$BTC Latest Analysis
1. Price Action
Bitcoin recently dropped from its October highs near $126K and is now trading around $110K, reflecting increased volatility and profit-taking.
According to CoinCodex, BTC lost ~12% in one month.
2. Technical Setup
The RSI is approaching oversold levels, suggesting a potential bounce if buyers step in.
Key resistance to watch is around $115K, where some analysts expect a breakout if bullish momentum returns.
On the downside, support is being eyed near $109K–$100K, with a breakdown potentially triggering a sharper pullback.
3. Macro & On-Chain Trends
Institutional demand is cooling: ETF inflows have dropped significantly, which may limit fresh big-money entry.
But on-chain data shows accumulation by long-term holders, hinting that some market participants are viewing this weakness as a buying opportunity.
Seasonality could support a rebound: historically, November has been strong for Bitcoin — though the median return is closer to ~8.8%, not the more optimistic mean.
4. Outlook
Bullish case: If BTC breaks above $115K, it could aim for $125K–$134K by mid-November, assuming ETF inflows pick up and macro risks ease.
Base case: Consolidation in the $100K–$115K range as the market digests recent gains and reallocates.
Bearish case: A break below $100K could open the door to a drop toward $90K or even lower, especially if macro conditions worsen. #BTC90kBreakingPoint #USStocksForecast2026 #StrategyBTCPurchase
