Bitcoin’s price has continued its slow movement over the past weekend, after an unimpressive performance last week. CoinGecko data shows the top cryptocurrency hovering at $102,000 for the past 24 hour.
Although this current choppy pricing action may appear to be an improvement on the drastic downturn seen in the past few days, the price is still not calming for the world’s most popular cryptocurrency. The latest data on the blockchain suggests the Bitcoin price could still face a further correction over the next few days.
BTC price could find bottom around $95,000
Burak Kismeci posted a message on the social platform X on 8 November. predicted The local bottom of the Bitcoin price. The crypto pundit believes that the price of Bitcoin could drop to $95,000, before it sees relief and possibly rebounds to new highs.
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Here, the relevant metric is the age bands of Realized Price Unspent Transaction Outputs (UTXO), a metric that evaluates the investment patterns of different classes of investors through the realized price of their assets. The UTXO Age Bands metric measures the price Bitcoin owners paid for their assets compared with how long they have held them.
Kesmeci’s analyses focuses on the age groups of 1-week-to-1-month (green line) as well as 1-month-3 months (purple), both of which provide insight into short-term holders’ behavior The overall sentiment of the market. According to an analyst from the On-Chain, the green and purple lines have crossed three times below each other in 2025.
Kesmeci pointed out that the cross is often seen before short-term corrections, such as those on February 24, 2009 ($99,000 down to $76,000), and September 8, 2011 ($117,000 up to $109,000). This cross also occurred on the 1st of November, when Bitcoin’s price fell from $110,000 down to $99,000.
The average price drop suffered by Bitcoin on each of these occasions is around 13.3% with a consolidation period lasting 45 days. Kesmeci predicts that Bitcoin will continue to rise based on the historical patterns. price bottom to form After the latest crossing below the 1 month to 3 months band, the region between $95,000 and $966,000.
Kesmeci concluded:
Short-term, investors in the long term are losing money. This is a bad situation during a bull run. Bitcoin’s price may rise if the past repeats itself. “catch its breath” Once more, prepare for another rise in this area.
Bitcoin Price at a Glance
BTC’s price is around $102,440 as of the time of writing. This represents a drop of nearly 1% in the last day.
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Featured image is from iStock. Chart from TradingView
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Source: www.newsbtc.com
