Thanks

According to Trading Central's latest intraday chart, Bitcoin's price is advancing toward recovery at $104,350, even though it is currently facing a 1.17% negative change. This chart is based on data up to 5:14 PM (CET) on November 8, 2025, which helps in understanding the market's short-term trends.
Current Market Conditions: At a Glance
Bitcoin's current price is $102,069.75. The 30-minute chart shows that the price has slightly improved from its most recent low, but overall, it has declined by 1.17%. This volatility began on November 7, when Bitcoin was hovering around $100,000. On November 8, the market showed clear signs of a rebound, instilling hope among investors.
The chart's Bollinger Bands (MA20) and MA50 lines indicate that the price is returning toward the upper band. Additionally, the RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) indicators have shown positive signals, suggesting an exit from the oversold condition.
Chart Analysis: What Do the Technical Indicators Say?
Trading Central's 30-minute intraday chart clearly highlights Bitcoin's short-term trajectory. Below are some key points:
Price Targets: The chart marks potential highs at $104,350 and $103,570 with green arrows. These align with the upper limits of the Bollinger Bands, indicating the strength of the rebound. On the other hand, $102,000 and $100,920 are identified as lows, which could act as support levels.
Moving Averages: The price is trapped between the MA20 (red line) and MA50 (blue line), but recent candlesticks show an upward trend. This suggests that if stability comes above $102,500, a quick move toward $104,000 is possible.
RSI and MACD: The RSI line (blue) is hovering around 50, indicating a neutral state but with recent improvements signaling an exit from oversold levels (below 30). The MACD (blue line) and signal line (green) may experience a crossover, which would serve as a buy signal.
The combined impact of these indicators leads analysts to believe that this Bitcoin rebound is not just short-term but could initiate a medium-term bullish trend. However, global economic uncertainties (such as the Federal Reserve's interest rate decisions) and crypto-regulatory news could influence this momentum.
Why Is This Rebound Important?
Bitcoin has already gained over 20% in 2025, but volatility has increased between October and November. This rebound presents an opportunity for investors, especially those seeking diversification in crypto amid pressures from dollar-centric economies. According to Trading Central, if the price surpasses $104,350, the next target could be $106,000. Caution: A drop below $100,000 could increase bearish pressure.
Conclusion: Proceed with Caution
Bitcoin's intraday rebound is a positive signal of market revival, but true to the nature of the crypto market, it is highly changeable. Investors should monitor technical indicators and use stop-loss orders. Preliminary data suggests that this trend continues into the morning of today's market (November 9).
Disclaimer: This is not financial advice. Consult with an expert and conduct your own research before investing.