$Based on the latest available data, the price of Bitcoin (BTC) is undergoing a downward pressure, and technical analysis shows strong sell signals in the short term. The chart below provides an overview of recent price movements, followed by a detailed analysis of the key technical indicators.
```mermaid
timeline
title Evolution of Bitcoin Price (BTC/USD) - Summary of Price Movement
section 2025-10-06
Highest price recorded: ~126,272 dollars
section late October - November
Beginning of a downtrend: drop from the peaks
section 2025-11-14
Continued decline: trading around $95,500
: down ~24% from the peak
```
📊 Technical indicator analysis
The table below shows the readings of the most important technical indicators for the BTC/USD pair based on current data, which show a dominance of bearish signals in short-term sentiment:
Indicator category Indicator type Reading / Signal Interpretation
RSI (14) 34.61 Sell: below 50, indicates bearish momentum but not yet oversold (<30).
Stochastic (9,6) 98.43 Overbought: may signal a potential pullback is due.
MACD (12,26) -1206.6 Sell: the negative value and position indicate strong downward momentum.
Moving averages MA (5) ~96,066 Sell: the current price (~95,500) is trading below this short-term average.
MA (50) ~99,836 Sell: reinforces the bearish trend in the medium term.
MA (200) ~102,549 Sell: confirms the long-term bearish bias.
Support and resistance levels immediate support at $95,500 critical level; breaking it may open the door for further declines.
Resistance at $100,000 is a strong psychological and technical level; a return above it is considered positive.
📉 Influential fundamental factors
Several fundamental factors are behind this sharp downward movement, providing context for the above technical analysis:
· Overall risk sentiment: The global market is experiencing a risk-averse state, due to concerns about AI stock valuations and uncertainty regarding U.S. Federal Reserve policy, negatively impacting high-risk assets like Bitcoin.
· Institutional selling pressure: Major institutions like BlackRock and Binance have liquidated large positions in Bitcoin worth over a billion dollars, and Bitcoin ETF funds have seen significant outflows of $278 million on November 12.
· Actions of long-term holders: Long-term holders have sold a significant amount estimated at 815,000 Bitcoins over the past 30 days, increasing downward pressure.
💡 Forecasts and recommendations
· Current trend: The overall technical summary indicates "strong sell" with complete dominance of sell signals across moving averages and technical indicators. Some analysts expect the price to reach around $103,500 by the end of this quarter.
· Watch points: The level of $95,500 is considered critical support. If broken, the price may target lower levels. On the other hand, returning and stabilizing above the $100,000 level would be a strong positive signal for regaining upward momentum.
· Warning: All sources warn that the cryptocurrency market is extremely volatile and involves high risks. Technical analysis is not an exact science, so any investment decision should be based on your own research and risk acceptance.
I hope this analysis provides a clear picture. Is there a specific indicator or timeframe you would like a more detailed analysis on?$BTC
