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Bitcoin and Ethereum are struggling to stay above support zones after another wave of selling hit the market. The bullish energy that drove prices higher earlier this month is fading, and the clock is ticking for a strong recovery.
Bitcoin recently faced rejection near $104,000 and slid back toward $102,000. A close below that level could open the door for another move down toward $98,000. That range has acted as support several times, but repeated retests often make it fragile.
Bitcoin Faces “Make or Break” Moment
Price action on the daily chart shows a steady pattern of lower highs and lower lows, a sign of a continuing downtrend. Unless Bitcoin pushes back above $104,000–$106,000 soon, the next stop may be below the $100,000 line.
The current setup hints at a possible “death cross” — a point where short-term moving averages slide under long-term ones. Such formations often pull prices lower before any recovery attempt begins.
A brief bounce remains possible if the $98,000 support holds. Reclaiming lost ground above $104,000 would bring fresh hope of a rebound later in the month, but momentum needs to return fast.
Ethereum Struggles to Regain Strength
Ethereum is showing similar weakness. After a short recovery from around $3,000, the coin is again losing ground below resistance near $3,700. A strong daily close above that level could mark the first step toward recovery, but for now, the market remains cautious.
If selling continues, Ethereum may revisit the $2,800 zone, which has acted as a mid-range floor several times this year. The coin remains caught in a tight range with limited buying volume.
Altcoins Stay Mixed as Caution Grows
Some smaller altcoins are holding steady or showing minor rebounds, but the overall market tone remains soft. A few tokens have tried to push higher, yet none have sparked enough interest to change the broader direction.
Most digital assets are simply moving sideways while waiting for a clear shift in momentum from the top two cryptocurrencies.
Outlook for the Coming Days
The next few days could decide whether Bitcoin and Ethereum hold their ground or continue sliding lower. Strong buying near current support zones would bring some relief, but a break below could trigger another correction phase.
Price stability above $104,000 for Bitcoin and $3,700 for Ethereum remains the focus this week. If that happens, the market could regain strength heading into the second half of November.