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Bitcoin continues to decline for consecutive weeks

Technical Analysis
By Ahmed Ashraf
Bitcoin continues to decline for consecutive weeks
1 12

BTCUSD

البيتكوين 17-11-2025

Bitcoin is trading above the support zone at $93,000. Prices are likely to rise and retest the $99,500 resistance zone. This scenario becomes invalid if the mentioned support zone is broken to the downside during today’s trading.

Support

 93000 91000
Resistance 99500

107000

Bitcoin posted a weak performance today after dropping to its lowest level in more than six months, before trimming a small portion of its losses later on. The main pressure came from fading expectations of a Federal Reserve rate cut at the upcoming meeting, along with accelerating outflows from Spot ETFs, which significantly weakened buying momentum.

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Ahmed Ashraf

Technical Analyst & Economic Researcher at LDN Global Markets

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1 Comment
  1. Flux API says

    It’s interesting to see how Bitcoin is reacting to the Fed’s stance on interest rates. The lack of a rate cut seems to be keeping the pressure on prices. The support zone at $93,000 looks like a crucial point — if it breaks, things could get pretty volatile.

    Reply
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