{"id":8023,"date":"2025-11-06T05:11:09","date_gmt":"2025-11-06T05:11:09","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/bitcoin-recovery-lacks-conviction-market-signals-another-pullback-risk\/"},"modified":"2025-11-06T05:11:09","modified_gmt":"2025-11-06T05:11:09","slug":"bitcoin-recovery-lacks-conviction-market-signals-another-pullback-risk","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/bitcoin-recovery-lacks-conviction-market-signals-another-pullback-risk\/","title":{"rendered":"Bitcoin Recovery Lacks Conviction, Market Signals Another Pullback Risk"},"content":{"rendered":"<p><em>Bitcoin price is struggling below $105,000. BTC could continue to move down if it stays below the $104,200 resistance.<\/em><\/p>\n<ul>\n<li>Bitcoin started a fresh decline below the $104,000 support.<\/li>\n<li>The price is trading below $104,000 and the 100 hourly Simple moving average.<\/li>\n<li>There was a break above a bearish trend line with resistance at $103,000 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 fails to surpass the $105,000 zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Faces Resistance<\/h2>\n<p>Bitcoin price failed to stay above the $105,000 support level and started a fresh decline. BTC dipped below $103,500 and $102,000 to enter a bearish zone.<\/p>\n<p>The decline was such that the price even spiked below the $100,000 support. A low was formed at $98,900 and the price recently started a recovery wave. There was a move above the 23.6% Fib retracement level of the downward move from the $111,000 swing high to the $98,900 low.<\/p>\n<p>Besides, there was a break above a bearish trend line with resistance at $103,000 on the hourly chart of the BTC\/USD pair. However, the bears remained active near $104,000.<\/p>\n<p>Bitcoin is now trading below $104,000 and the 100 hourly Simple moving average. If the bulls attempt another recovery wave, the price could face resistance near the $103,500 level. The first key resistance is near the $104,000 level.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-849910\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/11\/Bitcoin_c4493e.png?resize=1024%2C493\" alt=\"Bitcoin Price \" width=\"1024\" height=\"493\" \/><\/p>\n<p>The next resistance could be $105,000 and the 50% Fib retracement level of the downward move from the $111,000 swing high to the $98,900 low. A close above the $105,000 resistance might send the price further higher. In the stated case, the price could rise and test the $106,500 resistance. Any more gains might send the price toward the $107,500 level. The next barrier for the bulls could be $108,500 and $108,800.<\/p>\n<h2>Another Decline In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $104,000 resistance zone, it could continue to move down. Immediate support is near the $102,150 level. The first major support is near the $100,500 level.<\/p>\n<p>The next support is now near the $100,000 zone. Any more losses might send the price toward the $98,800 support in the near term. The main support sits at $97,500, below which BTC might struggle to recover in the near 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 $102,150, followed by $100,500.<\/p>\n<p>Major Resistance Levels \u2013 $103,500 and $104,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price is struggling below $105,000. BTC could continue to move down if it stays below the $104,200 resistance. Bitcoin started a fresh decline below the $104,000 support. The price is trading below $104,000 and the 100 hourly Simple moving average. There was a break above a bearish trend line with resistance at $103,000 on&hellip;<\/p>\n","protected":false},"author":1,"featured_media":8024,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[145],"tags":[65,108,73,70,71,146],"class_list":["post-8023","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\/8023","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=8023"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/8023\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/8024"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=8023"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=8023"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=8023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}