Technical analysis by TradeSelecter about Symbol BTC on 11/1/2025

Technical Analysis and Outlook: The trading session from last week was notably eventful. The Bitcoin market experienced significant volatility, fluctuating between the Mean Resistance level of 116,000 and the critical Mean Support level of 106,500. Currently, the price is actively navigating this range. Current market analysis indicates a likelihood of a retest toward the Mean Support level at 106,500, with a primary focus on the potential for further downward movement towards the Mean Support level of 101,000. This trajectory may ultimately lead to our key objective of reaching the Outer Coin Dip at 97,000. It is, however, essential to acknowledge the robust rebound potential at these pivotal levels.