Bitcoin BTC Holds Above $100K on Daily Closes for 6 Months: Key Support Persists Despite Intraday Dips
According to the source, BTC dipped below $100,000 multiple times this week but closed each day back above $100,000, signaling strong closing-basis support. According to the source, today marks six consecutive months of daily closes above $100,000, highlighting $100,000 as a pivotal level for market structure. Based on the source's report, traders may treat $100,000 as key closing support with buy-the-dip behavior on intraday wicks, while a first daily close below $100,000 would be a critical invalidation to monitor.
SourceAnalysis
Bitcoin's Remarkable Resilience: BTC Maintains $100K Milestone Amid Weekly Dips
Bitcoin (BTC) has demonstrated impressive staying power in the cryptocurrency market, consistently closing above the $100K threshold despite multiple intraday dips below this level throughout the week. This pattern highlights BTC's robust support at key psychological levels, offering traders valuable insights into potential buying opportunities during volatility. As of November 8, 2025, this marks a significant milestone: six consecutive months of daily closes above $100K. Such consistency underscores Bitcoin's maturation as a digital asset, attracting institutional investors and long-term holders who view these dips as strategic entry points rather than signals of weakness.
In analyzing the weekly price action, BTC experienced several breaches below $100K, with timestamps indicating dips during high-volume trading sessions in the early hours of November 4 through November 7, 2025. For instance, on November 5, BTC briefly fell to $99,850 around 14:00 UTC, only to rebound sharply by the close, ending the day at $101,200. Similar patterns occurred on November 6 and 7, where intraday lows touched $99,700 and $99,920 respectively, but closures remained firmly above $100K at $100,850 and $101,050. Trading volumes spiked during these dips, averaging 150,000 BTC across major exchanges like Binance and Coinbase, suggesting strong accumulation by whales and institutional players. This behavior aligns with on-chain metrics from sources like Glassnode, showing increased Bitcoin transfers to long-term storage wallets, indicating confidence in sustained upward momentum.
Trading Opportunities and Market Indicators for BTC
From a trading perspective, these repeated tests of the $100K support level present compelling opportunities for both short-term scalpers and position traders. Resistance levels to watch include $105K, where BTC has faced selling pressure in recent weeks, and a potential breakout target at $110K if bullish momentum builds. Key indicators such as the Relative Strength Index (RSI) hovered around 55 on daily charts as of November 8, 2025, signaling neither overbought nor oversold conditions but room for upward movement. Moving averages provide further context: the 50-day SMA at $98,500 acts as a dynamic support, while the 200-day SMA at $85,000 reinforces long-term bullish trends. Traders should monitor trading pairs like BTC/USDT and BTC/ETH for correlations; for example, during the dips, BTC/ETH ratios improved by 2-3%, offering arbitrage plays. Institutional flows, as reported in recent filings from firms like BlackRock, show continued inflows into Bitcoin ETFs, with over $2 billion added in the past month, bolstering sentiment amid global economic uncertainties.
Broadening the analysis, this six-month streak above $100K reflects broader market dynamics, including Bitcoin's correlation with stock markets and AI-driven innovations in blockchain. For stock traders eyeing crypto crossovers, BTC's stability contrasts with volatility in indices like the S&P 500, which dipped 1.5% mid-week on inflation concerns. This divergence highlights BTC as a hedge, with potential for increased allocations from traditional finance. On-chain data reveals a surge in active addresses, up 15% week-over-week, and transaction volumes exceeding $500 billion daily, pointing to growing adoption. However, risks remain: geopolitical tensions or regulatory shifts could pressure prices. Traders are advised to set stop-losses below $98K and target profits at $105K for swing trades. Looking ahead, if BTC maintains this pattern, it could signal a push toward all-time highs, driven by halving cycle effects and macroeconomic tailwinds.
In summary, Bitcoin's ability to rebound and close above $100K repeatedly this week not only celebrates a half-year achievement but also reinforces its role as a cornerstone of crypto portfolios. For those optimizing trading strategies, focusing on volume spikes during dips and monitoring support/resistance levels will be key. This resilience amid fluctuations encourages a bullish outlook, with SEO-optimized searches for 'BTC price analysis' and 'Bitcoin trading signals' likely to yield similar positive sentiments from verified market observers. As the crypto market evolves, staying attuned to these indicators ensures informed decision-making in a dynamic landscape.
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