Bitcoin trades at around $102,001 after a 7.72% weekly decline, testing the 50-week SMA around $102,980 for the fourth time, even after multiple bullish bitcoin price predictions at the beginning of the 1 tests during 2023-2024 preceded new all-time highs, creating pattern recognition among traders monitoring Sunday’s weekly close requirement above $103,200. Descending trendline resistance has produced two rejections, with sellers dominating near-term 2 companies face pressure as Bitcoin ETF outflows reached $2.3 billion from the peak.) has closed his $BTC (40x) short position with a profit of $85,380. James finally broke the curse of liquidation with this "wynn".
Now, he just needs $21.9M to recover to breakeven. 0 3 — Onchain Lens (@OnchainLens) November 9, 2025 The Winklevoss twins also transferred 250 BTC to Gemini, potentially reaching 9,000 BTC in year-to-date sales totaling $900 4 of these transfers point towards further liquidation 5 Support Test Determines Bitcoin Price Prediction Bitcoin tests its 50-week SMA at $102,980 as the weekly close 6 previous successful defenses preceded new all-time 7 to analyst AshCrypto, the fourth test requires a close above $103,200 within 48 hours to validate continuation toward $106,000-$110,000.
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