The Crucial Resistance That Will Decide Bitcoin’s Next Major Move

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Ah, Bitcoin-our beloved digital enigma-currently languishing near the modest sum of $105,000, after dramatically plummeting below the $107,000 support level. A support, mind you, that had been unwavering since April 2025, only to be transformed into an elusive resistance in this recent downturn. Truly, the drama of it all! 😏

The market, ever the patient spectator, is now fixated on this very level, as our dear cryptocurrency hero attempts to rise from its ashes. And of course, what could possibly aid this noble struggle? Why, none other than the renewed optimism surrounding the U.S. government’s miraculous avoidance of a shutdown-because nothing says ‘market confidence’ like bureaucratic survival! 🎭

Technical Resistance at $107K – The Modern Tragedy

According to Daan Crypto Trades (a name that rings with the solemnity of a Greek chorus), Bitcoin has lost both the 200-day moving average (MA) and the 200-day exponential moving average (EMA)-those stalwart guardians of bullish hope. For months they had stood strong, only to be lost like a misplaced love letter. And now, these indicators conspire near the $107,000 mark, transforming it into a veritable fortress of resistance.

Alas, the current trend is most certainly down, with Bitcoin dwelling beneath these once-reliable averages. A recent attempt to reclaim the coveted $107,000 was met with the cold indifference of rejection. A true love story gone awry. Until, of course, Bitcoin manages to break and hold above this level, the downward pressure shall continue to haunt us. 🙄

However, fear not, for on the grander stage, the structural support remains quite intact. Crypto Patel, in all his wisdom, observed that Bitcoin closed the weekly candle above the 50-week EMA. This level has steadfastly provided support since 2023, a time of simpler joys and fewer digital crises. The fortitude of this support is unquestionable, having been tested time and again without faltering. Ah, the power of persistence! 💪

In addition, the chart presents a tantalizing unfilled fair value gap (FVG) around $90,000. Previous gaps, like empty promises, have been filled during the uptrend-but this one remains open, a tempting morsel just out of reach. As Crypto Patel eloquently put it:

#Bitcoin bulls keep control once again. $BTC closed the Weekly Candle above key support and the EMA50: Critical Bullish Structure.

As long as BTC holds above the 50EMA, Momentum remains strong with unfilled FVG below fueling liquidity buildup.

– Crypto Patel (@CryptoPatel) November 11, 2025

Liquidity Levels and Short-Term Moves – A Dance of Shadows

And now, we enter the realm of liquidity-where all the intrigue unfolds. Bull Bear Spot reported that BTC has already cleared much of the liquidity above the current levels. But, lo and behold, the area below $104,950 is still alive with activity, potentially luring Bitcoin down into its grasp. What could be the outcome? Ah, the suspense! 😜

“Will BTC go to that price zone to take the liquidity?” the post ponders. A most pressing question, indeed.

Meanwhile, Ted, ever the observer of patterns, noted that Bitcoin has a rather curious habit of peaking on Mondays and bottoming out on Tuesdays. How quaint! He also pointed out a CME gap around $104,000, which, like a forgotten treasure, remains unfilled. Will this gap too be filled? The drama continues…

Long-Term Signals and Market Timing – The Oracle Speaks

In a prophetic video, Ali Martinez shared that previous Bitcoin cycles peaked exactly 1,064 days after major bottoms. And what do we find? The recent high of $126,000 occurred precisely 1,064 days after the low in November 2022. Could this be the sign of a market top? Or perhaps, a mere coincidence in the grand tapestry of time? As always, only time will reveal the truth.

Doctor Profit, ever the pragmatist, reminded us that Bitcoin is currently flirting with the fabled “Golden Line” at $99,200, a line that has held since March 2023. ETF data, meanwhile, paints a picture of waning institutional activity, with weekly outflows marking the end of an era. Will Bitcoin continue to dance on this line, or will it tumble into the abyss? 🎩

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2025-11-11 14:42