NewsBTC
Nov 10, 2025
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Bitcoin Price Recovers 3% Amid Resistance at $106,500

Bitcoin Price Update

  • Bitcoin is recovering above $103,500, trading at approximately $104,500, and surpassing the 100 hourly Simple Moving Average.
  • There was a break above a bearish trend line with resistance at $102,000 on the BTC/USD hourly chart.
  • The price reached a high of $106,593 but is now consolidating above the 23.6% Fib retracement level from the swing low of $99,222 to the high of $106,593.
  • Key resistance levels are at $106,000 and $106,500; surpassing these could push the price towards $107,500 and potentially $109,200.

Bitcoin Price

Potential Decline

  • If unable to exceed $106,500, Bitcoin may decline with immediate support at $104,850 and major support at $104,200.
  • Further losses might lead the price to the $102,900 support area, with main support at $102,500.

Technical Indicators

  • Hourly MACD: Bullish momentum is increasing.
  • Hourly RSI: Above 50, indicating bullish strength.
  • Major Support Levels: $104,850, $104,200.
  • Major Resistance Levels: $106,000, $106,500.