Nov 3, 2025
4 0
Bitcoin Price Declines Below $109,000 Amid Bearish Trend
Bitcoin price is experiencing a decline below $110,000. BTC may continue downward if it remains under the $110,000 resistance.
- Bitcoin dropped below the $109,500 support level.
- Trading occurs below $109,000 and the 100 hourly Simple Moving Average.
- A bearish trend line forms with resistance at $109,800 on the BTC/USD hourly chart.
- The price might further decline if it trades below the $107,400 zone.
Resistance and Support Levels
- Initial resistance is near $109,500 and the trend line at $109,800.
- Next resistance levels are $110,500 and potentially $111,200 if surpassed.
- Further gains could see resistance at $113,500, $115,000, and $115,500.
- Immediate support lies near $107,400, followed by $106,500.
- Additional support zones include $105,500 and $104,200, with major support at $103,500.
Technical Indicators
- Hourly MACD indicates a bearish momentum.
- Hourly RSI for BTC/USD is below 50.
- Major Support Levels: $107,400 and $106,500.
- Major Resistance Levels: $109,800 and $110,500.
