{"id":57179,"date":"2025-11-07T02:46:39","date_gmt":"2025-11-07T02:46:39","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=57179"},"modified":"2025-11-07T02:46:39","modified_gmt":"2025-11-07T02:46:39","slug":"are-btc-and-eth-near-breakdown-or-rebound-bitcoin-tests-50w-sma-as-ethereum-eyes-upside","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=57179","title":{"rendered":"Are BTC and ETH Near Breakdown or Rebound? Bitcoin Tests 50W SMA as Ethereum Eyes Upside"},"content":{"rendered":"<div>\n<p><span style=\"font-weight: 400\">Bitcoin price is sitting at an important area as it tests its 50-week simple moving average near $102,000.\u00a0 <\/span><span style=\"font-weight: 400\">This level has supported past market cycles. When it failed in earlier years, the market slipped into deeper declines.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Right now, Bitcoin price trades close to $101,500, down about -2.4% in the past day. Even so, it\u2019s still down -5.8% over the week.\u00a0<\/span><\/p>\n<div class=\"chart crypto-chart-instance\" id=\"crypto_chart_690d5c90057cd\" data-coin-id=\"bitcoin\">\n<div class=\"chart__header\">\n<div class=\"chart__info\">\n<div class=\"chart__info-icon\">\n\t\t\t\t<img id=\"crypto_chart_690d5c90057cd-chart__info-icon-img\"><\/p>\n<div class=\"chart__info-name\" id=\"crypto_chart_690d5c90057cd-chart__info-name\"><\/div>\n<div class=\"chart__info-symbol\" id=\"crypto_chart_690d5c90057cd-chart__info-symbol\"><\/div>\n<\/p><\/div>\n<div class=\"chart__info-current\">\n<div class=\"chart__info-price\" id=\"crypto_chart_690d5c90057cd-chart__info-price\"><\/div>\n<div class=\"chart__info-change\" id=\"crypto_chart_690d5c90057cd-chart__info-change\"><\/div>\n<\/p><\/div>\n<div class=\"chart__info-extra\">\n<div class=\"chart__info-label\">Market Cap<\/div>\n<div class=\"chart__info-marketcap\" id=\"crypto_chart_690d5c90057cd-chart__info-marketcap\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"chart__controls\">\n<div class=\"chart__controls-group\">\n\t\t\t\t<button class=\"chart__button chart__button--24h\" id=\"crypto_chart_690d5c90057cd-btn-24h\">24h<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--7d\" id=\"crypto_chart_690d5c90057cd-btn-7d\">7d<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--30d\" id=\"crypto_chart_690d5c90057cd-btn-30d\">30d<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--1y\" id=\"crypto_chart_690d5c90057cd-btn-1y\">1y<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--all-time\" id=\"crypto_chart_690d5c90057cd-btn-all-time\">All Time<\/button>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"chart__container\">\n\t\t<canvas class=\"chart__canvas\" id=\"crypto_chart_690d5c90057cd-cryptoChart\"><\/canvas>\n\t<\/div>\n<\/div>\n<p><span style=\"font-weight: 400\">Daily trading volume is near $61.7Bn, showing steady participation despite the pullback.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Traders are watching this zone closely. A clean bounce could calm the market and a drop below it could hint at more weakness ahead.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The long-term chart signals caution. Each time Bitcoin has slipped below its 50-week simple moving average (50W SMA), the market has suffered heavy losses.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Analyst Ali Martinez <\/span><a class=\"general-link\" href=\"https:\/\/x.com\/ali_charts\/status\/1986168894063624238\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">pointed<\/span><\/a><span style=\"font-weight: 400\"> to several examples. The market dropped about 50% in 2011, 67% in 2014, 60% in 2018, and 66% in late 2021.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Bitcoin <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> has seen an average 60% drop each time it has lost the 50W SMA as support.<\/p>\n<p>Today, that would point to $40,000. <a href=\"https:\/\/t.co\/LBYiDj0MBY\">https:\/\/t.co\/LBYiDj0MBY<\/a> <a href=\"https:\/\/t.co\/iVdxKesfAt\">pic.twitter.com\/iVdxKesfAt<\/a><\/p>\n<p>&mdash; Ali (@ali_charts) <a href=\"https:\/\/twitter.com\/ali_charts\/status\/1986168894063624238?ref_src=twsrc%5Etfw\">November 5, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400\">Even during the 2020 COVID shock, Bitcoin fell roughly 55% after losing this level.<\/span><\/p>\n<p><span style=\"font-weight: 400\">With that history in mind, a clear break below $102,000 could open the way to the $40,000 area. Many traders now see that zone as a critical support for Bitcoin\u2019s broader market structure.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Analyst Lennaert Snyder also marked $102,000 as important short-term support.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> trading at crucial levels here.<\/p>\n<p>It rejected the 4H $104,660 dropoff for now, I prefer to hold key $102,000 support to not lose the 4H uptrend.<\/p>\n<p>Therefore $102,000 is interesting for longs after lower timeframe reversals.<\/p>\n<p>&quot;The&quot; level to gain for Bitcoin is $107,100\u2026 <a href=\"https:\/\/t.co\/lkVFOqBaUm\">pic.twitter.com\/lkVFOqBaUm<\/a><\/p>\n<p>&mdash; Lennaert Snyder (@LennaertSnyder) <a href=\"https:\/\/twitter.com\/LennaertSnyder\/status\/1986347850792312879?ref_src=twsrc%5Etfw\">November 6, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400\">He said the four-hour chart still shows an upward trend, but warned that bulls need to take back $107,100 to keep that momentum intact.<\/span><\/p>\n<p><strong>DISCOVER:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">20+ Next Crypto to Explode in 2025<\/a><\/strong><\/p>\n<h2><b>Ethereum Price Prediction: Could ETH Be Preparing for a New Upside Phase?<\/b><\/h2>\n<p><span style=\"font-weight: 400\">Ethereum was trading near $3,305 at press time, down -2.9% over the past day.<\/span><\/p>\n<div class=\"chart crypto-chart-instance\" id=\"crypto_chart_690d5c9010e31\" data-coin-id=\"ethereum\">\n<div class=\"chart__header\">\n<div class=\"chart__info\">\n<div class=\"chart__info-icon\">\n\t\t\t\t<img id=\"crypto_chart_690d5c9010e31-chart__info-icon-img\"><\/p>\n<div class=\"chart__info-name\" id=\"crypto_chart_690d5c9010e31-chart__info-name\"><\/div>\n<div class=\"chart__info-symbol\" id=\"crypto_chart_690d5c9010e31-chart__info-symbol\"><\/div>\n<\/p><\/div>\n<div class=\"chart__info-current\">\n<div class=\"chart__info-price\" id=\"crypto_chart_690d5c9010e31-chart__info-price\"><\/div>\n<div class=\"chart__info-change\" id=\"crypto_chart_690d5c9010e31-chart__info-change\"><\/div>\n<\/p><\/div>\n<div class=\"chart__info-extra\">\n<div class=\"chart__info-label\">Market Cap<\/div>\n<div class=\"chart__info-marketcap\" id=\"crypto_chart_690d5c9010e31-chart__info-marketcap\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"chart__controls\">\n<div class=\"chart__controls-group\">\n\t\t\t\t<button class=\"chart__button chart__button--24h\" id=\"crypto_chart_690d5c9010e31-btn-24h\">24h<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--7d\" id=\"crypto_chart_690d5c9010e31-btn-7d\">7d<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--30d\" id=\"crypto_chart_690d5c9010e31-btn-30d\">30d<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--1y\" id=\"crypto_chart_690d5c9010e31-btn-1y\">1y<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--all-time\" id=\"crypto_chart_690d5c9010e31-btn-all-time\">All Time<\/button>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"chart__container\">\n\t\t<canvas class=\"chart__canvas\" id=\"crypto_chart_690d5c9010e31-cryptoChart\"><\/canvas>\n\t<\/div>\n<\/div>\n<p><span style=\"font-weight: 400\">A weekly chart shared by the analyst shows the asset holding an important technical zone after its recent pullback.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Price bounced close to the 50-week moving average and the 0.618 Fibonacci level near $3,130, an area viewed as solid mid-cycle support.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The chart also shows Ethereum moving inside a long-term ascending wedge, a structure that has guided its trend since 2020.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a> very nice hold of support on the 50 WMA and the 0.618 Fib at $3130<\/p>\n<p>Let&#39;s see a return to $4000 next and the worst can be behind <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a>. <a href=\"https:\/\/t.co\/4VPIIiUFNl\">pic.twitter.com\/4VPIIiUFNl<\/a><\/p>\n<p>&mdash; The Long Investor (@TheLongInvest) <a href=\"https:\/\/twitter.com\/TheLongInvest\/status\/1986429415958474999?ref_src=twsrc%5Etfw\">November 6, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400\">The chart indicates that the market may have finished its corrective Phase 2 and could be preparing for a broader move higher.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The next major hurdle sits near $4,865, which marks the previous cycle peak. The analyst sees this level as a practical upside target.<\/span><\/p>\n<p><span style=\"font-weight: 400\">If price continues to push higher, the move would line up with a broader wave extension. In that case, the 1.618 Fibonacci level near $8,800 comes into view as the next major upside zone.<\/span><\/p>\n<p><span style=\"font-weight: 400\">A steady rise in support levels and a clear upward trendline back the optimistic view.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">But if Ethereum slips below $3,130, it could fall toward deeper support around $2,800. For now, momentum looks steady, even with recent swings.<\/span><\/p>\n<p><strong>DISCOVER:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-crypto-to-buy\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">Top 20 Crypto to Buy in 2025<\/a><\/strong><\/p>\n<h2><b>Why Did Bitmine Immersion Technologies Purchase Over 40,000 ETH?<\/b><\/h2>\n<p><span style=\"font-weight: 400\">On-chain analytics firm Lookonchain says large investors were active during the latest market dip.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Whales keep accumulating <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a> \u2014 over the past 3 days, many whales have collectively bought 394,682 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a>($1.37B).<a href=\"https:\/\/t.co\/RhDYQM0yl6\">https:\/\/t.co\/RhDYQM0yl6<\/a> <a href=\"https:\/\/t.co\/3qMSojTSTu\">pic.twitter.com\/3qMSojTSTu<\/a><\/p>\n<p>&mdash; Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1986260912412762520?ref_src=twsrc%5Etfw\">November 6, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400\">Data shows eight major wallets bought a combined 394,682 ETH, valued at roughly $1.37 billion, over the past three days.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Their average entry price was about $3,462. Lookonchain pointed to one buyer linked to Aave as the biggest participant.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">This wallet picked up 257,543 ETH, worth around $896 million, making it the most aggressive accumulator during the pullback.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The second-largest buyer was Bitmine Immersion Technologies, known as Ethereum\u2019s biggest corporate holder. The company added 40,719 ETH, worth close to $139.6 million.<\/span><\/p>\n<p><span style=\"font-weight: 400\">OnChain Lens data shows Bitmine first bought 20,205 ETH from Coinbase and FalconX. It later received another 20,514 ETH from FalconX.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">A newly created wallet received 20,514 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a> worth $69.31M from <a href=\"https:\/\/twitter.com\/hashtag\/FalconX?src=hash&amp;ref_src=twsrc%5Etfw\">#FalconX<\/a>, and it likely belongs to <a href=\"https:\/\/twitter.com\/hashtag\/Bitmine?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitmine<\/a>.<\/p>\n<p>In total, Bitmine (<a href=\"https:\/\/twitter.com\/BitMNR?ref_src=twsrc%5Etfw\">@BitMNR<\/a>) has bought 40,719 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a> worth $138.28M, in the past 6 hours.<\/p>\n<p>Address: 0x243e02eaF194A757577e9A4EEAf63478b06F586f6 <a href=\"https:\/\/t.co\/vjeUFUef2H\">https:\/\/t.co\/vjeUFUef2H<\/a> <a href=\"https:\/\/t.co\/IkBnhTvQdv\">pic.twitter.com\/IkBnhTvQdv<\/a><\/p>\n<p>&mdash; Onchain Lens (@OnchainLens) <a href=\"https:\/\/twitter.com\/OnchainLens\/status\/1986248815226306624?ref_src=twsrc%5Etfw\">November 6, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400\">Data from Santiment suggests short-term traders are under pressure. Those active over the past 30 days are sitting on average unrealized losses of about 12.8%.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83e\udd73 Ethereum has nearly scraped $3,500 again after threatening to fall below its $3,000 support just 20 hours ago. Traders active in the past 30 days show an average return of -12.8%, indicating there is still a severe level of pain and room to continue rising until it rises back\u2026 <a href=\"https:\/\/t.co\/BXCpuufAe5\">pic.twitter.com\/BXCpuufAe5<\/a><\/p>\n<p>&mdash; Santiment (@santimentfeed) <a href=\"https:\/\/twitter.com\/santimentfeed\/status\/1986150494780211303?ref_src=twsrc%5Etfw\">November 5, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400\">Longer-term traders are also slightly in the red. Santiment noted that wallets active within the past year now show an average return of \u20130.3%.<\/span><\/p>\n<p><strong>EXPLORE:<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/news\/bitcoin-btc\/seeking-a-career-change-become-a-bitcoin-bounty-hunter-in-fordow-iran\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">\u00a0Seeking a Career Change? Become a Bitcoin Bounty Hunter in Fordow, Iran<\/a><\/strong><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/bitcoin-btc\/are-btc-and-eth-near-breakdown-or-rebound-bitcoin-tests-50w-sma-as-ethereum-eyes-upside\/\">Are BTC and ETH Near Breakdown or Rebound? Bitcoin Tests 50W SMA as Ethereum Eyes Upside<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price is sitting at an important area as it tests its 50-week simple moving average near $102,000.\u00a0 This level has supported past market cycles. When it failed in earlier years, the market slipped into deeper declines. Right now, Bitcoin price trades close to $101,500, down about -2.4% in the past day. Even so, it\u2019s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-57179","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/57179","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=57179"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/57179\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=57179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=57179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=57179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}