Across the daily chart, the landscape remains distinctly bearish. bitcoin has now shed nearly 20% from its October peak of $126,272, establishing a strong downtrend with consistent lower highs and lower lows.

The current pivot is the $103,530 support—already tested twice—where another failure could accelerate losses toward the $98,000–$100,000 range. Elevated red candle volume on this timeframe confirms that sellers are still firmly in control, and unless bulls stage a convincing reversal with volume and pattern alignment, the pressure could intensify.

BTC/USD 1-day chart via Bitstamp on Nov. 4, 2025.

Zooming into the four-hour chart, bitcoin’s structure echoes its daily counterpart: a staunch downtrend, with a lower high carved out at $116,381. Notably, recent candlesticks near support are small and indecisive, suggesting buyers lack conviction. A cluster of red volume bars indicates potential panic selling, and the resistance zone between $108,000 and $110,000 could repel any weak bounces. A break below $103,553 without a successful retest would likely validate a bearish continuation.

BTC/USD 4-hour chart via Bitstamp on Nov. 4, 2025.

On the one-hour chart, things look no less dicey. bitcoin staged a meek bounce off $103,553, but it lacks momentum—literally and figuratively. The pattern forming resembles a bear flag, notorious for preceding further downside. Volume on the recovery is underwhelming, signaling that buyers are either absent or merely dipping toes. Should bitcoin manage to close above $105,000 with convincing volume, a minor relief rally could ensue, but the more probable script sees sellers reassert control near the $106,000 ceiling.

BTC/USD 1-hour chart via Bitstamp on Nov. 4, 2025.

Looking under the hood at the indicators, the story remains consistent. The relative strength index (RSI) reads a subdued 36, showing neutrality but leaning oversold. The stochastic oscillator echoes this at 20, and the commodity channel index (CCI) has plunged to −168. The average directional index (ADX) rests at a passive 18, while the awesome oscillator is negative at −4,768. Momentum sits at −7,207, and the moving average convergence divergence (MACD) level stands at −1,627—both signaling downside force. Every major exponential moving average (EMA) and simple moving average (SMA) from the 10-period to the 200-period sits well above current price, reinforcing the weight pressing down.

At this point, bitcoin is clinging to a precipice, and all three major timeframes point to the same nerve center: $103,500. It’s a line in the sand where bulls might mount a comeback—or get steamrolled. The next few candles could shape the near-term trend, but as it stands, the charts are not smiling kindly upon upward optimism.

Bull Verdict:

If bitcoin holds the $103,500 support with conviction—ideally confirmed by rising volume and a bullish reversal pattern—then a rebound toward the $108,000–$110,000 resistance zone remains on the table. Short-term momentum could flip if buyers show up with purpose, but they’ll need to punch through a wall of overhead moving averages to regain control.

Bear Verdict:

Should bitcoin decisively breach $103,500 without a credible retest, expect a swift descent toward the $98,000–$100,000 range. The trend is bearish across all major timeframes, and momentum indicators, along with uniformly bearish moving averages, point to sustained downside unless bulls stage an unusually strong counterattack.

• What is bitcoin’s current price?
  bitcoin is trading at $104,518 as of November 4, 2025.
• Where is bitcoin’s key support level?
  The critical support zone is at $103,500, observed across all major timeframes.
• What is bitcoin’s recent trading range?
  bitcoin has traded between $103,656 and $108,151 over the last 24 hours.
• What trend do bitcoin’s charts show now?
  Technical indicators point to a sustained bearish trend with weak bullish momentum.

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