$BTC recently breached its 200-day moving average near $108,000, which many view as a bearish technical signal.

The support zone around $104,000-$106,000 is being tested repeatedly. Analysts see this as a critical hinge: holding it could allow upside; losing it could open deeper declines.

Volatility remains elevated. Price swings larger than typical for more mature assets.

On the positive side, some major institutions (e.g., JPMorgan Chase & Co.) see significant upside for Bitcoin, suggesting it may be undervalued relative to other assets (e.g., gold) on a volatility-adjusted basis.

Seasonality: November historically is a strong month for BTC, but the median gains are modest compared to hype (~8.8% vs often cited 42.5%).

BTC

87,143.15

+0.12%