Technical analysis by TotoshkaTrades about Symbol BTC on 11/21/2025

Bitcoin trades in the 85,500–86,000 area, moving steadily toward the key weekly MA100 around 83,200 - the primary dynamic support of this cycle and the level where prior corrections have consistently formed bullish reactions. As long as price respects the lower boundary of the rising channel, BTC maintains a controlled corrective structure: liquidity is being taken below local lows, setting up the conditions for a rebound into the major 104–109K supply zone. This area remains the central mid-term target for recovery, aligning with the 0.5–0.618 Fibonacci cluster, the upper boundary of the previous distribution range and the zone of prior large-scale selling. Fundamentally as of November 21, the market is shifting from euphoria into redistribution: ETF and institutional flows have slowed, large holders are taking profits, and a strong dollar alongside elevated real rates is pressuring risk assets. Network strength remains intact - hashrate near all-time highs and miners still expanding capacity - even though their margins are tightening. This is a typical late-stage cycle environment: short-term downside pressure with long-term trend strength preserved. As long as BTC has not yet touched the MA100, the base scenario remains a dip into 83K followed by a rebound toward 104–109K. A breakout above 110K restores bullish continuation, while a loss of 80K accelerates the move toward 70–75K and the weekly MA200. This correction is not the end of the cycle - it’s a cooling phase after an overheated expansion. Bitcoin does what it always does: terrifies everyone near MA100, then moves exactly when most have given up waiting.