Technical analysis by Eldric_Morran about Symbol BTC: Sell recommendation (11/5/2025)

This is no longer just a normal corrective move, this time Bitcoin made the whole market hold its breath. After many months of stability above the $100,000 barrier, the psychological wall finally broke, beginning a new phase in which only those with nerves of steel dare to remain. The reason is clear: “whales” – those who control the rhythm of the market – liquidated positions worth more than $45 billion, unleashing a massive liquidation wave that swept the crypto world like a domino effect. Meanwhile, expectations of an interest rate cut by the Federal Reserve in December gradually began to fade, with capital flowing towards the safe-haven US dollar, increasing pressure on weak digital assets. On the technical chart, Bitcoin appears trapped inside a descending triangle, like a monster backed into a corner. The downtrend line extending from the August highs is like an invisible rope restricting every timid rebound attempt around the $107,600 level – where sellers still remain coolly in control. If this scenario continues, the price could slide towards the $92,600 area, where there is a layer of old liquidity and defensive buyers waiting anxiously. However, if this barrier is broken, the market will no longer remain a battleground... but rather a long slope towards true panic.