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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
11/05/2025

Bull or Bear? Markets Panic as Bitcoin Drops Below the 365-Day Moving Average

BTC continues to weigh on investor sentiment after falling below the 365-day moving average (365-day MA) — one of the most important trend indicators in the crypto market. According to data from CryptoQuant, Bitcoin slipped below this level on November 5th, after dropping sharply under $99,000 and bottoming out near $98,900. At the time of writing, the price has recovered slightly to around $101,800, but not enough to ease concerns among analysts. Bear Market Signal? Julio Moreno — Head of Res

Bull or Bear? Markets Panic as Bitcoin Drops Below the 365-Day Moving Average

BTC continues to weigh on investor sentiment after falling below the 365-day moving average (365-day MA) — one of the most important trend indicators in the crypto market.

According to data from CryptoQuant, Bitcoin slipped below this level on November 5th, after dropping sharply under $99,000 and bottoming out near $98,900. At the time of writing, the price has recovered slightly to around $101,800, but not enough to ease concerns among analysts.

Bear Market Signal?

Julio Moreno — Head of Research at CryptoQuant — views the loss of the 365-day MA as a highly sensitive signal:

"This was the final confirmation of the start of the 2022 bear market. Price needs to reclaim this level as soon as possible."

This move also marks a decline of more than 20% from the all-time high of $126,000 set in early October. By traditional technical analysis standards, a 20% drawdown qualifies as a "technical bear market."

Or Just a Pullback Within an Uptrend?

Andri Fauzan Adziima — an analyst at Bitrue — believes the current concern is overblown. He argues this is merely the "fourth correction" within the 2025 bull cycle:

"History shows that after corrections of more than 20% during a bull market, BTC typically rebounds around 40% within 60 days. This is a normal flush-out, not the start of a prolonged crypto winter."

The Key Line in the Sand: $100,000

Many institutions still believe the market has not truly entered a bear phase until Bitcoin decisively breaks below the $100,000 zone.

Tom Cohen, CIO of Algoz Technology, commented:

"As long as price holds above $100,000, a Santa Claus Rally remains very much on the table. But a clean breakdown below that level could open the door to a more bearish scenario."

Macro Factors Could Be the Deciding Force

Two variables are commanding close attention from investors:

  • President Donald Trump's policy moves and next steps
  • The Federal Reserve's interest rate decision in December

These factors could deliver a major psychological catalyst in the final stretch of the year — and ultimately answer the question: Is the bull taking a breather, or has the bear woken up?