📊 What to Watch
Support zones
$108,000 appears to be a near-term critical support level. Falling below that may open room for further weakness. (Reddit+1)
If the downside accelerates, some scenarios suggest a dip toward ~$90,000 in a more pessimistic macro environment. (Aurpay)
Resistance / Upside triggers
A breakout above ~$114,000–$115,000 could clear the way toward ~$120,000 or higher in the medium term. (Coin Edition+1)
On-chain and institutional cues: Reduced holdings on exchanges, inflows into ETFs, and historical seasonality all point to upside potential. (Aurpay+1)
Macro & External Factors
Liquidity conditions, interest-rate expectations (especially from the Federal Reserve in the US), and geopolitical risk are all in play. For example, when rate-cut expectations weaken, risk assets like $BTC tend to face headwinds. (Barron's)
Historically, November has been a strong month for $BTC : some reports indicate average gains in excess of ~30–40% in Novembers past. (AInvest+1)
#BTC #StrategyBTCPurchase #crypto #bearishmomentum
