{"id":110144,"date":"2025-11-04T02:15:16","date_gmt":"2025-11-04T02:15:16","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=110144"},"modified":"2025-11-04T02:15:16","modified_gmt":"2025-11-04T02:15:16","slug":"bitcoin-sell-off-continues-downside-momentum-builds-across-crypto-market","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=110144","title":{"rendered":"Bitcoin Sell-Off Continues \u2014 Downside Momentum Builds Across Crypto Market"},"content":{"rendered":"

Bitcoin price is gaining bearish pace below $108,800. BTC could continue to move down if it stays below the $109,500 resistance.<\/em><\/p>\n

Bitcoin started a fresh decline below the $109,000 support.
\nThe price is trading below $108,000 and the 100 hourly Simple moving average.
\nThere is a bearish trend line forming with resistance at $109,400 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair might continue to move down if it trades below the $105,000 zone.<\/p>\n

Bitcoin Price Dips Further<\/h2>\n

Bitcoin price failed to stay above the $110,000 support level and started a fresh decline<\/a>. BTC dipped below $109,000 and $108,800 to enter a bearish zone.<\/p>\n

The decline was such that the price traded below the 76.4% Fib retracement level of the upward move from the $106,310 swing low to the $111,000 high. Besides, there is a bearish trend line forming with resistance at $109,400 on the hourly chart of the BTC\/USD pair.<\/p>\n

Bitcoin is now trading below $108,000 and the 100 hourly Simple moving average<\/a>. BTC tested the 1.236 Fib extension level of the upward move from the $106,310 swing low to the $111,000 high.<\/p>\n

<\/a><\/p>\n

If the bulls attempt a recovery wave, the price could face resistance near the $108,200 level. The first key resistance is near the $108,800 level. The next resistance could be $109,500 and the trend line. A close above the $109,500 resistance might send the price further higher. In the stated case, the price could rise and test the $110,000 resistance. Any more gains might send the price toward the $111,500 level. The next barrier for the bulls could be $112,000 and $112,500.<\/p>\n

More Losses In BTC?<\/h2>\n

If Bitcoin fails to rise above the $108,800 resistance zone, it could continue to move down. Immediate support is near the $106,200 level. The first major support is near the $105,500 level.<\/p>\n

The next support is now near the $105,000 zone. Any more losses might send the price toward the $104,200 support in the near term. The main support sits at $103,500, below which BTC might struggle to recover in the short term.<\/p>\n

Technical indicators:<\/p>\n

Hourly MACD \u2013 The MACD is now gaining pace in the bearish zone.<\/p>\n

Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now below the 50 level.<\/p>\n

Major Support Levels \u2013 $106,200, followed by $105,500.<\/p>\n

Major Resistance Levels \u2013 $108,800 and $109,500.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price is gaining bearish pace below $108,800. BTC could continue to move down if it stays below the $109,500 resistance. Bitcoin started a fresh decline below the $109,000 support. The price is trading below $108,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $109,400 on […]<\/p>\n","protected":false},"author":0,"featured_media":110145,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-110144","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/110144"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=110144"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/110144\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/110145"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=110144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=110144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=110144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}