Bitcoin News
By Maheen Hernandez
1 / 15
Rebound at a Critical Technical Level. On November 4, Bitcoin once again touched the lower trendline of its ascending channel and…
2 / 15
NUPL Revisits Historical Bottom Territory. A key on-chain indicator supporting the bottom thesis is the Net Unrealized Profit/Loss (NUPL)…
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The Cost-Basis Barrier That Could Prevent a Breakout. Bitcoin’s cost-basis heatmap highlights price levels where large groups of holders originally…
4 / 15
What Happens if Bitcoin Fails to Break Resistance?. Despite the encouraging bottom signals, the market is not yet out of danger.
5 / 15
Market Structure Still Shows Strength. Despite the near-term pressure, Bitcoin’s broader structure remains healthy.
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The Path Ahead: One Barrier Determines the Trend. At the moment, Bitcoin’s fate hinges on one key level.
7 / 15
Bitcoin is entering a pivotal moment in its 2025 market cycle. After slipping nearly 4% within 24 hours and rebounding above $102,000, the world’s leading cryptocurrency is…
8 / 15
For now, Bitcoin remains inside a long-standing ascending channel that has guided price behavior since April.
9 / 15
The current bounce reflects the same pattern seen during previous cycle reset points. However, whether this reaction marks a true trend reversal depends on what comes next —…
10 / 15
A key on-chain indicator supporting the bottom thesis is the Net Unrealized Profit/Loss (NUPL) metric. NUPL recently dropped to around 0.
11 / 15
This creates a compelling parallel: once again, Bitcoin is bouncing near the lower end of its ascending channel just as NUPL dips into its traditional bottom zone.
12 / 15
Still, while this setup lays the groundwork for a recovery, Bitcoin faces one major obstacle directly ahead — a powerful supply cluster that is blocking its path to a new uptrend.
13 / 15
This is the “ridge” Bitcoin must clear before a true recovery can begin.
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Notably, this resistance band also aligns with the 0.618 Fibonacci retracement level at $109,683 — often considered one of the most important resistance lines in technical…
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To confirm a breakout from the bottom, Bitcoin needs a daily close above $109,683. A more secure confirmation comes at $112,652, which corresponds to the 0.786 Fibonacci level.
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