Bitcoin (BTC) threatened with another drop? Here’s the technical analysis & impact on investors!

Jakarta, Pintu News – Bitcoin (BTC) is currently facing a tough challenge below the $105,000 level, with indications that the price decline may continue. After failing to maintain support above $105,000, Bitcoin (BTC) experienced a sharp decline that brought it into the bearish zone. Now, the cryptocurrency is struggling to get back on an upward path, but the obstacles appear to be strong and may hinder the price recovery.

Bitcoin Price Resistance

Bitcoin (BTC) experienced a significant drop after being unable to hold above the $105,000 support level. The price briefly fell below $103,500 and $102,000, showing that bears are still dominating the market. The decline even reached below the critical $100,000 support, with the lowest price recorded at $98,900 before finally attempting a recovery.

However, this recovery attempt was hampered near the $104,000 level, where the bears again showed their strength. Despite the bearish trend break on the hourly chart, Bitcoin (BTC) is still trading below $104,000 and its hourly simple moving average. If the next recovery attempt fails to break this resistance, further downside potential is highly likely.

Also Read: XRP’s Drastic Decline: Is It the Right Time to Buy?

Continued Downside Risk

If Bitcoin (BTC) is unable to break through the $104,000 resistance zone, it will most likely continue to decline. Immediate support is near the $102,150 level, and if the price continues to fall, the next major support is at $100,500. A further drop could take Bitcoin (BTC) back to the $100,000 zone, which if it doesn’t hold, the price could fall to critical support at $98,800.

Key support is at $97,500, where if the price falls below this, a recovery in the short term may be difficult. Current technical indicators also favor a bearish view, with the hourly MACD showing increasing bearish momentum and the RSI being below the 50 level.

Technical Analysis and its Impact on Investors

From a technical analysis perspective, the current situation suggests that investors should be cautious. A break above $105,000 could bring renewed hope with the next target at $106,500 and the potential to reach $107,500. However, failure to achieve this could worsen the existing bearish conditions.

Investors and traders should monitor the mentioned support and resistance levels to make informed investment decisions. Understanding these dynamics is important to avoid huge losses and capitalize on the potential upside that may occur if market conditions change.

Conclusion

Under current market conditions, Bitcoin (BTC) is showing more bearish signals than bullish ones. Investors should be vigilant and consider effective risk management strategies to deal with possible volatility. Monitoring technical indicators and key price levels will be crucial in the coming days and weeks.

Also Read: Dogecoin’s Drastic Drop in Early November 2025: What Should Investors Know?

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. Bitcoin Recovery Lacks Conviction, $105K Crucial For Fresh Increase. Accessed on November 7, 2025