Bitcoin Could Retest $93K as Institutional Demand Declines
Bitcoin continued to struggle in November after failing to overcome the $107K resistance earlier this week, triggering selling that pushed the price under $97K for the first time since May. With momentum tilted toward sellers, technical setups now point to a possible revisit of the $93K support level if volume and bids do not return. The pullback marks a clear shift from recent highs and tightens risk for short-term longs.
Part of the pressure appears tied to declining institutional demand — flows and buying interest from larger players have softened, reducing a key source of upward support. That matters because lower institutional participation can amplify volatility and slow recovery even if retail interest remains. Traders should watch $93K and the $107K area for confirmation of a directional breakout, while holders may want to reassess position sizing given elevated downside risk.