Bitcoin's big loss, whale buying, and catalysts for it to move higher

Market Trends & Analysis - Bitcoin briefly fell below $100,000 this week [2] - 10X Research predicted Bitcoin prices could fall to $100,000 back in October [2] - The firm predicts Bitcoin could fall further in the near term, potentially into the $70,000s if it breaks below $93,000 [3][8] - Bitcoin is heading for a 9% decline this week, its worst week since March [5] - Long-term Bitcoin holders have been selling since the summer, accelerating in the last month [6] - Strategists point to 400,000 Bitcoin sold by long-term holders in the past month [11] - Compass Point noted long net sales from long-term holders exceeded 1 million Bitcoin since June 30th [12] - Bitcoin is down 20% from its highs, with selling across the cryptocurrency board [10][18] - Bitcoin has declined about 15% over the last month [19] Potential Catalysts - Potential catalysts that could drive Bitcoin higher include a Fed rate cut in December, a regime change at the Fed, and the government reopening [4][9] - Liquidity is important to Bitcoin, and the government reopening could be a tailwind [16][17]