Bitcoin is trading near $107K, while analysts warn that a close below $100.5K could end the bull run. The main charts show low volatility and big sell-offs.
Bitcoin is trading at $107,400 at the time of writing, down 3% in the past 24 hours and 7% in the past week. Traders are keeping an eye on key price levels as the market tests long-term support.
With volatility falling and volume remaining high, several analysts are pointing to this monthly close as a potential turning point.
Fibonacci support has existed since 2023
BTC has been showing a transparent trend since early 2023. Support has been at the 38.2% Fibonacci retracement level for every significant correction so far. These levels – around $24,843, $49,200, $79,225 and currently $100,547 – have indicated local bottoms ahead of the price recovery.
Notably, the most recent monthly candle dropped to $100,500 and bounced back. This level now serves as an important reference point.
According to to analyst Cas Abbé: “If BTC closes a monthly candle below, the bull run is most likely over.The price will remain above this threshold for the time being, but the margin will become smaller.
Meanwhile, Bitcoin’s weekly chart also shows technical stress. According to Super₿ro, the Bollinger Bands are now at their tightest point ever, with the Bollinger Bandwidth indicator near 15. This level reflects a rare drop in volatility, often observed before sharp price moves.
In previous cycles, similar compression led to short-term declines, followed by quick reversals to the upside.
You might also like:
$BTC weekly
toughest push in history for the weekly Bollinger Bands
previous squeezes led to a headfake lower and then a rip higher pic.twitter.com/va8UQp5Ifo
— Superro (@SuperBitcoinBro) November 3, 2025
Short-term ranges show liquidity zones
Two major areas of liquidity formed over the weekend: according to to analyst Daan Crypto Trades. BTC reached the lower limit around $108,500, clearing that level. Another cluster remains near $112,000, with stronger interest between $105,000 and $106,000.
Ted pillows be to large bids around the $106,000-$107,000 zone and added,
“What if we dump the first week and then pump to a new ATH?”
These levels are also near long liquidation zones, which could lead to more volatility in the short term.
Long term holders sell to strength
CryptoQuant data shows that long-term holders sold more than $33 billion worth of BTC in October. This created a daily selling pressure of up to $1 billion. CryptoPatel noted that these units came from addresses that were active in multiple market cycles.
“These are not weak hands. These are OGs making gains near the top,” they said.
Demand from US investors has weakened in recent weeks and some large traders have started taking short positions. One of them is Peter Brandt, who confirmed a shortage of Bitcoin futures. The market is still processing these changes as prices are below recent highs.
SECRET PARTNERSHIP BONUS for CryptoPotato readers: Use this link to register and unlock $1,500 in exclusive BingX Exchange rewards (limited time offer).
#Bitcoin #Bull #Run #Danger #BTC #testing #crucial #support