Technical analysis by Beyoglu_Analyst about Symbol BTC: Buy recommendation (11/2/2025)

Bitcoin is making a pullback from the key psychological support level of $107,350. Bitcoin has break above the resistance price of $110,550 and made a high today at $111,045. At the time of writing this on Sunday BTC is trading at $110,693. Bitcoin Can extend the pump $114K if it will make a daily close above $110,550. However the day close below $110,550 can take down the price to $107K. Relative Strength Index RSI is at 47 below the neutral level of 50 aiming upward indicating the the bearish momentum is slowly fading away. Moving Average Convergence Divergence MACD is also making a pullback from the orange line indicating the momentum is being shift from bearish to bullish.