Crypto Technical Analysis Report | 7th November 2025

Over the past week, the crypto market experienced a notable pullback, with Bitcoin slipping nearly 8% and falling toward key support levels, while Ethereum managed a modest rebound. On-chain data reflects easing leverage and reduced short-term holder stress, yet institutional flows remain weak and volumes muted. Macro pressures are mounting — stubborn inflation and the prospect of higher interest rates continue to weigh on risk assets, including crypto, while regulatory uncertainty and stablecoin dynamics add further caution. In short, the market remains in a consolidation phase — liquidation risks have been flushed out, but a sustained recovery likely hinges on a catalyst such as renewed institutional demand or a dovish monetary shift.

Bitcoin’s price could potentially decline by nearly 50% if its month-long downward trend continues. Yet, on-chain data from Glassnode suggests the current correction may not be as alarming as many fear. The analytics firm noted that Bitcoin’s brief dip to $98,000 on Nov. 4 — its first fall below the key $100,000 mark in over four months — may have signaled a local bottom. Unlike the deep drawdowns of the 2022–2023 bear market, the latest data shows network stress at just 3.1%, indicating a moderate correction rather than a full-scale downturn — similar to mid-cycle pullbacks seen in late 2024 and early 2025, both of which stayed below the 5% threshold. While short-term sentiment remains mixed, several analysts are revising their long-term outlooks. ARK Invest’s Cathie Wood, for instance, recently reduced her long-term Bitcoin price target by $300,000, citing the growing dominance of stablecoins in emerging markets as a factor diminishing Bitcoin’s appeal as a store of value.

Ether traders appear increasingly optimistic on social media after the token showed a modest rebound on Thursday, despite broader market weakness. Sentiment surged as Ether approached the $3,500 mark, a move many viewed as a sign of renewed strength. Over the past 24 hours, Ether has ranged between $3,251 and $3,451, signaling consolidation after recent volatility. However, the correction triggered significant liquidations — with over $39 million in long positions wiped out on Binance, marking the largest since Oct. 10. In total, long liquidations across the crypto market topped $1.3 billion, reshaping the derivatives landscape and creating a noticeable imbalance between long and short positions.

Technical Outlook

Bitcoin (BTC)

After reaching a new all-time high of $126,199, BTC saw a sharp 20% decline to $102,000. The asset then traded in a range between $116,000 and $107,000 before breaking below and touching a low of $98,944. However, it did not close below the psychological $100,000 level. If BTC sustains above this support, a relief rally toward $107,000 is possible. For further upside, it must close above $107,000. Conversely, a close below $100,000 could push prices toward the next support at $90,000.

Ethereum (ETH)

ETH formed a Doji candle after hitting its all-time high of $4,956, signaling indecision. The asset then dropped nearly 38% to $3,057, where bulls defended the $3,000 support, sparking a relief rally to $3,480. Currently, ETH is consolidating between $3,200 and $3,450. A decisive close above $3,500 could signal the next upward leg.

Solana (SOL)

SOL, after peaking at $253.56, fell nearly 42% to a low of $145.5. It now trades within a narrow range of $155–$165. A breakout above or below this range will likely determine the asset’s next trend direction.

Weekly Snapshot:

Market Updates

• The U.S. Treasury faces mixed feedback from crypto and banking groups over how to implement the GENIUS Act, governing stablecoin payments.
• Residents in Hood County, Texas, have failed in their bid to form a municipality aimed at regulating noise from a nearby Bitcoin mining facility.
• Bank of England Deputy Governor Sarah Breeden stated the U.K. aims to stay aligned with U.S. stablecoin regulations, emphasizing the need for synchronized frameworks for the $310 billion market.

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