Bitcoin Price Prediction: Is the Bearish ABCD Pattern Pointing to a Drop Below $83,800?

Bitcoin (BTC/USD) is showing signs of exhaustion after forming a bearish ABCD pattern, with price slipping toward the key $83,800 support zone. The structure mirrors past market tops, suggesting sellers may not be finished yet. As momentum fades and the 20-week EMA turns lower, traders are watching whether this level can hold, or if a deeper correction is just beginning.

Singapore’s SGX to Launch Bitcoin and Ether Perpetual Futures

Singapore Exchange (SGX) will launch Bitcoin and Ether perpetual futures on November 24, aiming to meet rising institutional demand for crypto exposure. The products, regulated by the Monetary Authority of Singapore (MAS), allow accredited investors to trade BTC and ETH price movements without expiry dates, a structure already popular in global derivatives markets.

This marks Singapore’s second perpetual futures rollout in 2025, following EDXM’s July launch, reinforcing the nation’s role as a regional digital asset hub.

SGX said the initiative strengthens the bridge between crypto and traditional finance, while maintaining strict oversight to ensure compliance and investor protection.

Greater institutional participation typically enhances market liquidity, stability, and long-term Bitcoin demand, a positive development for the broader crypto market.

Crypto ETPs Record $2 Billion in Outflows, Largest Drop Since February

Cryptocurrency exchange-traded products (ETPs) saw $2 billion in outflows last week, marking the largest weekly withdrawal since February, according to CoinShares. Outflows surged 71% from the previous week’s $1.17 billion, bringing total redemptions over the past three weeks to $3.2 billion.

CoinShares’ head of research James Butterfill attributed the decline to selling by large crypto-native investors and monetary policy uncertainty, which has dampened risk appetite.

As a result, total assets under management in crypto ETPs dropped from an October peak of $264 billion to $191 billion, a 27% decline.

Regionally, the U.S. accounted for 97% of all outflows, while Germany stood out with $13.2 million in inflows, signaling selective European resilience. By asset, Bitcoin ETPs saw $1.4 billion in outflows, and Ether ETPs lost $700 million, while Solana and XRP products posted smaller declines.

Despite the retreat, inflows into short-Bitcoin and diversified products indicate investors are rotating exposure rather than exiting the market entirely.

Historically, such large-scale outflows have applied short-term pressure on Bitcoin’s price but tend to ease once policy clarity and market sentiment stabilize, paving the way for a potential long-term recovery.

BTC Inc. Names Brandon Green as CEO Amid 140% Revenue Surge

BTC Inc., the parent company of Bitcoin Magazine and the Bitcoin Conference, has appointed Brandon Green as its new CEO. Green, who joined the firm in 2017, has played a key role in expanding Bitcoin events to Abu Dhabi, Hong Kong, and Amsterdam. Former CEO David Bailey will remain as Chairman of the Board.

The company reported strong financial performance for the first nine months of 2025, with revenue up 140% year-over-year to $61.9 million and EBITDA reaching $23 million. Global conference attendance also climbed 45%, while Bitcoin Magazine drew over 175 million monthly impressions, reflecting expanding global engagement.

Looking ahead to 2026, BTC Inc. plans to accelerate international expansion and introduce new institutional-focused offerings. The company’s growth reinforces confidence in the broader Bitcoin ecosystem, as strong corporate performance and rising global participation often signal deeper market maturity and long-term optimism for BTC.

Bitcoin Price Prediction: Bearish ABCD Pattern Targets $83,800

Bitcoin price prediction remains bearish as BTC/USD slid to around $90,000. Right now, BTC is completing a bearish ABCD pattern, extending its decline toward the $83,800 demand zone after losing key support at $99,000. The ABCD structure, where the AB and CD legs mirror in length and slope, signals that BTC may be nearing the final stage of its correction.

On the weekly chart, the CD leg aligns with the 127.2% Fibonacci extension from the AB swing, while RSI near 37 shows oversold conditions without yet confirming divergence. The 20-week EMA has turned lower for the first time this year, underscoring fading momentum, though the widening gap from price hints at a possible rebound.

If buyers defend the $83,800 level, BTC could bounce toward $96,000–$99,000, where the broken trendline now acts as resistance. A bullish engulfing candle near support could mark the start of recovery, while a drop below $83,000 would risk deeper losses toward $74,500.

This ABCD setup suggests Bitcoin may be approaching its final corrective leg before a potential relief rally.

Bitcoin Hyper: The Next Evolution of BTC on Solana?

Bitcoin Hyper ($HYPER) is bringing a new phase to the Bitcoin ecosystem. While BTC remains the gold standard for security, Bitcoin Hyper adds what it always lacked: Solana-level speed. The result: lightning-fast, low-cost smart contracts, decentralized apps, and even meme coin creation, all secured by Bitcoin.

Audited by Consult, the project emphasizes trust and scalability as adoption builds. And momentum is already strong. The presale has surpassed $27 million, with tokens priced at just $0.013265 before the next increase.

As Bitcoin activity climbs and demand for efficient BTC-based apps rises, Bitcoin Hyper stands out as the bridge uniting two of crypto’s biggest ecosystems. If Bitcoin built the foundation, Bitcoin Hyper could make it fast, flexible, and fun again.

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