It is now trading around the $100,000-$110,000 zone. FXStreet+2FOREX24.PRO+2
Key support zone is between $98,000-$100,000; if broken, a fall toward the $90,000 or lower region is seen as possible. FXStreet+2FXEmpire+2
Resistance remains near the ~$116,000 area (previous all-time high). BTCC+2FOREX24.PRO+2
📊 Technical & Sentiment Highlights
The market has entered a compression phase (low volatility) between the above support and resistance — this often precedes a significant move. BTCC+1
On-chain and derivatives data suggests deleveraging has taken place, which could reduce downside risk from forced liquidations. MarketWatch
Seasonality: Historically November has been strong for Bitcoin (average ~42% gain), but the median is closer to ~8.8% — so higher gains are possible but not guaranteed. CoinDesk
🎯 Potential Scenarios
Bullish scenario:
If Bitcoin breaks above resistance around ~$116,000, it could target ~$140,000 or more, as some analysts suggest. Brave New Coin+1
Support holding and renewed buying could trigger upward momentum.
Bearish scenario:
If support near ~$98,000-$100,000 fails, look for possible decline into the ~$90,000 range or even ~$84,000 in a worse case. DailyForex+1
Weak market sentiment and macro headwinds (e.g., interest rates, regulatory issues) could amplify downside. Finance Magnates+1
✅ What to Monitor
Break or hold of the $98K-$100K support zone.
A clear breakout above $116K resistance.
Macro factors: U.S. interest rate policy, inflation, institutional flows.
On-chain signals: leverage, futures open interest, wallet flows.
Sentiment shifts: are buyers stepping in or is fear dominant?
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