NewsBTC
Nov 13, 2025
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Bitcoin Price Decline Continues Below $105K, Eyes on $100K Support

  • Bitcoin's price faces downward pressure after failing to surpass $105,500.
  • Currently trading below $105,000 and the 100 hourly SMA.
  • A bearish trend line with resistance at $103,300 on the BTC/USD hourly chart from Kraken data.
  • Further decline possible if Bitcoin trades below $101,200.

Price Analysis

  • Recent high was $107,400, followed by a decline below $105,000 and $104,000.
  • Price dipped under the 61.8% Fib retracement from $99,220 to $107,400.
  • Resistance levels at $102,500, $103,250, and $103,500.
  • If price exceeds $103,500, potential targets are $105,000 and $105,500.

Bitcoin Price

Potential for Further Losses

  • If unable to break $103,500 resistance, further declines expected.
  • Immediate support at $101,200; major support at $100,500 and $100,000.
  • Additional losses may lead to $98,800 and main support at $96,500.

Technical Indicators

  • Hourly MACD indicates increasing bearish momentum.
  • Hourly RSI is below 50, suggesting weaker buying strength.
  • Major supports: $101,200, $100,500.
  • Major resistances: $103,250, $103,500.