Nov 5, 2025
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Bitcoin Retests $100,000 Support Amid 6% Daily Decline
Bitcoin is currently testing the $100,000 support level after a 9% drop from its weekly opening. It had been trading between $108,000 and $120,000 since late June but fell to $102,000 in early October before partially recovering.
Key Points
- The price retest of $100,000 is crucial, with some analysts suggesting it's a critical moment for BTC's future trajectory.
- Significant liquidity clusters are identified at $90,000 and near the all-time high at $126,000.
- A potential rebound of 5%-11% could occur if Bitcoin holds its current range, potentially pushing it to $106,500 or $112,000.
- The 50-week EMA, around $100,000, is essential for maintaining the current price range. A breakdown below $108,000 could jeopardize this support level.
- Analysts caution that losing the 50-week EMA could lead to further declines, while holding it may spark a recovery in Q4.
As of now, Bitcoin trades at $100,356, reflecting a 6% daily decline.
