Bitcoin Intraday: the downside prevails as long as 108400 is resistance
Nov 3, 2025 9:43 AM
the downside prevails as long as 108400 is resistance.
Our pivot point stands at 108400.
Our preference:
the downside prevails as long as 108400 is resistance.
Alternative scenario:
the upside breakout of 108400, would call for 109690 and 110460.
Comment:
the RSI is trading below 30. This could mean that either the price is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 108201 and 109460).
Supports and resistances:
110460 **
109690 *
108400 **
107890
107268 last
105710
104940 **
104170 *
103410 **
Our preference:
the downside prevails as long as 108400 is resistance.
Alternative scenario:
the upside breakout of 108400, would call for 109690 and 110460.
Comment:
the RSI is trading below 30. This could mean that either the price is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 108201 and 109460).
Supports and resistances:
110460 **
109690 *
108400 **
107890
107268 last
105710
104940 **
104170 *
103410 **
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