Bitcoin Market Overview
As of November 13, 2025, Bitcoin (BTC) is trading at $98,560.00, which marks a 2.90% decline over the past 24 hours. Despite this slight dip, Bitcoin's market cap stands strong at $1,966.09 billion, maintaining its market dominance at approximately 64.7% of the total cryptocurrency market valued at around $3.04 trillion. This gives us a clear picture of Bitcoin's undeniable position as the flagship cryptocurrency.
Key Metrics
- Current Price: $98,560.00 - Market Cap: $1,966.09 billion - 24-Hour Trading Volume: $90.46 billion - Market Dominance: 64.7% - Circulating Supply: 19,948,012 BTCBTC Technical Analysis
Bitcoin's price movement is always a hot topic among traders, and right now, we're in the midst of what appears to be a consolidation phase. Having recently hit an all-time high of $126,080 on October 6, 2025, Bitcoin has retraced about 22.02%, leading to its current price. Traders are eyeing the support levels around $95,000 to $100,000. These levels have historically been zones where buying interest tends to re-emerge.
Key Support and Resistance Levels
- Support: $95,000 and $90,000 - Resistance: $105,000The Relative Strength Index (RSI) suggests that Bitcoin might be approaching oversold territory, a signal that could entice buyers looking for value. Meanwhile, the Moving Average Convergence Divergence (MACD) shows potential for a bullish crossover, indicating that momentum could swing upwards if trading volumes support it.
Bitcoin Fundamentals
Bitcoin maintains its allure due to its capped supply, with a maximum of 21 million BTC ever to be mined. With 19,948,012 BTC currently in circulation, scarcity is a central theme in Bitcoin's valuation. The network continues to strengthen with ongoing upgrades like enhancements to the Lightning Network, which are crucial for scalability and broader adoption. Additionally, Bitcoin's use in decentralized finance (DeFi) and cross-border transactions are expanding its utility.
BTC On-Chain Analysis
On-chain data reveals a robust network with high transaction throughput and increasing wallet addresses, signifying active user participation. The network's hash rate remains strong, a testament to its security and resilience against potential threats. These metrics suggest a healthy network poised for long-term growth.
Bitcoin Scenarios and Price Targets
Bullish Scenario
1. Breakout Above $105,000: A push past this resistance could set the stage for a retest of the ATH at $126,080. 2. Institutional Adoption: Continued institutional interest could provide the needed momentum. 3. Positive Macro Developments: Any favorable regulatory or economic news could further propel Bitcoin upwards.Bearish Scenario
1. Drop Below $95,000: Could lead to a test of the $90,000 support, potentially triggering further declines. 2. Economic Uncertainty: Any adverse news or regulatory crackdowns could affect market sentiment. 3. Decreased Trading Volume: A lack of buying pressure might sustain the bearish sentiment.BTC Trading Strategy and Risk Management
Traders looking to capitalize on Bitcoin's current range might consider range trading strategies, focusing on the $95,000 support and $105,000 resistance levels. Options contracts can be leveraged to hedge against downside risks while capturing potential upside. It's crucial to adjust position sizes according to risk tolerance and market conditions.
Final Verdict and Key Bitcoin Takeaways
Here's what I'm seeing in BTC: Bitcoin remains a powerhouse in the crypto space, and while it faces short-term bearish pressures, its long-term fundamentals are rock solid. Investors should keep an eye on the key support and resistance levels, as they offer potential entry and exit points. Whether you're holding for the long haul or trading the volatility, Bitcoin's position as a pivotal asset in the cryptocurrency landscape remains unchanged.
Remember, it's not just about the numbers but understanding the story they tell. Bitcoin's current market dynamics offer both challenges and opportunities for savvy traders and investors alike.
