Bitcoin Price Prediction: Sellers Drive BTC Toward Long-Term Support As $103M Outflows Hit Market

Bitcoin trades near $84,200 after slicing below the $95,900 support cluster that held for most of the year. The rejection at $116,800 triggered a sharp rotation out of long positions, and sellers have driven the price directly into a long-term trendline that has defined the market.

CoinGlass data shows another heavy outflow day, with roughly $103 million exiting exchanges on November 22.

This continues a month of persistent red flows, including several sessions above $200 million in net exits. Liquidity is leaving the ecosystem rather than entering, and this shift explains why each bounce attempt fades quickly.

The daily chart shows a clear rejection pattern. Bitcoin failed to break above $116,800 and rolled over with heavy momentum. Price then lost the 20-day, 50-day, 100-day, and 200-day EMAs in rapid succession. All four EMAs are now angled downward and acting as a stacked resistance zone.

The supertrend flipped bearish near $98,100 and has continued to trail price lower. That flip marked the start of the current leg down. The break of the rising diagonal removed the last structural support before the current test of the long-term base.

Volume profile levels reinforce the same picture. Bitcoin lost the high participation zone near $95,900, which served as a major point of control for nearly eight months. The next significant liquidity layer sits near $81,000, followed by a broader accumulation belt between $76,000 and $72,000. Below that zone, a deeper pocket appears around $52,500, but that only comes into play if the current corrective phase turns into a full macro reversal.

For now, the trend remains bearish as long as the price trades below the resistance band near $96,000 to $103,000.

The intraday structure remains fragile despite brief attempts to stabilize. The 30-minute chart shows Bitcoin coiling inside a tightening symmetrical triangle after a sharp drop from the $87,000 region.

Parabolic SAR dots remain above the price for most of the consolidation, confirming persistent downside pressure. Each attempt to lift toward $85,000 was rejected before reaching the top of the triangle, showing that buyers are not strong enough to force a breakout.

RSI sits near 48.86, signaling indecision, but the broader trend still tilts bearish. Momentum has not shifted, and the recovery attempts show lower highs on every push.

A breakdown below $83,800 would confirm a continuation of the current leg lower and expose the $82,500 to $81,000 demand zone. A breakout above $85,000 would be the first sign of strength, but it requires follow-through above $85,600 to invalidate the pattern. Until that happens, sellers maintain control, and the consolidation favors continuation rather than reversal.

Bitcoin now sits on a long-term trendline, and the next move depends entirely on how buyers react at $83,000 to $81,000.