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Technical analysis of BTC/USD 04/11/2025

Bitcoin tested the support area of 74,500 (61.8% Fibo) for the daily timeframe as part of the correction and is currently trading around 80,000 (MA200).

If the price breaks through and consolidates below the level of 74,500 (61.8% Fibo), this will mean the transition of the downward correction to a downward trend on the daily timeframe. The nearest target will be around 63,000 (50% Fibo) for the weekly timeframe.

The resistance is the area of the absolute maximum of 109,500.

Created by Joshua Hayn

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