Technical analysis by FP Markets about Symbol BTC: Sell recommendation (11/4/2025)

Following a 4.6% fall in October, November is already down by 5.2%, with today’s movement dipping a toe under key support between US$104,866 and US$107,692 (1M levels). This follows a rejection of resistance at US$116,344-US$114,530 (composed of 1M and 1W levels), and suggests the major cryptocurrency is headed back under US$100,000. Below US$104,866-US$107,692, which could serve as resistance soon, limited support is evident until between US$93,902 (3M) and US$97,578 (1M). Therefore, further bearish scenarios could soon unfold. Written by the FP Markets Research Team