Market Analysis
Bitcoin has recently struggled to surpass the significant milestone of 124,000, reflecting a slight market weakness and a cautious sentiment among investors. Despite the Federal Reserve’s interest rate cuts, Bitcoin’s price has not exhibited a notable upward momentum, suggesting the presence of short-term selling pressure.
An analysis of the past five days reveals considerable price volatility accompanied by unstable market sentiment. On November 8, Bitcoin opened at 103,339 and closed lower at 102,312, indicating a decline throughout the day. The Relative Strength Index (RSI) stood at 34.88, well below the neutral 50 level, signaling a bearish trend. Similarly, the Money Flow Index (MFI) hovered around 38, reflecting imbalance in buying and selling activity. The Fear & Greed Index registered at 20, pointing to a fearful market mood, though not an extreme level. Trading volume and the number of trades remained subdued, suggesting a lack of strong market interest.
The situation improved slightly on November 9 and 10, with prices reaching highs of 105,495 and 106,670 and closing at 104,722 and 106,011, respectively. The RSI climbed to 50.51, indicating moderate strength, while the MFI held steady near 38, implying limited capital inflow. The Fear & Greed Index showed marginal improvement, reflecting a slight easing of market apprehension. Notably, trading volume and activity increased, signaling renewed interest in Bitcoin. The Hull Moving Averages (HMA) for 7 and 14 days also pointed to positive momentum, particularly on November 10, when the 7-day HMA reached 105,418, close to the price, suggesting a potential short-term upward trend.
However, on November 11 and 12, Bitcoin faced renewed downward pressure, closing near 103,058 and 101,654. Both RSI and MFI declined, underscoring weakening momentum. The Fear & Greed Index remained low at 26 and 24, maintaining a cautious market stance. Volume and trade counts decreased, indicating lingering uncertainty. According to Bollinger Bands, the price moved toward the lower band, approaching an oversold condition, though it did not fully touch it. The 7-day and 14-day HMAs also trended downward, reinforcing the short-term bearish outlook.
Regarding support and resistance levels, the zone between 101,508 and 99,950 is acting as the primary support (S1), close to recent prices. If this level is breached, the next support range (S2) lies between 96,945 and 90,056. Resistance is encountered between 103,261 and 104,550, which could hinder upward movement in the near term. Beyond that, the resistance zone (R2) ranges from 105,857 to 106,457, near previous highs. Psychological levels at 100,000 (support) and 110,000 (resistance) also play critical roles. Given the prevailing fear in the market, support levels may weaken, increasing the risk of further declines.
Overall, Bitcoin’s current outlook is dominated by short-term pressure and cautious sentiment, while medium- to long-term trends remain uncertain. Despite the Federal Reserve’s rate reductions, clear upward momentum has not materialized, reflecting investors’ prudence. Both technical indicators and market sentiment suggest that Bitcoin could move downward at any time, though strong support levels might help stabilize prices. Investors are advised to monitor developments closely and avoid hasty decisions.
Data Summary
- 1. Time:
2025-11-13 – 00:00 UTC - 2. Prices:
Open: 103059.00000000High: 105333.33000000Low: 100813.59000000Close: 101654.37000000
- 8. Supports:
S1: 101508.68000000 – 99950.77000000S2: 96945.63000000 – 90056.17000000S3: 89855.99000000 – 87325.59000000S4: 84474.7 – 83949.5
- 9. Resistances:
R1: 103261.60000000 – 104550.33000000R2: 105857.99000000 – 106457.44000000R3: 108816.33000000 – 109450.07000000R4: 116789 – 117544
- 10. Psychological Support:
100000.00000000
- 11. Psychological Resistance:
110000.00000000
- 3. Last 5 days’ closing prices:
2025-11-08: 102312.940000002025-11-09: 104722.960000002025-11-10: 106011.130000002025-11-11: 103058.990000002025-11-12: 101654.37000000
- 4. Volume:
BTC: 20457.6391USD: $2108514405.2609
- 5. Number of trades:
5314132
- 6. Indicators:
RSI: 36.5100MFI: 37.6100BB Upper: 116021.36000000BB Lower: 98959.28000000
- 7. Moving Averages:
SMA:7=103206.5000000014=105212.9000000021=107490.3200000030=107931.3000000050=111394.56000000100=112691.99000000200=109660.74000000EMA:
7=103650.8000000014=105144.5400000021=106460.5900000030=107783.2800000050=109602.37000000100=110627.36000000200=107462.89000000HMA:
7=103171.0000000014=102836.8200000021=101404.3900000030=102588.4200000050=104004.89000000100=108211.36000000200=112434.97000000 - 12. Funding Rate:
0.0058%
- 13. Open Interest:
85642.4650
- 14. Fear & Greed Index:
24 (Extreme Fear)
Disclaimer: This market analysis is generated by AI based on historical BTC data and sentiment indicators. Use it as a reference, not financial advice.