$BTC Bitcoin recently hit a structural turning point: the market has largely finished a major deleveraging phase (notably in futures) which some analysts interpret as reducing risk of immediate large-drawdowns.

From a medium-term perspective, some bullish forecasts suggest significant upside: one big institution projects BTC could reach around $170,000 within the next 6–12 months.

Seasonality: historically November has been one of the stronger months for Bitcoin, although the average gain is more modest than some headlines suggest (median closer to ~8.8 %).

⚠️ What’s concerning

In recent sessions, Bitcoin has broken below key support zones and important moving averages (for example, the 200-day EMA near ~$108,000) which increases short-term risk.

The price is in a tight compression between roughly ~$100,000 and ~$116,000. This “squeeze” often precedes a strong move — but direction is uncertain.

Market sentiment remains cautious: institutional flows and macro-factors (interest rates, dollar strength) are weighing on crypto risk appetite.

🎯 Key levels to watch

Support zone: ~$100,000 – if convincingly broken, next downside targets might lie near ~$94,000 or even ~$84,000 in a worst-case scenario.

Resistance zone: ~$116,000 and above. A break above that could open the door to ~$140,000+ in a stronger rally.

Neutral build-up: So long as price remains trapped between support and resistance, expect low volatility and building tension. The breakout direction will matter.$BTC

#ADPJobsSurge #BinanceHODLerSAPIEN #BinanceHODLerMMT #PrivacyCoinSurge #CryptoScamSurge