Bitcoin Price Forecast: Does the Bearish ABCD Pattern Indicate a Decline Below $83,800?

Bitcoin (BTC/USD) is exhibiting signs of fatigue after establishing a bearish ABCD pattern, with the price declining towards the crucial $83,800 support area. This formation resembles previous market peaks, indicating that sellers may still be active. As momentum diminishes and the 20-week EMA trends downward, traders are monitoring whether this level can withstand pressure or if a more significant correction is commencing.

Singapore’s SGX to Introduce Bitcoin and Ether Perpetual Futures

Singapore Exchange (SGX) is set to introduce Bitcoin and Ether perpetual futures on November 24, aiming to cater to the growing institutional interest in cryptocurrency exposure. These products, regulated by the Monetary Authority of Singapore (MAS), enable accredited investors to trade BTC and ETH price fluctuations without expiration dates, a format already favored in global derivatives markets.

This initiative represents Singapore’s second launch of perpetual futures in 2025, following EDXM’s introduction in July, further solidifying the country’s position as a regional digital asset center.

SGX stated that this initiative enhances the connection between cryptocurrency and traditional finance, while ensuring stringent oversight to maintain compliance and protect investors.

JUST IN: Singapore Exchange (SGX) will launch Bitcoin and crypto perpetual futures, expanding its regulated digital asset offerings. pic.twitter.com/idTBRc16z2

— The Crypto Times (@CryptoTimes_io) November 17, 2025

Increased institutional involvement generally improves market liquidity, stability, and long-term demand for Bitcoin, which is a favorable development for the overall cryptocurrency market.

Crypto ETPs Experience $2 Billion in Outflows, Largest Decline Since February

Cryptocurrency exchange-traded products (ETPs) experienced $2 billion in outflows last week, marking the most significant weekly withdrawal since February, as reported by CoinShares. Outflows surged by 71% compared to the previous week’s $1.17 billion, bringing total redemptions over the last three weeks to $3.2 billion.

James Butterfill, head of research at CoinShares, attributed the downturn to selling by large crypto-native investors and uncertainty surrounding monetary policy, which has reduced risk appetite.

Consequently, total assets under management in crypto ETPs fell from an October high of $264 billion to $191 billion, representing a 27% decrease.

UPDATE: Digital asset ETPs recorded $2B in outflows last week, the largest since February. pic.twitter.com/H0EyJhPFGF

— Cointelegraph (@Cointelegraph) November 17, 2025

Regionally, the U.S. accounted for 97% of all outflows, while Germany distinguished itself with $13.2 million in inflows, indicating selective resilience in Europe. By asset, Bitcoin ETPs saw $1.4 billion in outflows, and Ether ETPs lost $700 million, while Solana and XRP products experienced smaller declines.

Despite the outflow, inflows into short-Bitcoin and diversified products suggest that investors are reallocating their exposure rather than exiting the market entirely.

Historically, such substantial outflows have exerted short-term pressure on Bitcoin’s price but tend to alleviate once policy clarity and market sentiment improve, potentially paving the way for a long-term recovery.

BTC Inc. Appoints Brandon Green as CEO Amid 140% Revenue Increase

BTC Inc., the parent organization of Bitcoin Magazine and the Bitcoin Conference, has named Brandon Green as its new CEO. Green, who joined the company in 2017, has been instrumental in expanding Bitcoin events to locations such as Abu Dhabi, Hong Kong, and Amsterdam. Former CEO David Bailey will continue to serve as Chairman of the Board.

The company reported robust financial results for the first nine months of 2025, with revenue increasing by 140% year-over-year to $61.9 million and EBITDA reaching $23 million. Global conference attendance also rose by 45%, while Bitcoin Magazine attracted over 175 million monthly impressions, indicating growing global engagement.

Looking ahead to 2026, BTC Inc. intends to accelerate its international expansion and introduce new offerings aimed at institutional investors. The company’s growth reinforces confidence in the broader Bitcoin ecosystem, as strong corporate performance and increasing global participation often indicate deeper market maturity and long-term optimism for BTC.

Bitcoin Price Prediction: Bearish ABCD Pattern Targets $83,800

The Bitcoin price prediction remains bearish as BTC/USD has fallen to around $90,000. Currently, BTC is completing a bearish ABCD pattern, extending its decline towards the $83,800 demand zone after losing critical support at $99,000. The ABCD structure, where the AB and CD legs are equal in length and slope, indicates that BTC may be approaching the final phase of its correction.

On the weekly chart, the CD leg corresponds with the 127.2% Fibonacci extension from the AB swing, while the RSI near 37 indicates oversold conditions without confirming divergence. The 20-week EMA has declined for the first time this year, highlighting diminishing momentum, although the widening gap from price suggests a potential rebound.

Bitcoin Price Chart – Source: Tradingview

If buyers defend the $83,800 level, BTC could rebound towards $96,000–$99,000, where the broken trendline now serves as resistance. A bullish engulfing candle near support could signal the beginning of a recovery, while a drop below $83,000 would pose a risk of deeper losses towards $74,500.

This ABCD setup implies that Bitcoin may be nearing its final corrective leg before a potential relief rally.

Bitcoin Hyper: The Next Evolution of BTC on Solana?

Bitcoin Hyper ($HYPER) is introducing a new phase to the Bitcoin ecosystem. While BTC remains the benchmark for security, Bitcoin Hyper incorporates what it has always lacked: Solana-level speed. The outcome is rapid, low-cost smart contracts, decentralized applications, and even meme coin creation, all secured by Bitcoin.

Audited by Consult, the project emphasizes trust and scalability as adoption increases. The momentum is already significant, with the presale exceeding $27 million, and tokens priced at just $0.013265 before the next increase.

As Bitcoin activity rises and the demand for efficient BTC-based applications grows, Bitcoin Hyper distinguishes itself as the bridge connecting two of crypto’s largest ecosystems. If Bitcoin laid the groundwork, Bitcoin Hyper could enhance its speed, flexibility, and enjoyment.

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