Analytics – Novarex

BTC and ETH Hold: Can Bulls Build a Rebound?

admin — Sun, 09 Nov 2025 22:50:02 +0000

Bitcoin and Ethereum have been consolidating in recent days: BTC is attempting to hold above $100,000, while ETH is attempting to return to the mid-$3,000+ range. Traders are assessing whether the market can transition from a fragile balance to a full-fledged recovery, or whether this is merely a pause before a new downward spiral.

Analysts see key resistance levels for Bitcoin in the $103,000–$105,000 range, and for Ethereum, around a strong “supply wall” around $3,700. A breakout of these levels with volume could confirm a resumption of the upward movement.

For now, market sentiment remains mixed: some investors are cautiously increasing their positions, while others are taking advantage of rebounds to lock in profits. All eyes are on macro news and possible signals from the Fed, which could set the tone for the market for the rest of the year.

ZebPay: BTC Risks Nearly 50% Drop and On-Chain Data That Calms the Market

admin — Sun, 09 Nov 2025 22:46:35 +0000

ZebPay’s report notes that if the current downtrend continues, Bitcoin could theoretically lose up to 50% of its value from its recent highs. However, on-chain metrics from Glassnode paint a less dramatic picture: BTC’s short-term drop to $98,000, the first below $100,000 in four months, could prove to be a local bottom.

The data shows that there has been no significant sell-off from long-term holders, while some miners are using the decline to redistribute their holdings. This suggests that major participants still believe in the network’s long-term potential.

The report’s authors emphasize the importance of monitoring volume levels and derivatives behavior. An increase in open interest amid falling prices could signal overheating of shorts and create conditions for a sharp short squeeze.

XTB Technical Outlook: Where Bitcoin’s Correction Might End

admin — Sun, 09 Nov 2025 22:05:32 +0000

A recent technical review from XTB shows that Bitcoin’s current correction is within the uptrend of recent months. Analysts note that previous pullbacks in BTC were comparable in scale, forming almost 1:1 corrective movements within the global rally.

After the drop to $48,000 in the summer of 2024, the next major pullback in the spring of 2025 formed a low approximately $26,000 higher, at around $74,700. If this proportion holds, the bottom of the current correction could be close to current levels.

At the same time, analysts warn that a repeat of past patterns is not guaranteed: much will depend on macroeconomics and the behavior of large holders. However, from a technical perspective, there are no signs yet of a break in the long-term bullish trend.