Technical analysis by Eldric_Morran about Symbol BTC: Buy recommendation (11/8/2025)

Bitcoin price is currently moving around the $100,700 support area, where the price has shown repeated positive interactions during recent sessions. The selling pressure appears to have dissipated, and the market is starting to show signs of selling absorption, indicating a possible recovery soon. The current price structure shows that a short-term consolidation phase is forming, with a clear appearance of the inverted shoulder-head-shoulder pattern on the 4-hour time frame. If the price continues to hold above this area, I expect Bitcoin to bounce to test the resistance at $110,600, an area where previous highs intersect with a strong supply zone. When this resistance is successfully breached, the upward trend will be confirmed, which may open the way for a medium-term recovery phase, targeting the $115,000 area in the next phase.