Bitcoin Price Prediction: Price Slides Toward $88K Even As CIO Says Bottom Is Already In

• Bitcoin price today hovers near $91,450 after losing its multi-month trendline and slipping toward the $90,500 support zone.
• Daily EMAs have fully flipped bearish as persistent spot outflows hit $125.46 million on November 19.
• Bitwise CIO Matt Hougan says the “bottom is in,” but price action shows no confirmation as sellers eye $88,000 next.

Bitcoin price today trades near $91,450 after failing to defend the multi-month trendline that supported every rally since early 2024. The breakdown has shifted short-term momentum firmly toward sellers as spot outflows accelerate and daily EMAs flip into overhead resistance.

Weekly Trendline Break Signals Deeper Pressure

The weekly chart shows Bitcoin snapping the long-term ascending trendline that has held for more than a year. The candle closed decisively below this line, w…

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