Bitcoin Falls Below A Key Level. The Crypto May Head Toward $94,200 Next

Dow Jones

Nov 04

Bitcoin has broken below an important technical level, which could signal further downside for the cryptocurrency, according to Katie Stockton, founder and managing partner at Fairlead Strategies.

Bitcoin (BTCUSD) has fallen below its 200-day moving average at $109,800, Stockton wrote in a Monday note. The 200-day moving average is one of the most widely followed indicators that may be used to define a long-term trend, and also acts as a support level for bitcoin in this case.

"We assume the corrective phase will keep hold of bitcoin for another few weeks," based on technical indicators, Stockton wrote. Bitcoin's next support level stands at around $94,200, she said.

Still, the long-term momentum of bitcoin remains positive, she noted, eyeing a potential price target at $134,500 in the long term if the technical trend is complete.

Bitcoin fell 3.9% on Monday to trade at around $106,400, as some large bitcoin holders sold part of their holdings, based on blockchain data.

It is unclear what triggered the move lower, analysts at crypto trading firm QCP said. "Recent selloffs, including today's, came with no clear macro catalyst," they wrote.

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The Crypto May Head Toward $94,200 Next","media":"Dow Jones","content":"<html><head></head><body><p>Bitcoin has broken below an important technical level, which could signal further downside for the cryptocurrency, according to Katie Stockton, founder and managing partner at Fairlead Strategies.</p><p>Bitcoin (BTCUSD) has fallen below its 200-day moving average at $109,800, Stockton wrote in a Monday note. The 200-day moving average is one of the most widely followed indicators that may be used to define a long-term trend, and also acts as a support level for bitcoin in this case.</p><p>&#34;We assume the corrective phase will keep hold of bitcoin for another few weeks,&#34; based on technical indicators, Stockton wrote. 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The Crypto May Head Toward $94,200 Next\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-11-04 11:56</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Bitcoin has broken below an important technical level, which could signal further downside for the cryptocurrency, according to Katie Stockton, founder and managing partner at Fairlead Strategies.</p><p>Bitcoin (BTCUSD) has fallen below its 200-day moving average at $109,800, Stockton wrote in a Monday note. The 200-day moving average is one of the most widely followed indicators that may be used to define a long-term trend, and also acts as a support level for bitcoin in this case.</p><p>&#34;We assume the corrective phase will keep hold of bitcoin for another few weeks,&#34; based on technical indicators, Stockton wrote. Bitcoin&#39;s next support level stands at around $94,200, she said.</p><p>Still, the long-term momentum of bitcoin remains positive, she noted, eyeing a potential price target at $134,500 in the long term if the technical trend is complete.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/a7dfe2c8fb4ecbb6b34c0f4f0434056e\" alt=\"\" title=\"\" tg-width=\"700\" tg-height=\"430\"/></p><p>Bitcoin fell 3.9% on Monday to trade at around $106,400, as some large bitcoin holders sold part of their holdings, based on blockchain data.</p><p>It is unclear what triggered the move lower, analysts at crypto trading firm QCP said. &#34;Recent selloffs, including today&#39;s, came with no clear macro catalyst,&#34; they wrote.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2580222767","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2580222767","pubTimestamp":1762228591,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Still, the long-term momentum points to the upside, one technical analyst says. Bitcoin fell below its 200-day moving average on Monday.Bitcoin has broken below an important technical level, which could signal further downside for the cryptocurrency, according to Katie Stockton, founder and managing partner at Fairlead Strategies.Bitcoin  has fallen below its 200-day moving average at $109,800, Stockton wrote in a Monday note. The 200-day moving average is one of the most widely followed indicators that may be used to define a long-term trend, and also acts as a support level for bitcoin in this case.\"We assume the corrective phase will keep hold of bitcoin for another few weeks,\" based on technical indicators, Stockton wrote. Bitcoin's next support level stands at around $94,200, she said.Still, the long-term momentum of bitcoin remains positive, she noted, eyeing a potential price target at $134,500 in the long term if the technical trend is complete.Bitcoin fell 3.9% on Monday to tr","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","BK4601":"加密货币现货ETF","BK4594":"比特币ETF概念","BK4588":"碎股","BK1611":"加密货币现货ETF","MSTR":"Strategy","COIN":"Coinbase Global, Inc."},"translate_title":"比特币跌破关键水平。加密货币接下来可能会走向94,200美元","themeId":"84f5f8ea123b04b1f9df344a2b2ba93a","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"COIN":2,"MSTR":2},"content_text":"Bitcoin has broken below an important technical level, which could signal further downside for the cryptocurrency, according to Katie Stockton, founder and managing partner at Fairlead Strategies.Bitcoin (BTCUSD) has fallen below its 200-day moving average at $109,800, Stockton wrote in a Monday note. The 200-day moving average is one of the most widely followed indicators that may be used to define a long-term trend, and also acts as a support level for bitcoin in this case.\"We assume the corrective phase will keep hold of bitcoin for another few weeks,\" based on technical indicators, Stockton wrote. Bitcoin's next support level stands at around $94,200, she said.Still, the long-term momentum of bitcoin remains positive, she noted, eyeing a potential price target at $134,500 in the long term if the technical trend is complete.Bitcoin fell 3.9% on Monday to trade at around $106,400, as some large bitcoin holders sold part of their holdings, based on blockchain data.It is unclear what triggered the move lower, analysts at crypto trading firm QCP said. \"Recent selloffs, including today's, came with no clear macro catalyst,\" they wrote.","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}