Let’s start from the top—on the daily chart, bitcoin is trailing a pronounced downtrend after tumbling from October’s high of $126,272. The sequence of lower highs and lower lows is a textbook bearish structure, confirmed by significant red volume spikes that scream sustained selling pressure.

However, the last candle flashed a sliver of green—potentially just a breather, or maybe the start of something more cunning. The $93,961 level is holding like a grizzled veteran, but any bounce has the imposing psychological barrier at $100,000 ready to gatekeep further gains. Still, a reversal here would need a convincing candlestick pattern—think bullish engulfing or a hammer—ideally served with a side of declining volume.

BTC/USD 1-day chart via Bitstamp on Nov. 15, 2025.

Zooming into the 4-hour chart, the bearish grind seems to be easing up. After a short-lived dive to $93,961, price action is now huddled in consolidation, licking its wounds. Volume has noticeably dropped off, often a sign of capitulation, or at least, temporary exhaustion. If bitcoin punches above $97,500 with conviction—meaning a strong close with juicy green volume—it could unlock the path to $100,000 and beyond. But anything shy of that, and this might be nothing more than a false breakout dressed up for the occasion.

BTC/USD 4-hour chart via Bitstamp on Nov. 15, 2025.

Now on the 1-hour chart, the picture gets a bit more lively. Price is trying to climb out of the hole it dug itself into, currently bouncing between $94,000 and $96,500 with a mild ascending channel forming—a bullish whisper, if not yet a full-throated scream. Volume is behaving coyly, tapering off on the sell side while buyers are cautiously returning to the floor. For those eyeing intraday opportunities, a breakout above $96,500 with volume fireworks could ignite a sprint to $97,700 or $98,500. Still, it’s wise to keep a tight leash—preferably below $93,500.

BTC/USD 1-hour chart via Bitstamp on Nov. 15, 2025.

Turning to the oscillators, there’s a mixed bag of signals with a distinct lean toward caution. The relative strength index (RSI) sits at a weary 33, indicating neither oversold nor overbought territory—just indecision in a sharp suit. The Stochastic oscillator lingers at 8, equally neutral, while the commodity channel index (CCI) dips to −147, showing mild bullish divergence. The average directional index (ADX) at 31 says the trend has strength, but which direction it’ll snap next is anyone’s guess. Meanwhile, momentum at −8,244 and the moving average convergence divergence (MACD) at −3,606 both point south, suggesting the downward inertia still has some gas in the tank.

Read more: Bitcoin’s Bollinger Bands Hit Record Squeeze: What It Signals and How to Use It

If the oscillators are playing coy, the moving averages are making no such effort. Across the board—from the 10-period to the 200-period, both exponential and simple— bitcoin remains firmly below trend, and the sentiment is about as warm as a crypto winter breeze. The exponential moving average (EMA) 10 sits at 100,673, the simple moving average (SMA) 10 at 101,191, and they only stretch higher from there, confirming price is lagging well behind. Until bitcoin gets its act together and claws its way above these metrics, the upper hand remains with the bears.

In sum, bitcoin is grinding through a crucial inflection point. The charts show tentative signs of bottoming, but there’s no full reversal confirmation—yet. If it reclaims and holds $100,000 with meaningful volume, that tune might change. But for now, the trend may be softening, not broken. It’s a chess game of levels, volume, and sentiment—and bitcoin just might be plotting its next move.

Bull Verdict:

If bitcoin reclaims $97,500 with authority and smashes through the $100,000 resistance with sustained volume, the groundwork is laid for a bullish continuation toward $104,000 or even $105,000. The formation of a bottom on lower timeframes, a decelerating selloff, and early signs of a reversal pattern provide cautious optimism for an upside recovery—provided the bulls don’t drop the ball.

Bear Verdict:

Despite minor signs of consolidation, the broader trend remains firmly bearish with price stuck beneath every major moving average from short- to long-term. Momentum indicators are still flashing weakness, and without a decisive breakout above key resistance zones, this could be just another dead-cat bounce in disguise. Until proven otherwise, the bears still hold the steering wheel.

• Where is bitcoin trading now?
  Bitcoin is trading around $95,692, with recent support near $93,961 and resistance at $97,203.
• Is bitcoin trending up or down?
  The broader trend remains bearish, though short-term charts show early signs of a possible base forming.
• What key levels should traders watch?
  Watch $94,000 for support and $97,500 to $100,000 as breakout zones.
• Are market signals bullish or bearish?
  Most indicators still point bearish, with weak momentum and all major moving averages above price.

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