Are BTC and ETH Near Breakdown or Rebound? Bitcoin Tests 50W SMA as Ethereum Eyes Upside

99BitcoinsFriday, November 7, 2025 at 12:29:52 AM
Bitcoin is currently testing its 50-week simple moving average around $102,000, a critical level that has historically supported market cycles. As it trades near $101,500, down about 2.4% in the last day, analysts are watching closely to see if it will rebound or break down further. This situation is significant as it could influence market trends for both Bitcoin and Ethereum, impacting investors and traders alike.
— via World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended apps based on your readingExplore all apps
Continue Readings
Strategy Stock Still a Buy at Cantor After Plunge Forces Major Price Target Cut
NegativeCryptocurrency
Strategy's stock has experienced a significant decline, prompting Cantor to reduce its price target due to a lower adjusted net asset value multiple. Analyst Brett Knoblauch highlighted that this situation prevents Strategy from issuing equity at a premium, jeopardizing its long-term plans to accumulate more bitcoin.