Technical analysis by crypt0_90 about Symbol BTC on 11/5/2025

BTCUSD Bitcoin has reacted positively from a major demand zone, showing a clear rejection of further downside pressure. While the selling momentum has weakened, bullish conviction remains limited as buying volume has not yet expanded significantly. A sustained hold above $103,000 may allow price to progress toward the $104,000 resistance—considered a key inflection level for the next directional move. A confirmed breakout above $104,000, supported by strong volume and clear positive momentum, would likely trigger a continuation toward the following upside targets: •$107,000 •$109,000 •$111,000 Such a breakout could also relieve pressure on altcoins, potentially marking the beginning of a new bullish leg and paving the way for Bitcoin to print a final cycle high. On the other hand: •Failure to maintain levels above $104,000 would signal weakness and increase the probability of a retracement back toward $101,000–$98,000. •A breakdown below $98,000 exposes the market to $94,000–$92,000, a strong confluence zone formed by: ✅ extension of a previous corrective wave ✅ significant historical demand ✅ alignment with the ascending trendline originating from the $15,000 low This region is expected to provide a strong bullish reaction, as long as price does not consolidate below it or print weekly closes in that area—an outcome that remains unlikely at this stage. For now, price action within the current levels will determine whether momentum shifts toward continuation or deeper correction. We wait for confirmation. ⏳