Bitcoin Encounters Significant Selling Pressure in the U.S., Analysts Caution About Prolonged Correction

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Nov 05 2025

BTC+2.686%

F+16.456%

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Current Market Situation: Bitcoin has dropped below $110,000, facing significant selling pressure from U.S. investors, which analysts attribute to fading optimism for interest rate cuts and a deteriorating market sentiment.
Technical Indicators: Analysts warn of a bearish trend as Bitcoin breaks below its 200-day moving average, indicating potential for further declines, with support levels identified around $94,200.
Historical Context: Some market observers recall a similar sell-off in November 2024, which was followed by a strong rally, suggesting that the current downturn could be a necessary reset before a potential recovery.
Future Outlook: Despite the current correction, some analysts maintain a cautiously optimistic view, predicting that Bitcoin may consolidate before a renewed upward movement, with expectations of reaching $150,000 by year-end.

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Technical Analysis for BTC

Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Bitcoin (BTC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	36443.785	48221.893	61179.535	72957.643	85915.285	97693.393	110651.035
Fibonacci	48221.893	57670.949	63508.586	72957.643	82406.699	88244.336	97693.393

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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