Bitcoin: Key Test at Major Resistance
10 November 2025
In today’s technical analysis, let’s focus on Bitcoin, which is trying to regain strength after recent weakness. The cryptocurrency is currently approaching a crucial horizontal resistance — an area around 106,700, marked with a purple horizontal line on the chart. This level served as a key support throughout October, but after a breakout to the downside in early November, it has now turned into a major resistance zone.
This level is likely to decide Bitcoin’s next significant directional move. If sellers step in at this resistance and the price forms a bearish candlestick pattern such as a shooting star or a bearish engulfing, that would signal a rejection of higher prices and could confirm a long-term signal to sell. Such a reaction would likely resume the downtrend and increase pressure on the lower support areas.
On the other hand, a decisive breakout above this level — with the price closing a daily candle above 106,700 — would invalidate the bearish outlook and serve as a strong long-term buy signal. Such a move would suggest that buyers have regained control and could open the path for a new bullish wave in the coming sessions.
For now, all eyes are on this key resistance test, as the reaction here will shape Bitcoin’s outlook for the rest of the month.