Technical analysis by jonnieking about Symbol BTC on 11/4/2025

We had a similar setup at the end of September of 2021 where BTC then rallied a week later ~75% over the next few weeks. However, every other time this bearish cross occurred in the past, ₿itcoin has spent at least a couple months trying to reclaim the 200DMA. Currently PA has closed the Day below the 200DMA. Bulls CANNOT afford a Weekly close below $106k, which is well outside the DANGER ZONE and .382 Fib GOOD NEWS: An Inverse Head & Shoulders pattern has formed. Bulls need some big volume days to come reverse the localized downtrend ASAP. If not, the 50WMA will be tested ~$103k. If that happens, Bulls must not show any weakness nor allow Weekly Closes below it.