BTCUSD Market Analysis- November 13
Bitcoin (BTCUSD) continues to exhibit strong bearish momentum as sellers dominate the market, following multiple failed attempts by buyers to sustain price above key resistance zones.
Bitcoin (BTCUSD) Key Levels
Support Levels: $108,800.00, $98,200.00
Resistance Levels: $117,300.00, $124,400.00
BTCUSD Long-Term Trend: Bearish
Bitcoin continues to exhibit a dominant bearish structure after breaking below the critical $144,000 demand level, signaling a major shift in market sentiment. Earlier, price action maintained a bullish trajectory, surpassing the $117,300 supply zone and attempting to breach the $124,400 supply level. However, strong resistance at this level halted further bullish advancement.
The $124,400 supply zone was retested twice — in mid-August and again in early October 2025 — reinforcing its strength as sellers regained control. The inability of buyers to sustain momentum above this level triggered increased selling pressure, leading to a decisive breach below the $108,800 demand level. This confirmed a clear bearish reversal and set the stage for continued downward movement.
More recently, a bearish break of structure has been established, followed by a retracement that tapped into a bearish order block. With this confirmation, the market is likely to resume its downward trajectory, targeting the next key support at the $98,200 demand zone as bears maintain dominance.
BTCUSD Medium-Term Trend: Bearish
On the 4-hour chart, Bitcoin’s bearish outlook remains intact, showing clear rejection from the daily bearish order block. This rejection triggered a series of lower lows, consistent with the overall downtrend structure. The 4-hour Moving Average continues to align with bearish sentiment, with price action holding firmly below it.
A minor retracement into the 4-hour order block has recently been observed, followed by a rejection candle that reaffirms bearish intent. With momentum shifting back to the downside, Bitcoin is expected to continue forming bearish candles, potentially establishing a new lower low in the coming sessions.
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