Bitcoin plummeted on Tuesday, hitting a low of $102,422, having beforehand traded at $107,482.
On the time of writing, Bitcoin was down 0.23% up to now 24 hours to $104,880, however was up 2.80% for the week.
Bitcoin’s current value motion follows a lull available in the market throughout the October flash crash, with a bearish demise cross, which happens when the short-term transferring common MA 50 falls under the MA 200, anticipated to emerge within the coming days.
Enormous! ! !
4th Dying Cross is right here for $BTC
The final three marked a giant backside.
If historical past repeats itself, we’ll go even larger!!! 🔥 pic.twitter.com/lAfjtrs1Bf
— Kyle Chasse / DD🐸 (@Kylechasse) November 12, 2025
The every day MA50 is at the moment trending downward, rising the potential of a demise cross, which would be the second demise cross this yr after April.
If confirmed, this may be Bitcoin’s fourth demise cross since 2023, with the final three occurring in September 2023, August 2024, and April 2025, indicating weak momentum within the quick time period.
Important value ranges
The demise cross itself has confirmed to be unreliable, with the final three Bitcoin value bottoms in September 2023, August 2024, and April 2025. It stays to be seen whether or not historical past will repeat itself on this case.
Based on Glassnode, Bitcoin is at the moment priced at $104,880 and is buying and selling between cost-based quantiles of 0.85 and 0.75 ($108,500 and $100,600, respectively). Merchants are keeping track of these two ranges, which have traditionally acted as help and resistance, and a transparent breakout of both of those ranges will doubtless create the subsequent directional pattern.
If Bitcoin value breaks above short-term resistance close to $111,000 and $116,000, future volatility might enhance. These two ranges are additionally monitored.
That being stated, Bitcoin is at the moment buying and selling at an necessary inflection level. Market sentiment stays cautious, and there are indicators {that a} home backside could also be fashioned round $100,000. Within the medium time period, help may very well be discovered within the $100,000 to $108,000 vary.
