBirb’s analysis, a red start to the month often signals a cyclical shift towards a downtrend.
Investors are now more cautious, especially if there are no major triggers that could lift market momentum again in the near future.

DeFiIgnas added that many factors have contributed to worsening the current condition. Among them are:
Coupled with uncertainty from speculation in the AI sector and the lack of price response to positive news, the market seems to be losing steam.

Although the situation looks bearish, there are still factors that could save the crypto market from a deeper decline, according to DeFiIgnas.
Positive factors include:
With Q4 being historically strong, investors are hopeful that there will be a turning point if liquidity starts to improve and uncertainty is reduced.
November 2025 could be a turning point-toward recovery or further decline. Currently, a bearish phase is looming and being closely monitored by analysts and whales. If Bitcoin (BTC) fails to break through important resistance in the next 2 weeks, the market will most likely enter a deeper correction phase before the end of the year.
Also Read: Can You Live Only on Crypto? Here are 3 Sources of Income & Challenges You Need to Know About
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