After briefly slipping below the six-figure threshold earlier this week, the world’s largest cryptocurrency is showing early signs of recovery as renewed buyer interest, improved liquidity, and positive technical signals converge. Market analysts point to a decisive trendline breakout and strong reaction from an order-block zone—both suggesting a potential short-term momentum shift in Bitcoin’s favor.
Bitcoin Price Holds Firm Above $100K After Volatile Week
Bitcoin (BTC) is showing renewed strength after a turbulent week that saw prices briefly dip below the six-figure mark. As of November 9, 2025, the price of Bitcoin trades near $101,800, rebounding from a short-lived correction driven by shifting macroeconomic expectations and cautious market sentiment.
A simplified chart has been created to clearly illustrate Bitcoin’s trend for less experienced or overly optimistic bulls. Source: Doctor Profit via X
The BTC price recovery follows a week of sharp intraday swings, with Bitcoin fluctuating between $99,376 and $103,956, suggesting a consolidation phase after an extended downward trend. Despite continued caution among traders, the latest bitcoin price action suggests bulls may be regaining control of short-term momentum.
According to data from Bitstamp, Bitcoin’s market capitalization stands at approximately $2.03 trillion, with a 24-hour trading volume of $77.2 billion, underscoring sustained liquidity in the world’s leading digital asset.
Technical Outlook: Trendline Break Signals a Possible Shift
After weeks of sliding under a descending resistance trendline, Bitcoin has now broken above the structure, a move that technical analysts interpret as an early sign of a potential reversal. The order block zone near the $100K level—where buyers historically accumulated—appears to have triggered renewed buying pressure.
Bitcoin’s rebound from a key order block and trendline breakout signals a short-term bullish shift, with potential upside toward the $103.8–$104K target zone. Source: Hamza Gold on TradingView
“The break of the trendline shows sellers are losing control and buyers are starting to gain strength,” noted a recent analysis shared by crypto trader @GVRCALLS, who highlighted a projected move toward $125,000 to $135,000 based on upward trendline formations on Binance’s BTC/USDT chart.
The analyst pointed to “strong reaction from the order-block zone” and the formation of higher lows that could sustain an advance toward the $103.8–$104 liquidity area, where previous fair-value gaps may attract price activity.
Indicators Show Consolidation Before Potential Breakout
Market oscillators present a neutral to mildly bullish picture. The Relative Strength Index (RSI) currently sits at 37, signaling balanced momentum, while the stochastic oscillator at 19 supports a non-trending environment. Meanwhile, the Commodity Channel Index (CCI) and momentum indicators show emerging positive sentiment, suggesting that downward momentum is weakening.
However, moving averages remain a key hurdle. All the major EMAs and SMAs, from the 10-period to the 200-period, are located above the current price of BTC, which suggests that the greater structure remains bearish unless a clear upside breakout is made above $104,000.
Volume data adds more insight: a strong spike around $98,900 probably indicated either a capitulation or a strong support buildup; low volume afterwards during the consolidation suggests traders are waiting for confirmation to enter new positions.
Key Levels to Watch
Technical analysts identify $98,900 as the main support and $104,000 as critical resistance in the near term. A close above the $104K threshold that can be sustained, supported by volume, may mark a structural bullish reversal that could open the way for a possible climb toward $108K and beyond.
Conversely, a break below $98,900 would reinforce the broader downtrend and expose the price to retests of the $95K zone. Analysts agree that market direction will likely depend on how Bitcoin reacts around these levels over the coming days.
Macro Factors and Market Outlook
Broader Bitcoin price news remains tied to macroeconomic dynamics today, such as interest rate expectations and shifts in global risk sentiment. While volatility may be near-term, institutional inflows—especially from BTC ETFs—continue to provide structural support for Bitcoin’s long-term valuation.
Meanwhile, with short-term uncertainty lingering, analysts such as @GVRCALLS have asserted that Bitcoin’s current consolidation may evolve into a bullish continuation pattern toward new highs over the upcoming quarters.
A crypto GVRCALLS analyst projects a bullish Bitcoin rebound toward $125,000–$135,000 from $102,000, amid mixed community sentiment and recent volatility below $100,000. Source: Crypto GVR via X
For the longer term, predictions are wide-ranging. Some long-term models estimate the bitcoin price forecast for 2025 to be in the range of $150,000 to $180,000, while the bitcoin price forecast for 2030 goes as high as $350,000, depending on adoption rates, regulatory clarity, and post-halving market cycles.
Looking Ahead: Bulls Regain Ground, But Confirmation Needed
Bitcoin’s ability to hold above the important $100K level underlines the residual market resilience amidst continued volatility. The trendline breakout and reaction at an order block suggest that upside momentum may be possible, but traders will be conservative until the move above $104,000 is validated as a structural reversal.
Bitcoin was trading at around 101,558.46, down 1.32% in the last 24 hours at press time. Source: Brave New Coin
Sentiment finely balanced between optimism and caution, Bitcoin once again finds itself at a pivotal juncture—testing the conviction of bulls, the patience of bears, and the faith of long-term believers in the world’s largest cryptocurrency.