Bitcoin (Bitcoin) price is showing signs of losing momentum as its movements continue, forming a bearish ABCD corrective pattern and heading towards the main support zone at $83,800, so its technical structure reflects a similar scenario to its previous movement patterns after the bull market cycle reached its range, suggesting that the current selling wave is not over yet; With the continued loss of momentum and the 20-week exponential moving average (EMA-20) line continuing to decline, traders are watching to see if this level can hold, or if a deeper correction is underway.
Singapore Stock Exchange launches futures markets for Bitcoin and Ethereum
The Singapore Exchange (SGX) plans to launch futures products linked to Bitcoin and Ethereum-ETH on November 24 to meet growing institutional demand for digital currencies. Regulated by the Monetary Authority of Singapore (MAS), these products will provide eligible investors with exposure to the price movements of Bitcoin and Ethereum without an expiration date, which is a common practice. Advancement in global financial derivatives markets.
This milestone represents the second futures launch in Singapore during 2025 following the launch of the EDXM platform in July, which reinforces this country’s role as a regional hub for crypto activities. The Singapore Exchange said the initiative improves interconnection between the crypto and traditional finance sectors, while maintaining strict oversight to ensure compliance and protect investors.
Institutional participation generally improves the liquidity, stability, and sustained demand for Bitcoin, which is a positive development for the entire crypto markets.
Exchange-traded crypto investment products (Crypto ETPs) see outflow of investments worth $2 billion, the largest investment loss since February.
Last week, exchange-traded crypto investment products (Crypto ETPs) saw the outflow of investments worth approximately $2 billion, recording the strongest weekly waves of investment outflows since last February, according to CoinShares. The value of investments lost through these investment products increased by 71% compared to last week, which recorded the outflow of investments worth $1.17 billion, bringing their total value over the last three weeks to $3.2 billion.
James Butterfill, head of research at CoinShares, attributed the decline to selling pressure from major crypto market participants and uncertainty over monetary policy directions, which weakened risk appetite.
As a result, the total digital assets under management of these investment product providers fell from a high of $264 in October to $191 billion, a decline of 27%.
Globally, the United States led the wave of investment outflows, accounting for 97% of the total volume, while Germany recorded net investment inflows worth $13.2 million, suggesting selective European flexibility. In terms of assets, Bitcoin Spot ETFs saw the outflow of investments worth $1.4 billion, and their counterparts in the Ethereum currency (Ethereum Spot ETF) saw the outflow of investments worth $700 million, while the Solana-SOL and Ripple-XRP investment products saw smaller declines.
Despite this decline, the increase in inbound investment in speculative Bitcoin contracts and various products indicates that investors are redirecting their investments rather than exiting the market entirely.
Typically, the exit of such large investments would put temporary pressure on Bitcoin’s price movements, but these pressures tend to ease once policies become clear and the overall market mood stabilizes, paving the way for a more sustainable potential recovery.
BTC Inc. Appoints Brandon Greene as CEO as Revenue Rises 140%
BTC Inc. has named Bitcoin Magazine parent company and Bitcoin conference host Brandon Green as its new CEO, who joined in 2017 and played a central role in expanding Bitcoin events to include Abu Dhabi, Hong Kong and Amsterdam, while its former CEO, David Bailey, will remain chairman of the board.
The company reported strong financial performance for the first nine months of 2025, with revenue increasing 140% year-over-year to $61.9 million, and earnings before interest, taxes, depreciation and amortization reaching $23 million. Global conference attendance also increased by 45%, and the Bitcoin Magazine website was viewed over 175 million times per month, reflecting increased global participation.
BTC Inc. plans to accelerate its international expansion in 2026 and introduce new enterprise offerings. The company’s growth is expected to build confidence in the Bitcoin technical system. Strong corporate performance and growing global participation often indicate greater market maturity and sustained optimism about the future of Bitcoin.
Bitcoin Price Forecast: Bearish ABCD Pattern Targeting $83,800
Bitcoin price predictions remain negative, with its price falling to around $90,000. Currently, its price continues to form a bearish corrective ABCD pattern, which likely continues to decline towards the $83,800 demand zone after losing a major support level at $99,000. For its part, the ABCD pattern – where the length and inclination of legs AB and CD are the same – indicates that the price of Bitcoin could be on the verge of completing the last waves of correction.
On the weekly chart, the CD leg target is consistent with the extension of the 127.2% Fibonacci retracement equivalent to the AB bearish move, while the Relative Strength Index (RSI) reading of 37 indicates an approach to the oversold range without any divergence that could suggest a course reversal so far. The 20-week exponential moving average (EMA-20) line has started to follow a downward trajectory for the first time this year, confirming the waning momentum despite the widening price gap. Indicating a possible rebound.
If buyers manage to defend the $83,800 level, Bitcoin price could bounce towards the $96,000-$99,000 range, where the broken trendline now acts as a resistance level, and the formation of an engulfing bullish candle around the support level may indicate the start of a recovery, while a breakout of the $83,000 level could herald a deeper decline towards the $83,000 level. $74,500.
The ABCD model indicates that Bitcoin price may be nearing the end of the correction wave in anticipation of a possible rebound.
Bitcoin Hyper-HYPER: Is this the next evolution of Bitcoin on the Solana blockchain?
The Bitcoin Hyper network represents a new stage in the Bitcoin Blockchain technical system. While the Bitcoin blockchain remains the benchmark for security, the new Bitcoin Hyper network will give it what it has always lacked: blazing speed that matches the performance of the Solana blockchain. The result: ultra-fast and inexpensive smart contracts, decentralized applications (dApps) and even the creation of memes, all secured according to the standards of the Bitcoin blockchain.
The project’s tokenized smart contract has been successfully reviewed by the Coinsult team and focuses on trust and ensuring scalability as adoption increases. Therefore, it is receiving a lot of attention as its subscription proceeds have exceeded $27 million at a price of just $0.013265 currently before the next expected increase.
Finally, with the growing activity on the Bitcoin Blockchain and the growing demand for efficient applications related to the Bitcoin currency, Bitcoin Hyper emerges as a link between the two largest technical systems in the crypto sector. If the Bitcoin blockchain represents the foundation, then Bitcoin Hyper’s mission is to make it faster, more flexible and more enjoyable than before.
To buy Bitcoin Hyper click here
Post Bitcoin (BTC) Price Prediction: Does ABCD Downtrend Predict a Drop Below $83,800? appeared first on Cryptonews Arabic.