Technical Analysis

Bitcoin retested the $100,000 level during its recent correction, triggering significant liquidations. Analyst PlanD identifies the 50-week exponential moving average at $100,700 as critical support. A sustained weekly close above this threshold could enable a rebound toward $116,000–$120,000 in the short term.

Bitcoin has declined below $102,000, breaking its 365-day moving average for the first time in over three years. CryptoQuant's Bull Score Index fell to zero, a level last recorded before the 2022 bear market. The cryptocurrency trades at $102,298, down nearly 7% for the week and more than 16% for the month.

Ethereum climbed to nearly $3,500 on November 8 after falling to $3,200 earlier in the day, gaining 4.5%. Analyst Ali Martinez projects ETH could eventually reach $10,000, but suggests the token may first need to drop to $2,000 to flush out weak holders. US spot Ethereum ETFs recorded net outflows of $507.7 million over the past week.

Bitcoin is trading around $102,405 while struggling to hold above $100,000, with total cryptocurrency market capitalization falling to approximately $3.34 trillion. Bloomberg senior macro strategist Mike McGlone warns the current price level represents a critical juncture, noting that unusually low volatility may indicate underlying stress rather than stability. The correlation between Bitcoin and the S&P 500 remains above 0.53, reflecting continued alignment with traditional equity markets.

Bloomberg Intelligence senior commodity strategist Mike McGlone has described Bitcoin's position near $100,000 as a pivotal test rather than a milestone. He warns that historically low volatility across equity and cryptocurrency markets may signal impending turbulence. Bitcoin's correlation to the S&P 500 remains above 0.53, indicating continued alignment with traditional markets despite its digital gold narrative.

Bitcoin has fallen below $100,000, reaching its lowest level in six months and trading 20% below its record high of $126,000. Long-term holders have sold more than 1 million coins since June. Analysts caution that weakening support could drive prices toward $70,000, according to CoinGecko data.

Litecoin rose 16% to surpass $102, supported by a 6% increase in wallets holding over 100,000 LTC and on-chain transaction volume reaching $15.1 billion. The advance followed $640,000 in spot ETF inflows and a break above the $100.91 resistance level. The move positions the asset for a potential advance toward $109.09 if current support holds.

Bitcoin has declined to around $100,200 after giving up gains above $104,000. The Coinbase Premium Gap—measuring the price difference between Coinbase (USD pair) and Binance (USDT pair)—has stayed negative over the past week, indicating sustained selling pressure from Coinbase users, particularly U.S.-based institutional investors, according to CryptoQuant analyst Maartunn.

Bitcoin's Market Value to Realized Value (MVRV) ratio has declined to the 1.8–2.0 range, a valuation zone that has historically coincided with major market bottoms. The metric, which compares Bitcoin's market capitalization to its aggregate cost basis, reached similar levels during market lows in June 2021, November 2022, and April 2025, according to market analysts.

Long-term Bitcoin holders have sold approximately 790,000 BTC in recent weeks while buyer demand has contracted since early October, according to CryptoQuant data. Short-term apparent demand has remained negative for roughly 30 days. Bitcoin declined over 5% from around $110,000 to above $103,000 as selling pressure outpaced incoming capital.