Bitcoin Price Watch: $110K Standoff Signals Market Indecision at Resistance Line

Bitcoin’s coasting along at $109,929 to $110,056 over the last 60 minutes, holding down a $2.19 trillion market cap and a healthy 24-hour trading volume of $44.79 billion. Price action danced between $108,655 and $110,845 today—showing just enough flirtation with volatility to keep traders awake but not enough to make a real move.

Bitcoin Chart Outlook

On the daily chart, bitcoin looks like it’s doing a walk of shame from its peak of $126,272, now loitering near resistance at $110,000. After bottoming out around $103,530, it’s attempted a rebound, but with all the grace of a cat trying to leap off a slippery countertop. The volume on the initial sell-off was hefty, but that intensity has since fizzled out, now replaced with timid candles and fading volume.

This price stall suggests the market is stuck between figuring out whether it’s nursing a hangover or prepping for an encore. Key resistance levels sit at $112,000 and $115,000, with support standing ground at $103,500 and $108,000.

BTC/USD 1-day chart via Bitstamp on Nov. 1, 2025.

The 4-hour chart tells a similar tale—think of it as the daily’s moody sibling. bitcoin managed a bounce from $106,303 to just north of $111,000, but now it’s pacing in a tight range, trying to decide if it’s feeling brave. Small-bodied candles and low volume point to weak conviction. The $111,000 level has been playing hard to get, rejecting price advances like a velvet rope at an exclusive club. Until price breaks above $112,000 with volume swagger, the market may remain in sideways limbo.

BTC/USD 4-hour chart via Bitstamp on Nov. 1, 2025.

Drilling down to the 1-hour chart, bitcoin is caught in a range-bound standoff between $109,800 and $111,000. The action here is flatter than a soda left out overnight. A breakout above $111,200 would signal short-term momentum, but until then, this is textbook consolidation. Low volume underlines the lack of conviction—neither bulls nor bears are eager to make the first move, which means traders are better off playing the range than chasing ghost trends.

BTC/USD 1-hour chart via Bitstamp on Nov. 1, 2025.

Now, let’s talk oscillators, because they’re not exactly throwing a party. The relative strength index (RSI) is sitting at a neutral 46, the stochastic oscillator at 36, and the commodity channel index (CCI) at −21—neutral, neutral, and yep, you guessed it, neutral. Even the average directional index (ADX) at 17 suggests there’s not much trend strength to ride right now. Momentum sits at 2,403, leaning bullish, while the moving average convergence divergence (MACD) level is at −1,081, which curiously still suggests upward momentum. It’s as if the indicators are shrugging and saying, “We’ll see.”

The moving averages aren’t exactly screaming enthusiasm either. All short- to mid-term exponential moving averages (EMAs) and simple moving averages (SMAs)—from the 10 to the 100 period—point to weakness, with bitcoin trailing below them. Only the long-term 200-period exponential and simple moving averages are offering a glimmer of upward bias, with price managing to hover slightly above them. Translation? The longer-term trend still holds some warmth, but short-term indicators are giving it the cold shoulder.

In sum, bitcoin’s current price action is balanced on a knife’s edge between recovery and rejection. The market wants to climb, but it’s still nursing wounds from its earlier plunge. A move above $112,000 could change the narrative, but without volume, that breakout would be all bark and no bite. Until confirmation arrives, bitcoin remains in a technical standoff—one that demands patience and a close eye on momentum shifts.

Bull Verdict:

If bitcoin manages to push decisively above the $112,000 resistance level with strong volume confirmation, the technical structure could shift toward a continuation of the broader uptrend. The positive signal from momentum and the moving average convergence divergence (MACD) level suggests latent buying pressure is coiling. A breakout would likely ignite upward movement toward the $115,000–$118,000 zone, supported by the broader market’s long-term bias.

Bear Verdict:

Should bitcoin fail to reclaim the $112,000 level and instead slip below $108,000—especially with volume backing the drop—it would confirm the recent lower high formation and extend the existing correction. The lackluster readings across short-term exponential and simple moving averages, combined with neutral-to-weak oscillator readings, paint a picture of waning momentum. In that case, the path of least resistance likely leads toward the $105,000 support region or lower.

FAQ ❓

• Where is bitcoin’s price right now?As of Nov. 1, 2025, at 8 a.m., bitcoin is trading at prices between $109,929 and $110,056.
• What’s the current bitcoin market cap? Bitcoin’s market capitalization stands at $2.19 trillion.
• Is bitcoin trending up or down today? Bitcoin is range-bound with neutral momentum across most timeframes.
• What are key bitcoin levels to watch?Resistance sits at $112,000, while support holds near $108,000.

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