Bitcoin Breakdown Alert: Dominance, RSI, Trendlines All Flash Red

Amid a steep breakdown that has engulfed the majority of assets in the cryptocurrency industry, Bitcoin (BTC)’s technical outlook has deteriorated sharply this week, and a wave of prominent crypto analysts warns that the market may be entering a deeper correction phase.

Indeed, from looming trend reversals to collapsing dominance metrics and key support retests, multiple indicators now suggest the uptrend of the past year may be nearing exhaustion.

Death Cross Flashes as Momentum Weakens

Specifically, crypto analyst Mikybull Crypto highlighted on November 14 that Bitcoin was on the verge of printing a Death Cross, a technical pattern where a shorter-term moving average (MA) crosses below a longer-term one. Historically, in the current cycle, this formation has aligned with local bottoms, but it also signals significant trend fatigue.

Key Support Levels Are Failing

At the same time, prominent crypto trading expert Ali Martinez warned that Bitcoin was now drifting dangerously close to a critical structural failure. According to his chart, a break below $95,930 opens the door to the next major support levels at $82,045 and then $66,900. He earlier noted that “This is NOT good!” as his analysis showed BTC losing trendline support that had held since late 2022.

Dominance Charts Turn Deeply Bearish

Meanwhile, fellow analyst Matthew Hyland pointed toward a “very bearish” weekly dominance structure. His breakdown included bearish downtrend, bearish flag / rising wedge, bearish RSI setup, bearish stochastic RSI, and EMA ribbons curling downward. Combined, these indicators suggest capital is rotating away from Bitcoin and into other assets – or out of crypto altogether.

Cycle-Top Fears Fuel the Selloff

Furthermore, Michaël van de Poppe explained that broader sentiment is deteriorating due to growing beliefs that Bitcoin’s four-year cycle may have already peaked. According to him, “People who believe the 4-year cycle has provided a peak on BTC” were selling aggressively. For the trend to reverse, BTC must reclaim $101K, flipping it back into support.

Gaussian Band Test: Make-or-Break Moment

Another analyst, CryptoJelleNL, emphasized that Bitcoin was testing the Gaussian channel, which historically defines long-term bull and bear boundaries. For the uptrend to stay intact, BTC must close the week in green. “Either a miracle rally, or we’re witnessing the end of the uptrend,” he warned.

Macro Pressures Add Fuel to the Fire

Currently, Bitcoin is trading at the price of $96,448.47, down 6.27% on the day, losing 3.50% across the past week, and accumulating a decline of 14% in the last month, according to the most recent chart information retrieved on November 14.

Markets also faced a substantial macro headwind in the form of regulatory uncertainty from Singapore, exchange-traded fund (ETF) outflows surpassing $963 million, and a technical breakdown featuring an oversold RSI of 28.6 and MACD divergence.

Right now, BTC sits at a decisive juncture. Between looming bearish crossovers, collapsing dominance, heavy outflows, major support retests, and widespread sentiment fatigue, analysts agree on one point: this is the most critical moment of the cycle so far.

If Bitcoin can’t reclaim key levels, especially $101K and $108-110K, the market may be preparing for a deeper retracement toward the low-$80Ks or even mid-$60Ks. But as previous cycles have demonstrated, moments of maximum fear often precede major reversals.

More Must-Reads:

• From Boom to Balance: McGlone Warns BTC May Cool Into 2026
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• Analysts Sound Alarm as Bitcoin Charts Flirt With Disaster