‎Bitcoin Faces Sustained Downward Pressure as Bears Regain Control

‎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.
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‎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.
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‎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.
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‎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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