Bitcoin Price Drop: November 18 Analysis

Bitcoin’s recent drop below $92,000 has raised eyebrows among investors in Singapore and beyond. This decline, driven by long-term holders cashing out and liquidations from leveraged positions, signals a notable market shift. Yet, this pullback could be a temporary correction rather than an extended downturn, as analysts point to growing institutional interest and Bitcoin ETF adoption. As of today, Bitcoin trades at $93,328, revealing a downward shift that’s important for both short-term traders and long-term investors.