{"id":7983,"date":"2025-11-04T05:11:07","date_gmt":"2025-11-04T05:11:07","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/bitcoin-sell-off-continues-downside-momentum-builds-across-crypto-market\/"},"modified":"2025-11-04T05:11:07","modified_gmt":"2025-11-04T05:11:07","slug":"bitcoin-sell-off-continues-downside-momentum-builds-across-crypto-market","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/bitcoin-sell-off-continues-downside-momentum-builds-across-crypto-market\/","title":{"rendered":"Bitcoin Sell-Off Continues \u2014 Downside Momentum Builds Across Crypto Market"},"content":{"rendered":"<p><em>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<ul>\n<li>Bitcoin started a fresh decline below the $109,000 support.<\/li>\n<li>The price is trading below $108,000 and the 100 hourly Simple moving average.<\/li>\n<li>There is a bearish trend line forming with resistance at $109,400 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair might continue to move down if it trades below the $105,000 zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Dips Further<\/h2>\n<p>Bitcoin price failed to stay above the $110,000 support level and started a fresh decline. BTC dipped below $109,000 and $108,800 to enter a bearish zone.<\/p>\n<p>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<p>Bitcoin is now trading below $108,000 and the 100 hourly Simple moving average. 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<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-848197\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/11\/Bitcoin_3fe711.png?resize=1024%2C493\" alt=\"Bitcoin Price \" width=\"1024\" height=\"493\" \/><\/p>\n<p>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<h2>More Losses In BTC?<\/h2>\n<p>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<p>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<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now gaining pace in the bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $106,200, followed by $105,500.<\/p>\n<p>Major Resistance Levels \u2013 $108,800 and $109,500.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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&hellip;<\/p>\n","protected":false},"author":1,"featured_media":7984,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[145],"tags":[65,108,73,70,71,146],"class_list":["post-7983","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-btc","tag-bitcoin","tag-bitcoin-price","tag-btc","tag-btcusd","tag-btcusdt","tag-xbtusd"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/7983","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=7983"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/7983\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/7984"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=7983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=7983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=7983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}