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11.11.202506:26 Forex Analysis & Reviews: Trading Signals for BITCOIN for November 11-13, 2025: sell below $107,500 (200 EMA - 2/8 Murray)

Exchange Rates 11.11.2025 analysis

Bitcoin is trading around $105,616, undergoing a technical correction after reaching a weekly high of $107,500.

According to the H4 chart, we can see that Bitcoin encountered strong resistance around $107,000. Currently, the BTC price is below this level, indicating that the decline is likely to continue. Crypto could find good support around the 21 SMA located at $103,794 or around the bottom of the ascending trend channel located at $104,000.

Should Bitcoin reach the $104,000 price level in the coming hours, it will be seen as an opportunity to resume buying with targets at $108,967 (around the 3/8 Murray and the 200 EMA). The instrument could finally reach the 4/8 Murray, which coincides with the top of the ascending trend channel around $112,500.

Conversely, if Bitcoin falls below $104,000 and below the 21SMA, we could expect it to reach the psychological level of $100,000 again and even return to the price levels of November 6th, around $98,000.

*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.

Dimitrios Zappas,
Analytical expert of InstaSpot
© 2007-2025
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