Analysts Turn Bearish as Bitcoin Weekly Close Spells Doom

In Brief

• Bitcoin’s weekly close below the 50-week EMA has shifted market sentiment sharply bearish.
• Analysts say the coming weeks will be crucial as Bitcoin must regain lost technical levels.
• Market fear is elevated and sentiment remains negative, but some analysts see hope.

Shedrach Kongvong 2025-11-17

As Bitcoin closed below the 50-week exponential moving average (EMA), analysts have concluded that a bear market is in full force. The weekly close has turned the 50 EMA into a resistance which poses a fresh challenge to Bitcoin.

One analyst in an X post stated just hours before the weekly close that closing below this key level will make the price behavior over the next weeks highly critical in defining Bitcoin’s future.

At the moment, traders are turning their sentiment to bearish, opening shorts to maximize gains in the market.

#BTC closed weekly bellow EMA50

Bear market is now fully confirmed

Placing shorts orders at 100-105k pic.twitter.com/oi2QZRi5KN

— Mr. Wall Street (@mrofwallstreet) November 17, 2025

Next Few Weeks to Determine Bitcoin’s Direction

Having lost the critical 50-week EMA, Bitcoin has made a decisive shift to the bearish, but that isn’t as important as what it will do next.

According to the analysts, the asset needs to gain enough upside within the next few weeks for it to reclaim that level and prepare for an upward move.

#BTC

Bear Markets confirm when the bullish structures that supported continued bullish momentum start to fail

There's a high probability the Weekly Candle Closes below the 50-week EMA and so the price reaction that follows over the next couple of weeks or so will be macro… https://t.co/S2oxw1O50D pic.twitter.com/Oq9DHfhG9z

— Rekt Capital (@rektcapital) November 16, 2025

This drop also coincided with a death cross which happened last in April for Bitcoin, and the next few weeks will also determine how long the asset remains in this cross.

At the moment, the sentiment is highly negative as confirmed by the Fear and Greed Index which is currently at 14, a level bitcoin reached last in February.

Bitcoin Fear and Greed Index is 14 – Extreme Fear
Current price: $94,245 pic.twitter.com/CzrMzhVoRH

— Bitcoin Fear and Greed Index (@BitcoinFear) November 17, 2025

What Is Next for Investors?

With the prevailing market condition, Bitcoin investors are in a trying moment that could also determine the future of their investments.

While some may be tempted to sell at a breakeven or worse, another crypto analyst advises patience and caution, adding that the crash won’t last forever.

It's quite clear that #Bitcoin closes the CME gap today.

Question is; where are we?

Well, if we look at data, then, the fear & greed index can give an impression of the current state of the market comparable to previous occassions.

The fear & greed index is 14 out of 100.… pic.twitter.com/4B24209PXg

— Michaël van de Poppe (@CryptoMichNL) November 17, 2025

While this analyst may be right, it is not certain how long this will last before Bitcoin and the wider crypto market recover from the bloodbath.