Bitcoin is currently trading at $104,547, struggling to break the $107,465 resistance level as of November 11, 2025. The cryptocurrency's market cap stands at $2.08 trillion, with a 24-hour trading volume of $70.93 billion. Despite a recent rebound from $99,192 to $107,465, Bitcoin was unable to sustain gains above this resistance, indicating a bearish trend with lower highs and lows since its peak at $125,235.
The $98,898 support level remains intact, but analysts warn that a drop below $102,000 could trigger further declines. On shorter time frames, Bitcoin has defended the $99,000 support zone twice, but the price action remains volatile. Technical indicators such as RSI, stochastic, and MACD suggest a neutral to bearish outlook, with no clear directional bias emerging.
Bitcoin Faces Resistance at $107K Amid Bearish Trend
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