Haneef Abbas-553403650

#$BTC #Crypto #Bitcoin
#Overview
Bitcoin (BTC), the pioneer cryptocurrency, remains the market leader with a current market capitalization exceeding $1.96 trillion. As of today, BTC is trading around $98,500, following a volatile period marked by a new all-time high (ATH) of approximately $126,080 on October 6, 2025. This notes provide a comprehensive chart analysis based on recent data, focusing on price trends, technical indicators, and potential opportunities for gains. Remember, crypto markets are highly volatile—always conduct your own research (DYOR) and consider risk management. These are observations, not financial advice.
## Current Market Status
- Price: ~$98,354 - $98,499 (slight variance due to real-time name
- 24-Hour Change: +3.1% (indicating a mild recovery after recent dips).
- 24-Hour Volume: ~$89.65 billion, showing sustained trading interest.
- Market Sentiment: Bullish community outlook, but technicals suggest caution with oversold conditions.
Recent news like ETF outflows and waning futures demand contribute to short-term pressure.
# Historical Price Analysis (Last 30 Days)
Examining the 1-month chart reveals a sharp rally followed by a correction. BTC surged from ~$107,679 on October 23 to peaks above $114,000 by late October, then corrected amid broader market volatility. Key highlights from daily closes:
- Early October (Oct 16-23): Steady climb from $108,186 to $110,070, with highs testing $111,991. This period showed bullish momentum, supported by volumes over $80 billion on breakout days.
- Late October Peak (Oct 24-31): Price pushed to $114,472 on Oct 26, closing at $109,556 on Oct 31. 24h volumes averaged $50-100 billion, indicating strong buyer interest.
- Early November Dip (Nov 1-6): From $110,064 open on Nov 1, it dipped to $101,301 close on Nov 6, with a low of $98,990 on Nov 5—first signs of correction post-ATH.
- Mid-November Volatility (Nov 7-13): Recovered briefly to $105,997 on Nov 10, but faced rejection, closing at $98,499 on Nov 13 after hitting a low of $98,425. This represents a ~20% drop from the ATH mentioned in reports.
Trend Summary:
- 7-Day (Past Week): +3.3%, but dominated by downside from $103,372 (Nov 7 close) to current levels.
- 30-Day (Past Month): +12.8%, reflecting the pre-correction rally.
- 1-Year: +6.4%, slower growth compared to historical bull runs, but still positive amid macroeconomics.
The chart shows a classic boom-bust cycle: exponential rise to ATH, followed by profit-taking and correction. Volume has spiked during dips (e.g., $110 billion on Nov 4), suggesting accumulation at lower levels.
#Technical Indicators
Based on current analysis, BTC exhibits oversold conditions on several metrics, potentially signaling a rebound opportunity, but overall sentiment leans bearish short-term.
#Oscillators
- RSI (14): 24.685 – Oversold (below 30), indicating potential exhaustion of sellers and a possible reversal.
- MACD (12,26): -733.2 – Sell signal, with the line below signal, confirming downward momentum.
- Stochastic (9,6): 96.882 – Overbought (contradictory to RSI; watch for crossover).
- StochRSI (14): 0 – Oversold, aligning with RSI for bottoming signal.
- CCI (14): -248.184 – Oversold, extreme reading suggesting undervaluation.
- Ultimate Oscillator: 31.213 – Sell, but nearing neutral.
- ROC: -3.642 – Sell, reflecting recent price decline.
- ADX (14): 34.867 – Sell, trend strength is moderate downward.
Overall Oscillators: Strong Sell (6 sell signals), but oversold readings could attract buyers.
### Moving Averages (All Periods: Sell)
- MA5 (Simple/Exp): 100,608 / 100,198 – Sell (price below both).
- MA10: 101,725 / 101,128 – Sell.
- MA20: 102,154 / 101,909 – Sell.
- MA50: 102,728 / 102,772 – Sell (key medium-term support broken).
- MA100: 104,048 / 103,167 – Sell.
- MA200: 103,201 / 104,076 – Sell (long-term trend still intact but tested).
The price is below all major MAs, confirming bearish bias. A golden cross (50MA > 200MA) occurred earlier in the rally, but recent crossover to death cross potential if decline persists.
### Pivot Points (Classic)
- Pivot: $100,022
- Support Levels: S1 $99,273, S2 $98,898, S3 $98,149
- Resistance Levels: R1 $100,397, R2 $101,146, R3 $101,521
Current price near S3, testing critical support around $98,000.

## Support and Resistance Levels
- Key Support: $98,000 (psychological + recent low), $95,000 (if broken, deeper correction to $90,000 possible).
- Key Resistance: $100,000 (immediate), $102,000 (MA20), $105,000 (recent highs), $110,000 (pre-correction level).
- Long-Term: Upside targets at $129,000+ if rebound, based on forecasts.
## Potential Earning Strategies (Observations Only)
To position for gains in this environment:
- Short-Term Trading: Oversold RSI/CCI suggest a bounce play—enter long above $99,000 targeting $101,000 (R2), with stop-loss below $98,000. Use low leverage to manage volatility.
- Swing Trading: Wait for confirmation of reversal (e.g., MACD crossover bullish). If price holds $98,000, accumulate for push to $105,000+.
- Long-Term Holding: Despite correction, yearly +6.4% and bullish sentiment support HODLing through dips, especially with historical post-halving cycles (last in 2024).
- Risk Management: Set stops at 5-10% below entry. Diversify with stablecoins during volatility. Volumes indicate liquidity for quick entries/exits.
- Alternative Earning: Beyond trading, explore learn-and-earn platforms like Binance Academy or Coinbase for free BTC rewards while studying charts—build knowledge for better decisions.
Forecasts predict BTC could reach $129,342 by Nov 15 if momentum shifts, or drop to $136,886 upper target by Nov 23 in optimistic scenarios.
## Conclusion
BTC's chart shows a healthy correction after ATH euphoria, with oversold indicators hinting at a potential bottom. Bulls may defend $98,000 for a rebound, but breaking lower could extend losses. Monitor volume and news (e.g., regulatory updates) closely. For earning potential, focus on disciplined entries during rebounds, but prioritize capital preservation—markets can turn quickly. Trade responsibly!
#BinanceHODLerALLO
#BTC
#StablecoinLaw