Bitcoin Faces Resistance Amid Bearish Signals: Key Levels to Watch

As of November 12, 2025, Bitcoin's price action shows signs of struggle as bearish trends emerge. The cryptocurrency briefly recovered above $115,000 but failed to sustain momentum, facing renewed selling pressure. Critical resistance now stands near $116,000, with technical indicators pointing to potential downside risks. A bearish trend line has formed at $118,250 on the hourly chart, while the 100-hour moving average continues to act as dynamic resistance. The failure to hold above $115,000 has shifted market sentiment, with $110,500 emerging as the next key support level. Traders are closely monitoring these developments as Bitcoin's short-term trajectory remains uncertain.

Bitcoin Price Struggles as Bearish Trends Emerge

Bitcoin's price recovery above $115,000 proved short-lived as selling pressure resurged. The cryptocurrency now faces critical resistance NEAR $116,000, with technical indicators suggesting potential downside risk.

A bearish trend line has formed at $118,250 on the hourly chart, while the 100-hour moving average acts as dynamic resistance. The failure to hold above $115,000 has shifted market sentiment, with $110,500 emerging as the next key support level.

Market participants are watching the $114,000-$116,000 zone closely. A decisive break above this barrier could invalidate the bearish scenario, potentially targeting $117,200. However, the current technical setup favors sellers in the near term.

BlackRock CEO Fink Sees $4 Trillion Opportunity in Digital Wallets Amid Record AUM Growth

BlackRock CEO Larry Fink highlighted the $4.1 trillion held in digital wallets globally as the next frontier for asset management, with much of this capital concentrated outside the U.S. The world's largest asset manager reported record assets under management of $13.46 trillion, up from $11.48 trillion a year earlier, signaling accelerating convergence between traditional finance and digital assets.

Fink positioned tokenization as central to BlackRock's growth strategy, comparing crypto's role to gold as an alternative store of value. The firm's digital asset exposure has tripled since 2024, driven by Bitcoin ETF demand and tokenization initiatives supported by its Aladdin technology platform. "If products like ETFs could be tokenized," Fink noted, "it would create the next wave of opportunity."

BlackRock's financials reflect this momentum: $171 billion in long-term net inflows pushed revenue to $6.5 billion, with organic base fees climbing 8%. The figures underscore institutional demand for regulated crypto exposure through vehicles like spot bitcoin ETFs.

Metaplanet’s Bitcoin-Backed Valuation Dips Below Key Threshold

Metaplanet Inc. (TSE Standard: 3350) saw its market-adjusted net asset value (mNAV) slip below 1.0 for the first time on Tuesday, triggering a 12.36% stock plunge to JPY 482. The Bitcoin-centric firm now trades at a discount to its 30,823 BTC holdings—a rare divergence for crypto-treasury plays.

Analysts interpret the mNAV breach as either a warning sign for digital-asset equities or a temporary dislocation. "This could signal bubble deflation in crypto-balance-sheet stocks," said Smartkarma's Mark Chadwick. Others attribute the dip to macro pressures like escalating US-China tensions rather than fundamentals.

Despite recovering to 1.01 later in the session, the event spotlights growing market skepticism. Year-to-date gains of 28.7% contrast sharply with a 20.3% monthly decline, reflecting Bitcoin's volatile price action. The mNAV metric remains critical for assessing capital flexibility in crypto-native firms.

Fed’s Dovish Stance Could Turbocharge Crypto Markets in Q4

Federal Reserve Chair Jerome Powell's recent remarks have injected Optimism into cryptocurrency markets, signaling a potential shift toward looser monetary policy. The acknowledgment of rising unemployment risks suggests the central bank may soon end its quantitative tightening program, with market pricing indicating near-certain rate cuts by year-end.

Bitcoin stands to benefit directly from the Fed's pivot, as evidenced by immediate bullish reactions across crypto markets. Powell's statement that 'there is no risk-free path for policy' underscores the delicate balance between inflation control and employment goals - a tension that often drives capital toward alternative assets.

Traders are pricing in a 95.7% probability of a 25-basis-point cut at the October meeting, with December likely bringing another reduction. This anticipated 50-basis-point easing by year's end creates favorable conditions for risk assets, particularly cryptocurrencies that have historically thrived in low-rate environments.

Bitcoin Nears Key Resistance Level Amid Mixed Market Signals

Bitcoin hovers below a critical long-term resistance level that historically precedes significant price rallies. Trading at $112,100, the asset shows short-term weakness with an 8% weekly decline, but underlying technical indicators suggest latent bullish momentum.

The logarithmic growth curve—a proven cyclical barrier—remains unbroken, mirroring conditions seen before past parabolic advances. Analysts note that Bitcoin's price tends to accelerate sharply once this threshold is breached. Meanwhile, the monthly Relative Strength Index (RSI) flirts with 72, echoing its 2017 posture before a major upward breakout.

Market observers await confirmation of a decisive trendline break. The current technical setup, while inconclusive, bears striking resemblance to historical precursors of explosive moves.

Bitcoin Crash Differs from LUNA and FTX Collapses, Glassnode Reports

Glassnode's latest analysis reveals a stark contrast between Bitcoin's recent downturn and the catastrophic collapses of LUNA and FTX in 2022. The on-chain analytics firm highlights structural differences in the Percent Supply in Profit metric, which tracks the proportion of BTC holdings currently in profit.

Unlike previous crashes, Bitcoin's current supply dynamics show resilience. The indicator, derived from transaction history analysis, compares each token's last transfer price against current market value. This methodology provides a clearer picture of investor positions during market stress.

Glassnode's data visualization demonstrates how Bitcoin's profit distribution has evolved since 2020, offering institutional investors crucial insights into market cycles. The firm's findings suggest Bitcoin's current correction follows more typical market behavior rather than reflecting systemic risks seen in altcoin failures.