After a weekend recovery to $110,000, Bitcoin corrected to $107,000. The trader known as CrypNuevo anticipates “one of the most challenging trading weeks” ahead for the digital gold.
$BTC Sunday update:
In all honesty, it looks like this could be one of the most difficult trading weeks of Q4.
That makes me think we might be in a range-bound environment; therefore, I should be aware of a potential range lows retest.
Let’s give this a thought:
🧵↓(1/6) pic.twitter.com/QzhiSqha8i
— CrypNuevo 🔨 (@CrypNuevo) November 2, 2025
“This leads me to think we are likely in a sideways range, meaning we should be prepared for a potential retest of its lower boundaries,” he noted.
The expert highlighted a coincidence: the price lows align with the 50-week exponential moving average at $101,150. According to him, this increases the likelihood of a bottom forming in this area.
A similar situation occurred in October when Bitcoin’s price sharply retreated from its all-time high at $126,200.
“If this is indeed an accurate range, a breakout is more likely to occur upwards due to strong support at the lower boundaries and a liquidity imbalance above the upper ones,” added CrypNuevo.
Historically, the first week of November is considered one of the most favorable for Bitcoin.
Historically, this is one of Bitcoin’s most bullish weeks of the entire year 🔎
Reversal incoming? 🤔 pic.twitter.com/bNKE6Mf8Je
— Bitcoin Archive (@BTC_Archive) November 3, 2025
The trader known as Daan Crypto Trades believes that to determine the nearest price targets, one must consider the liquidity distribution in the order book.
Gm! New week ahead. Video live in a few hours. Speaking about exactly this current region for $BTC and my view on the cycle.$BTC Two big liquidity levels had built up in the short term during the weekend range.
Price took out the lower bound that was sitting at $108.5K.… pic.twitter.com/4fKvDvTrIF
— Daan Crypto Trades (@DaanCrypto) November 3, 2025
He emphasized that over the weekend of November 1 and 2, two significant clusters formed. A substantial volume of orders remains around the $112,000 mark, and on broader time frames, in the $105,000 and $117,000 zones.
Bitcoin maximalist Mark Cullen pointed out the risks associated with the accumulation of liquidity below current levels:
“The first cryptocurrency looks weak, and the lower cluster seems like an enticing target. The question is whether we will see another growth attempt before a deeper correction in the coming days or weeks. It will all depend on the first American trading session.”
The “Old Guard” Pressures the Price
Analysts at QCP reported large Bitcoin transfers to the Kraken exchange by early investors. They noted that these players continued a previously started trend, which “explains the first ‘red’ October for the cryptocurrency since 2018.”
“The theory that long-term holders are initiating the current consolidation seems justified. Recent sell-offs, including today’s, lacked a clear macro catalyst, even despite the rise in stocks and other risky assets amid supportive policies,” the experts added.
They also highlighted that over the past week, volatility and demand for protective options have increased. However, the overall situation “indicates a lack of panic and fear” of a potential collapse.
Digital gold remains resilient — over the past month, the market absorbed 450,000 BTC from the “old” supply, preventing a drop below $100,000.
“Despite the slowdown in accumulation by corporations like Strategy and Metaplanet, as well as minor sales by small treasuries, spot prices maintain support. Even the outflow from ETF last week could not break Bitcoin’s current range,” noted QCP.
According to experts, the current consolidation resembles the period before the breakout in 2024. Otherwise, it may signal the onset of a crypto winter, the analysts concluded.
Back in October, Sigma Capital CEO Vinit Budki predicted a 70% drop in Bitcoin.
For more on the dynamics of digital gold in October, read the latest ForkLog digest.