Аналитики прогнозируют возможное формирование дна биткоина на уровне $101 150 в условиях нестабильного рынка Translation: Analysts Predict Possible Bitcoin Bottom Formation at $101,150 Amid Market Instability

After recovering to $110,000 over the weekend, the leading cryptocurrency adjusted down to $107,000. A trader using the alias CrypNuevo believes that «one of the most challenging trading weeks lies ahead» for digital gold.

*“This makes me think that we are likely in a sideways range, suggesting we should be prepared for a potential retest of its lower boundaries,”* he noted.

The expert pointed out a correlation: the price lows align with the 50-week exponential moving average at $101,150. According to him, this increases the likelihood of a bottom forming in this area.

A similar scenario was noted in October when Bitcoin sharply retraced from its all-time high of $126,200.

*“If this truly is the accurate range, a breakout is most likely to occur upwards due to strong support at the lower boundaries and a liquidity imbalance above the upper levels,”* CrypNuevo added.

Historically, the first week of November is regarded as one of the most favorable for the leading cryptocurrency.

Another trader, Daan Crypto Trades, believes that evaluating liquidity distribution in the exchange order book is essential for determining nearby price targets.

He emphasized that during the weekend of November 1 and 2, two significant clusters formed. A considerable volume of orders remains around the $112,000 mark, with broader time intervals revealing zones at $105,000 and $117,000.

Bitcoin maximalist Mark Cullen highlighted the risks associated with liquidity accumulation below current levels:

*“The leading cryptocurrency appears weak, and the lower cluster seems like an enticing target. The question is whether we will see another attempt for growth before a deeper correction in the coming days or weeks. Everything will depend on the first American trading session.”*

Analysts from QCP reported transfers of large amounts of Bitcoin to the Kraken exchange from early investors. They noted that players continued a previously established trend, which «explains the first ‘red’ October for the cryptocurrency since 2018.»

*“The theory that long-term holders are initiating the current consolidation appears justified. Recent sell-offs, including today’s, lacked a clear macro catalyst, even with rising stocks and other risk assets amid supportive policies,”* the experts added.

They also pointed out that volatility and demand for protective options have increased over the past week. However, the overall situation «indicates a lack of panic and fear» ahead of a potential crash.

Digital gold remains resilient—over the last month, the market absorbed 450,000 BTC from the «old» supply, preventing a drop below $100,000.

*“Despite the slowdown in accumulation by corporations like Strategy and Metaplanet, along with minor sell-offs by small treasuries, spot prices remain supported. Even the outflow from ETFs last week could not breach the current Bitcoin range,”* noted QCP.

In the experts’ view, the current consolidation resembles the period before a breakout in 2024; otherwise, it might signal the start of a crypto winter, the analysts concluded.

It’s worth mentioning that Sigma Capital’s CEO Vinit Budki accepted the possibility of Bitcoin’s decline by 70%.