[LIVE] Bitcoin Price Tracker: BTC Crashes Below Key Supports as Global M2 Hits Record Highs — What Happens Next?

Bitcoin’s price action has entered a critical phase this week, breaking below $100,000 for the first time in months despite a record surge in global ￰0￱ of November 5, BTC trades near $104,000 , even as the U. S. M2 money supply climbed to $22.21 trillion and global M2 reached $95.8 trillion , a divergence from their previously tight ￰1￱ cite ￰2￱ behavior, long-term holder distribution, and Bitcoin’s rising 85% correlation with the NASDAQ as key drivers, along with miners increasingly shifting resources from Bitcoin hashing to AI ￰3￱ data paints a more concerning ￰4￱ has now fallen below its 365-day moving average (~$102K) — a level that acted as the “last line of defense” before the 2022 bear market fully ￰5￱ firm’s Bull Score Index has hit zero for the first time since June 2022, indicating extremely weak ￰6￱ BTC fails to reclaim the $100K band quickly, the Traders’ Realized Price model suggests a potential slide toward $72K within 1–2 ￰7￱ a network-valuation lens based on Metcalfe’s Law, the next major support sits around $91K , a level Bitcoin hovered near from late 2024 to mid-2025.

On-chain data reveals mounting psychological ￰8￱ one-third of all Bitcoin in circulation is now held at a loss , indicating that pressure is shifting from new entrants to broader segments of the market.