Technical analysis by FP Markets about Symbol BTC: Buy recommendation (11/5/2025)

Touching back in on BTC/USD, you can see that recent price action briefly dipped beneath US$100,000, with buyers currently defending the big figure. However, with November down 7.0%, and following the major Cryptocurrency pair trading under key support between US$104,866 and US$107,692 (1M levels) – which is now set as resistance – a dip lower could still be on the table to support between US$93,902 (3M) and US$97,578 (1M). This could also set up a whipsaw scenario, where price snaps under US$100,000, filling stops under the big number, and then rebounds from nearby support at US$93,902-US$97,578, as per the red arrows. Written by the FP Markets Research Team