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Bitcoin has been unable to recover and has been in continuous decline since October

Technical Analysis
By Mostafa Mahmoud
Bitcoin has been unable to recover and has been in continuous decline since October
0 6

BTCUSD

البيتكوين 3-11-2025

Bitcoin is trading above the support level of $108,375, and prices are likely to move sideways between the resistance level of $115,600 and the aforementioned support level.

Support

 104430 101500
Resistance 108900

113100

Bitcoin witnessed a notable decline today after a brief weekend rally, dropping below the $108,000 level after reaching a peak near $111,000. This downturn came amid selling pressure from major holders, or “whales,” who offloaded more than $600 million worth of Bitcoin in recent hours. The drop also reflects broader market caution as expectations grow that the U.S. Federal Reserve will keep interest rates unchanged, strengthening the dollar and reducing liquidity flowing into high-risk assets such as cryptocurrencies.

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Mostafa Mahmoud

Mostafa Mahmoud Technical Analyst at LDN Mostafa has half a decade of experience in the field of financial markets between technical analysis and financial portfolio management, which extends to more than one financial market between stocks, commodities, currencies and the debt markets.

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