How Far Could Bitcoin Drop? Analyst Ted Pillows Weighs In

Jakarta, Pintu News – Bitcoin (BTC) price continues to decline towards a deeper zone as pressure from sellers tests the area around $95,000. Recently, BTC price had dropped to $94,000, but this region is now showing signs of hesitation as buyers are reluctant to take aggressive steps. Bitcoin’s Fear and Greed Index also recorded new lows, further weighing on short-term sentiment.

Investors are now more cautious as volatility increases and hopes of a Fed rate cut dwindle. Price movements around the lower boundary are of interest to analysts as liquidity tends to be concentrated in that area. This region is also reinforced by the technical structure, making it a significant decisive zone.

Top analysts warn of potential drop towards $92,000 zone

According to Ted, Bitcoin price still has room for a final decline as the CME gap at $92,000 has not yet closed and continues to attract market attention.

Read also: Bitcoin Price Freefalls to $91,000 Today: Can BTC Bounce Back?

In his analytical framework, a clean price imbalance is likely to reappear as the market experiences tension between support levels, specifically around $93,000 to $95,000.

Currently, BTC price is near $95,000, a level that suggests indecision as buyers are reluctant to take aggressive action. Ted also highlighted the $98,000 area as a crucial zone to reclaim, as the price response at this point usually marks a short-term change in strength.

The drop to $92,000 is seen not as a major risk, but rather an operational move as liquidity is more easily absorbed in small corrections. This view forms the basis of the broader analysis, which suggests that the lower price zone is an important component for the next major response.

Hardy supports Ted’s point of view and specifically points to the gap between $91.900 to $92.500. In his post on X, he calls this gap the most powerful magnet on the chart. He emphasized that whales tend to prefer filling positions in this area as it provides cleaner execution with minimal distortion.

The price structure is considered to be under control as the market respects the previous reaction levels in the range of $95,000 and $97,000. With BTC prices still slightly above these gaps, there is still room for a final expansion towards these zones.

The analyst expects a sharp reversal after this sweep, as liquidity below $92,000 often triggers rapid reactionary movements. He believes a decisive sweep through the $92,000 zone could complete the reset process that the market is forming.

Key Structures Meet Around $93,000 to Shape BTC’s Long-Term Outlook

A number of technical structures are now converging in the same region that analysts highlighted, reinforcing the macro configuration. Bitcoin is currently moving at the lower boundary of its descending channel, with the support area being in the range of $93,000 to $94,000.

Read also: Shiba Inu Officially Joins Bitcoin & Ethereum for Green List Trading in Japan

The price of BTC has touched this zone several times, and each rejection indicates a defense on the part of the buyers. The fifth wave of the Elliott impulse pattern also completed near this support area.

This pattern generally marks an exhaustion phase after a prolonged selling pressure, aligning with the latest BTC model projections that forecast a price of $200,000 in the next 12 months.

The presence of a price gap between $91,900 and $92,500 completes this structure, as full exhaustion generally appears after liquidity is cleared below major support levels.

The RSI indicator is now approaching oversold territory, a condition that often triggers initial rebound attempts near strong floor zones. All of these signals strengthen BTC’s long-term price outlook, as the structure between $91,900 and $94,000 contains technical elements that support the potential for a significant recovery.

Analysts concluded that Bitcoin price is likely to venture into the $91,900-$93,000 area, marking the zone as a crucial point for further movement. A controlled sweep could complete the last downward phase before a buying reaction emerges.

Price structure, liquidity, and momentum converged in this pocket, creating conditions that favored a big recovery once the sweep phase was over.

FAQ

What caused the recent Bitcoin price drop?

Bitcoin’s price decline is due to increased market volatility and diminished expectations of interest rate cuts by the Federal Reserve.

Why is the $91,900 to $93,000 zone considered critical by analysts?

The zone is considered critical because it is the point where price structure, liquidity, and market momentum converge, which can determine the direction of Bitcoin’s next price movement.

What is the impact of the selling pressure on the Bitcoin price?

The mounting selling pressure could push the Bitcoin price down further, especially if it continues and reaches below the predefined critical zone.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Top Analysts Predict How Low Bitcoin Price Might Fall. Accessed on November 18, 2025