Technical Outlook: The Candlestick Perspective $BTC
To visualize the decline, consider Bitcoin's daily candlestick chart for October-November 2025. The pattern shows a classic post-rally correction: a series of long red (bearish) candles in mid-October, forming a descending channel with lower highs and lows. Key levels include:
Resistance: $100,000 (recent breakdown) and $112,000 (October rejection).
Support: $91,000 (current floor, tested mid-November) and $84,000-$87,000 (next potential if breached).
Indicators: The death cross confirms bearish momentum, but RSI at ~25 signals oversold conditions, hinting at a possible short-term bounce. Volume spiked on down days, underscoring conviction in the sell-off.
BTC
66,646.72
+0.27%