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Bitcoin is hovering around $101,800 after a steady decline pushed it below the October 10th low. This level is being watched by market analysts as it matches an earlier area where liquidity was absorbed.<\/p>\n
With selling pressure increasing and market activity rising, this point could play an important role in what happens next.<\/p>\n
Bitcoin has seen a drop of over 10% in the last seven days. It is now trading just above $100,000, near a zone that some consider critical. Analyst Micha\u00ebl van de Poppe said he is watching to see what happens \u201cwhen Bitcoin takes the liquidity from the October 10th crash.<\/em>\u201d He pointed out that this could lead to a bounce or mark the start of a bottoming phase.<\/p>\n Really keen to be seeing what\u2019s happening when #Bitcoin<\/a> takes the liquidity form the October 10th crash.<\/p>\n That should be a key point for potential bounces\/bottom formations.<\/p>\n Disastrous start of the month.<\/p>\n $112K remains the crucial level for any new ATH attempt. pic.twitter.com\/x6fDoQBTIk<\/a><\/p>\n \u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) November 4, 2025<\/a><\/p>\n<\/blockquote>\n Notably, the price has moved between $99,000 and $104,500 in the past 24 hours (CoinGecko data). Its all-time high remains at $126,080, which it hit 30 days ago. Van de Poppe also noted that a move back to $112,000 would be needed before any serious talk of a new high can begin.<\/p>\n Analyst Ali Martinez stated<\/a>, \u201cBitcoin could rebound here to at least $106,500 or $112,000<\/em>.\u201d The support zone around $100,000 has acted as a base before and may do so again if selling slows.<\/p>\n Based on his chart, there are two likely paths: a quick rebound or a small dip before recovering. In both, the first target sits around $106,500.<\/p>\n Another analyst, CryptoBull_360, stated<\/a> that Bitcoin has broken out of an ascending wedge pattern with strong volume. He noted that the price is still trading above the 50-day moving average, which is acting as support.<\/p>\n \u201cThe price is expected to retest the breakout level, and a break below the 50-day moving average could trigger further declines,\u201d he said.<\/p>\n<\/blockquote>\n Not all signals point to recovery. Analyst Ted pointed to two areas with large liquidity: around $90,000 and near $126,000. He warned that \u201ca dump to fill the CME gap before reversal could happen<\/em>.\u201d The option market is showing smaller moves, which often means traders are unsure and staying out for now.<\/p>\n Reports also show<\/a> that recent buying has not gained much strength. Self-custody is rising, but buyers aren\u2019t stepping in with enough volume. Meanwhile, treasury firm Sequans Communications sold 970 BTC, cutting its holdings by nearly one-third. The firm used the sale to reduce its debt from $189 million to $94.5 million.<\/p>\n So far, the zone between $100,000 and $102,000 is holding, but pressure remains. Whale wallets sold off $272 million worth of Bitcoin, as previously reported<\/a>. If that trend continues, bulls may struggle to defend current levels.<\/p>\n The $112,000 mark remains a key area for any larger recovery. Until that point is regained, Bitcoin may stay in a holding pattern.<\/p>\n The post Crypto Panic or Buying Opportunity? Bitcoin (BTC) Hits Key Zone<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\n
Bullish Signals and Recovery Scenarios<\/h2>\n
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Bearish Pressure and Liquidity Risks Remain<\/h2>\n
![<\/a>Source: Ali Martinez\/X<\/figcaption><\/figure>\nAnother analyst, CryptoBull_360, stated<\/a> that Bitcoin has broken out of an ascending wedge pattern with strong volume. He noted that the price is still trading above the 50-day moving average, which is acting as support.<\/p>\n\n\u201cThe price is expected to retest the breakout level, and a break below the 50-day moving average could trigger further declines,\u201d he said.<\/p>\n<\/blockquote>\nBearish Pressure and Liquidity Risks Remain<\/h2>\nNot all signals point to recovery. Analyst Ted pointed to two areas with large liquidity: around $90,000 and near $126,000. He warned that \u201ca dump to fill the CME gap before reversal could happen<\/em>.\u201d The option market is showing smaller moves, which often means traders are unsure and staying out for now.<\/p>\nReports also show<\/a> that recent buying has not gained much strength. Self-custody is rising, but buyers aren\u2019t stepping in with enough volume. Meanwhile, treasury firm Sequans Communications sold 970 BTC, cutting its holdings by nearly one-third. The firm used the sale to reduce its debt from $189 million to $94.5 million.<\/p>\nSo far, the zone between $100,000 and $102,000 is holding, but pressure remains. Whale wallets sold off $272 million worth of Bitcoin, as previously reported<\/a>. If that trend continues, bulls may struggle to defend current levels.<\/p>\nThe $112,000 mark remains a key area for any larger recovery. Until that point is regained, Bitcoin may stay in a holding pattern.<\/p>\nThe post Crypto Panic or Buying Opportunity? Bitcoin (BTC) Hits Key Zone<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/11\/G47WSyrXAAAcQgP.jpeg\"){kind=link}