Bitcoin's $107K Resistance Holds as Bulls Lose Ground

As of November 11, 2025, Bitcoin's price hovers at $104,547, revealing the cryptocurrency's ongoing struggle against significant market challenges. With a market cap resting at a formidable $2.08 trillion and 24-hour trading volumes reaching $70.93 billion, Bitcoin lives within a fluctuating range that reflects its volatility. Traders remain alert as the digital currency moves between $104,382 and $107,465, navigating essential technical thresholds like an intricate crypto dance. Observing the daily chart, Bitcoin faces a persistent bearish trend forming a sequence of lower highs and lower lows since its apex of $125,235. This bearish momentum is underscored by a noticeable disparity in trading volume, where fleeting green candles contrast sharply against much more substantial red candles, indicating a notable absence of buying energy.

Short-Term Struggles and Support Levels

On closer inspection of the four-hour chart, Bitcoin exhibits great recovery thwarted by a formidable ceiling. After bouncing from $99,192 to a daily peak of $107,465, the cryptocurrency met robust resistance, akin to an entry block at an exclusive venue. Despite this, the $99,000 support standing firm showcases a reinforced defensive layer following multiple successful rebounds. Maintaining a position above $106,000 with measurable volume could adjust market sentiment positively, while a slip below $103,000 might catalyze yet another drive towards the dependable $99,000 support line.

Delving into the one-hour assessment, Bitcoin's short-term market posture is characterized by volatile movements. The cryptocurrency advanced to $107,465 briefly before retreating, settling with $104,382 as a temporary support range. Volume fluctuations are ambiguous, with red candles exerting pressure, yet no definitive trend prevails. If Bitcoin sustains its momentum above $104,400, it could venture towards the $106,500-$107,000 zone. Conversely, if it falters below $104,000, it risks a rapid descent to revisit the $102,500-$103,000 bracket.

Technical Indicators and Market Sentiment

Technical indicators reveal a market grappling for direction. Oscillators like the Relative Strength Index (RSI) at 43 and stochastic position at 37 foster a neutral stance. The Commodity Channel Index (CCI) records −44, emphasizing a lackluster momentum, while the Average Directional Index (ADX) at 25 indicates an inadequate directional strength. Additional insights from the Awesome Oscillator, languishing at −5630, and the Momentum Indicator at −5538, highlight a deficient drive within the market. Even the Moving Average Convergence Divergence (MACD) at −2314 accentuates the prevailing apathy. Moving averages, specifically EMAs ranging from 10 to 200 periods and SMAs from 20 periods onward, suggest a general downward trajectory, counteracting any sustainable upward price movement. The modest optimism stemming from the 10-period SMA stands alone against the 50, 100, and 200-period indicators, steadfast in a downward pattern. For Bitcoin to rejuvenate its ascent above the resistance-packed threshold, a concrete breakthrough is vital.

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