Bitcoin and Ethereum: Is the Decline Continuing?

On November 14, the so-called "Trump Pump" ended, and investors began to question how much further Bitcoin and Ethereum might drop. After Donald Trump's victory in the November 6 elections, the market capitalization of the BTC-ETF dropped to $55.9 billion, while the ETH-ETF declined to $9.7 billion, signaling the end of the bull rally.

As of November 13, Bitcoin had fallen to $86,693, but support at $87,712 is holding the price for now. It is expected that BTC could drop to $84,000, but it is unlikely to fall below $82,900. For Ethereum, the situation is worse: after dropping to $3,018, the coin might fall below $3,000, but the 50% Fibonacci level at $2,927 will likely halt further declines.

Despite this, analysts argue that demand for Bitcoin remains strong, which could support its price