{"id":37637,"date":"2025-11-03T18:10:32","date_gmt":"2025-11-03T18:10:32","guid":{"rendered":"https:\/\/financialrush.com\/?p=37637"},"modified":"2025-11-03T18:10:32","modified_gmt":"2025-11-03T18:10:32","slug":"bitcoin-price-analysis-bearish-signs-emerge-as-btc-breaks-below-crucial-support","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=37637","title":{"rendered":"Bitcoin Price Analysis: Bearish Signs Emerge as BTC Breaks Below Crucial Support"},"content":{"rendered":"

\n<\/p>\n

Bitcoin is on the verge of breaking below its crucial wedge pattern, likely indicating a bearish sentiment in the market. Nevertheless, the price is recharging within equilibrium, awaiting either institutional absorption or a deeper liquidity sweep before the next major expansion.<\/p>\n

Technical Analysis<\/h2>\n

By Shayan<\/p>\n

The Daily Chart<\/h3>\n

On the daily timeframe, Bitcoin has decisively broken below the 200-day MA of $109K, indicating a notable bearish sign.<\/p>\n

The market has repeatedly rebounded from the $103K\u2013$108K demand zone, suggesting that buyers are still active at these levels. Yet, the series of lower highs below $116K indicates ongoing pressure from the supply zone, keeping the price locked in an equilibrium range between $105K and $116K.<\/p>\n

This structure resembles a mid-range accumulation pattern, where liquidity is continuously recycled between buyers and sellers before a larger directional expansion.<\/p>\n

A decisive daily close back above the 200-day MA would mark a bear trap and false breakout, leading to a bullish structural shift toward $116K supply zone, while a breakdown below the $106K support could trigger a retest of the $102K\u2013$100K institutional demand block.<\/p>\n

<\/a><\/p>\n

The 4-Hour Chart<\/h3>\n

The 4-hour chart highlights the current ascending wedge formation, with BTC retesting the lower trendline near the $106K support zone.<\/p>\n

This area aligns with the bottom of the larger daily equilibrium range, making it a critical region to monitor for a potential rebound. A successful defense of this zone would likely set the stage for another retest of the $114K\u2013$116K resistance, while failure to hold could result in a sharper move toward the $102K demand region.<\/p>\n

Volume and liquidity metrics suggest that buyers remain cautious, waiting for clear confirmation before re-engaging aggressively.<\/p>\n

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On-Chain Analysis<\/h2>\n

The latest Exchange Reserve data reveals a crucial divergence between global and localized exchange trends.\u00a0While total Bitcoin reserves across all major exchanges have continued to decline, signaling long-term accumulation and reduced selling pressure, Binance\u2019s exchange reserves have notably increased in recent weeks.<\/p>\n

This discrepancy implies that while the broader market participants are moving coins into self-custody (a bullish long-term signal), short-term liquidity is building up on Binance, potentially representing increased trading activity or hedging by institutional participants.<\/p>\n

Historically, such inflows to a dominant exchange during consolidation phases often precede heightened volatility, as market makers position for the next major move.<\/p>\n

If this rising Binance reserve trend continues while total exchange reserves drop, it may point toward a pre-distribution or rebalancing phase before another accumulation-driven rally begins.<\/p>\n

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The post Bitcoin Price Analysis: Bearish Signs Emerge as BTC Breaks Below Crucial Support<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\n
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