Bitcoin was trading at around $95,692 on Nov. 15, 2025, with a market capitalization of roughly $1.90 trillion and 24-hour volume near $88.59 billion. During the session, the asset moved within a relatively tight range of $93,961 to $97,203, suggesting a market caught between stabilization and renewed downside risk.
Daily chart still points to a bearish structure
On the daily timeframe, bitcoin remains under pressure after falling from its October peak of $126,272. The sequence of lower highs and lower lows continues to define the broader market structure, reinforcing a bearish trend. The report notes that previous red volume spikes reflected persistent selling pressure. Even so, the latest candle showed a modest rebound, which could either be a temporary pause or the early stage of a bottoming attempt. For now, $93,961 stands out as an important support zone, while $100,000 remains the major psychological barrier bulls need to reclaim.
Shorter timeframes show consolidation and tentative recovery
On the 4-hour chart, the pace of the decline appears to be slowing. After a brief drop to $93,961, price action moved into consolidation, while trading volume faded noticeably. That kind of volume contraction is often associated with exhaustion in selling pressure, though not necessarily a confirmed reversal. A decisive move above $97,500 with strong green volume could open the way for a retest of $100,000. Without that confirmation, however, the market risks producing only a short-lived false breakout.
The 1-hour chart offers a slightly more constructive picture. Bitcoin has been oscillating between $94,000 and $96,500, while forming a mild ascending channel. Selling activity has tapered off and buyers appear to be returning cautiously. If price breaks above $96,500 on stronger volume, the next upside targets mentioned are $97,700 and $98,500.
Indicators are mixed, but moving averages still favor bears
Momentum indicators present a mixed but cautious outlook. The RSI stands at 33, which signals weakness but not an extreme oversold condition. The stochastic oscillator sits at 8, while the CCI at -147 suggests mild bullish divergence. At the same time, the ADX reading of 31 indicates the trend still has strength. Momentum remains at -8,244 and MACD at -3,606, both implying that downside inertia has not fully disappeared.
Perhaps more importantly, bitcoin is still trading below all major moving averages from the 10-period through the 200-period, both exponential and simple. The 10-period EMA is listed at $100,673, while the 10-period SMA stands at $101,191, both above spot price. Until bitcoin reclaims these levels, the broader technical backdrop continues to favor bears.
What comes next for bitcoin
Overall, bitcoin appears to be at a critical inflection point. Lower timeframes are beginning to show signs of a potential base, but there is no full reversal confirmation yet. If buyers can reclaim $97,500 and then push through $100,000 on sustained volume, the report suggests upside room toward $104,000 to $105,000. If not, the current rebound may prove to be nothing more than a pause within a larger downtrend.