Bitcoin Bears’ ‘Last Dance’? $94K Support in the Spotlight
Bitcoin is buying and selling at $103,400 at press time, with a 24-hour buying and selling quantity of roughly $74.5 billion. The asset has remained comparatively flat on a day by day scale after a minor decline and subsequent restoration, and is down barely for the week.
Analysts are watching a number of key technical ranges, as the present market construction means that Bitcoin could also be nearing an essential assist zone.
66-Week EMA and $94K Level in Focus
EGRAG CRYPTO shared an up to date long-term chart exhibiting Bitcoin’s value approaching the 66-week exponential shifting common (EMA), at the moment aligning close to the $94,000 zone. This degree additionally coincides with an unfilled CME futures hole.
In previous cycles, BTC has typically touched or moved barely beneath this EMA earlier than starting main rallies. Referring to a doable drop towards the CME hole earlier than a reversal, EGRAG mentioned,
“The Bears could have one final dance.”
He has been monitoring this setup since September 30, calling the 66W EMA a key reference level. According to their view, this might mark the finish of the present bearish section and the begin of the subsequent sturdy transfer upward.
In addition, Ash Crypto noted {that a} loss of life cross could type quickly, as the 50-day easy shifting common (SMA) is nearing a crossover beneath the 200-day SMA. Historically, earlier loss of life crosses have been adopted by native bottoms inside days, typically resulting in sturdy rallies. Bitcoin is now sitting slightly below each averages. If the sample repeats, this might mark one other native backside.
“The final three loss of life crosses marked the backside inside every week,” Ash wrote.
Bitcoin Stalls at Key Levels
Analyst Ali Martinez shared a separate chart suggesting Bitcoin may very well be forming a head-and-shoulders sample. The neckline assist is close to $100,000. A transfer up towards $112,000 might full the proper shoulder, adopted by a possible breakdown.
If the neckline breaks, the projected transfer might attain $83,000. However, the proper shoulder continues to be forming, and no breakdown has occurred.
Bitcoin $BTC may very well be forming a head-and-shoulders sample!
A rebound to $112,000 would possibly type the proper shoulder earlier than a transfer to the $100,000 neckline, doubtlessly resulting in a breakdown to $83,000. pic.twitter.com/EhGBHtuMbE
— Ali (@ali_charts) November 13, 2025
According to CRYPTOWZRD, Bitcoin’s day by day chart closed barely bearish. The present vary sits between $100,000 and $107,200. A transfer above $104,300 might open the strategy to the higher band of that vary, whereas a rejection might ship the value towards $100,000 or decrease.
Volatility has elevated throughout the US buying and selling session, with little clear path in the quick time period. Miner hash fee momentum remains sturdy, and whale inflows have slowed, indicating that heavy promoting could have cooled. Still, many merchants are staying cautious till the value breaks clearly out of the present zone.
The publish Bitcoin Bears’ ‘Last Dance’? $94K Support in the Spotlight appeared first on CryptoPotato.
