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November 18, 2025

Bitcoin Drops Below $92,000 After $800M Liquidations; Death Cross Raises Short‑Term Risk

Market snapshot

Bitcoin (BTCUSD) fell below $92,000 after a wave of liquidations that exceeded $800 million in the past 24 hours. Short‑term momentum shifted decisively bearish as the 50‑day EMA crossed beneath the 200‑day EMA (a classic "death cross") and the RSI sits near ~27, signaling oversold conditions. Meanwhile, select altcoins showed mixed resilience: Internet Computer (ICPUSD) rebounded roughly 15% over two sessions and is establishing support near the R1 pivot at $4.70.

Why this matters

Large liquidations amplify volatility and can cascade across margin‑based venues, increasing correlation across crypto markets. A death cross signals that medium‑term trend momentum has turned lower — traders should treat rallies cautiously until clear technical recovery is visible. At the same time, an RSI in the mid‑20s suggests short‑term mean reversion remains possible, creating tactical opportunities with strict risk controls.

Key technical levels

For Bitcoin:

  • Immediate support: $88,765 (near recent intraday target).
  • Near resistance / relief level: $92,800 — reclaiming this would ease short‑term pressure.
  • Upside extension: $98,200 if BTC sustains a recovery above resistance.

For Internet Computer (ICPUSD):

  • Support to watch: $4.70 (R1 pivot).
  • Near‑term bullish targets: $6.00, $6.47 (R2), and $8.25 (R3) if momentum resumes.

Risks and opportunities

Risks

  • Continued BTC declines or renewed margin liquidations could drag the broader altcoin market lower, erasing short‑term rebounds.
  • Technical breakdowns: BTC failing to hold $88,765 may open larger downside and test deeper supports.
  • For ICP, slipping below $4.70 would likely cancel the recent bounce and expose lower targets.

Opportunities

  • Oversold indicators on BTC create potential for a relief rally; a clean break and daily close above $92,800 would reduce short‑term risk and could extend gains toward $98,200.
  • ICP reclaiming $6.00 and clearing $6.47 would validate a broader altcoin recovery and open targets to $8.25.
  • Traders who prefer systematic execution can use automated rules to scale into positions on confirmed technical turns while limiting downside exposure.

Practical trading strategies

For momentum / breakout traders

Wait for confirmation: trade long only after BTC reclaims and holds above $92,800 on a daily close, with a stop under $88,765. Use position sizing so a single adverse move does not exceed your risk budget.

For mean‑reversion / swing traders

Consider staggered long entries on intraday oversold bounces while keeping tight stops beneath recent lows. Because of elevated funding and liquidation risk, keep allocation modest and be ready to reduce exposure quickly on corrective continuation.

For altcoin traders

Monitor ICP: a daily reclaim of $6.00 with volume confirmation is a practical entry. Use a trailing stop or scale out into $6.47–$8.25 targets. Keep altcoin position sizes smaller than core BTC exposure during high correlation regimes.

How automated trading can help

Fast, disciplined execution is critical during high‑volatility episodes. Automated trading systems reduce emotional errors, enforce risk parameters, and can execute multi‑leg strategies across exchanges. For Bitcoin specifically, a dedicated, rule‑based Bitcoin Trading Bot can manage entries and stop placement precisely. For altcoin execution and portfolio rebalancing on major venues, a Binance Trading Bot helps capture rebounds while limiting slippage.

Portfolio management tip

Use a trade assistant to size positions by volatility and to automate layered entries and exits. Tools such as the Trade Assistant Bot can help maintain consistent risk rules across crypto holdings and complement manual macro views (including those relevant to forex or commodity exposures).

Cross‑market context

While this note focuses on crypto, keep broader markets in view. USD strength and shifting expectations for rate cuts (which are weighing on gold and FX pairs) can influence risk sentiment and liquidity in crypto markets. Retail traders who also do forex trading should consider cross‑market correlations when sizing crypto exposure.

Checklist before taking a trade

  • Confirm the technical trigger (daily close or confirmed intraday breakout).
  • Set stop‑loss reflecting market structure, not arbitrary percentages.
  • Size the trade relative to portfolio volatility and correlation to other positions.
  • Use automated rules where execution speed and discipline matter.

Conclusion

Bitcoin's decline below $92,000 after more than $800M of liquidations and a fresh death cross raises the odds of continued short‑term weakness, even as oversold indicators set up possible relief rallies. Traders who want to participate should prioritize defined risk, wait for technical confirmation, and consider disciplined automated execution to avoid emotion‑driven mistakes. Altcoins like ICP offer specific tactical setups, but they remain vulnerable to BTC direction until a clear trend reversal occurs.

If you want to test disciplined automated strategies during volatile windows, try a tailored solution on PlayOnBit. Use a specialized Bitcoin Trading Bot for BTC execution or a Binance Trading Bot for altcoin management, and combine them with the Trade Assistant Bot for position sizing and risk controls. Start a demo or live trial to see how AI‑driven automated trading can enforce discipline and speed in fast markets.