📉 $BTC Breaks Support at $105K — What’s Next for BTC?

Bitcoin’s daily chart shows a rising wedge pattern that just broke its lower support line near $105,000, signaling a short-term bearish phase. This wedge forms when prices rise within narrowing trendlines, often ending with a downside break once buying pressure weakens.

The current chart (as of Nov 4, 2025) shows BTC trading around $103,747, sitting just above the next psychological support at $100,000. The 50-day EMA hovers near $112,140, marking the first resistance to watch.

If Bitcoin stabilizes above $100K, the pattern still suggests a rebound toward $115K, where sellers previously capped rallies. The wedge’s technical target also hints at a potential 61% upside, projecting a move toward $166,997 once momentum returns.

However, the broader context remains cautious. ETF outflows and Fed-driven uncertainty continue to weigh on sentiment, keeping short-term volatility elevated.

⚙️ Support: $100,000

⚙️ Resistance: $112,000–$115,000

⚙️ Upside target (technical): $166,997