After coming down so far and so fast Bitcoin is hardly putting in a v-shaped recovery since bottoming at $99,000. Is this going to be a failed rally, and could Bitcoin head down to $94,000?
$BTC bulls need to hit $106,500 as absolute minimum
Source: TradingView
The $BTC price may have bounced before touching strong horizontal support at $98,000, but up to now the bounce is relatively weak. The downward trendline for the last reversal has been broken, but instead of climbing strongly Bitcoin might be faltering once again.
Of course, this might be just a small dip to confirm $102,600 as support, but if the bounce does run out of steam, and if $BTC gets rejected from the $106,500 horizontal resistance level, this would be another lower high, which could be followed by a lower low.
The major trendline isn’t too far below the current price so it would be quite normal to at least test it. Perhaps this could be a likely move, and maybe this would finally end up as the bottom.
We współpracy z: https://cryptodaily.co.uk/2025/11/bitcoin-btc-weak-bounce-more-downside-or-bottom-finally-in-analysis
