Weekly Crypto Price Forecast | Bitcoin Eyes $120K Breakout (Nov 3–10, 2025)

The first week of November begins with cautious optimism as Bitcoin (BTC) defends its critical $106K–$107K support zone after several failed attempts to expand above $112K. Volatility remains compressed, but traders are preparing for a decisive breakout. All eyes are on ETF net flows, spot liquidity shifts, and whether bulls can reclaim the short-term EMAs to re-ignite the upward trend.

Market Overview

After printing a September swing high near $125K, Bitcoin has been carving a broad consolidation channel between $105K and $120K, with mid-range acceptance around $108K. Market structure remains constructive as long as price holds above $106K — a zone that has repeatedly acted as a magnet for buyer interest.

Momentum indicators show neutral-to-bullish potential:

• RSI (daily) is hovering around 50–52, suggesting room for expansion higher.
• MACD (1D) is curling toward a bullish crossover, with histogram bars shrinking to neutral.
• Volume has declined slightly week-over-week — typical behavior before range expansion.

Analyst @rektcapital highlights that BTC’s structure closely mirrors mid-cycle consolidation phases before prior breakout rallies, while @CryptoTony_ points to “hidden bullish divergence” on the 4-hour RSI, reinforcing the short-term upside bias.

Bullish Setup: Break and Extend Toward $120K

This week’s primary bullish thesis centers around the market’s ability to sustain accumulation above $106K and push through the $111K–$113K resistance cluster.

Why this move is likely:

1. Buyers continue to front-run the $106K–$107K support area, producing a sequence of higher lows.
2. A clean daily or 4H close above $112K would invalidate short positions and trigger a momentum chase.
3. Institutional sentiment improves as ETF inflows resume, with on-chain data showing reduced exchange balances.

Key Technical Levels

• Support Zone: $106K–$107K (green zone).
• Breakout Trigger: 4H close above $112K with volume expansion.
• Bullish Targets:
  • $116K (first resistance)
  • $118.5K (measured move projection)
  • $120K (psychological “Bullish Target”)

Indicators Supporting the Case

• RSI rising into the 60–65 range on intraday frames, confirming renewed momentum.
• MACD cross-up with expanding histogram bars on the 4H chart.
• EMAs (20/50) starting to align bullishly, signaling trend reversal potential.

Trader Sentiment
Social sentiment has shifted toward optimism, with multiple analysts on X highlighting “coiled volatility” and low funding rates — both conditions that typically precede sharp upward moves.

Technical Chart Notes

The current daily chart shows strong horizontal demand near $106K–$107K, aligning with the previous breakout zone from May 2025.
Liquidity analysis from TradingView reveals stop clusters just above $112K–$114K, suggesting potential for a quick extension move if price pierces that ceiling.

Weekly Outlook

If Bitcoin maintains the $106K–$107K base and confirms a breakout above $112K, this week could mark the start of a new bullish leg targeting $118K–$120K.
Momentum indicators support this bias, but failure to hold reclaimed levels may lead to renewed range trading.

Traders should monitor ETF flow data and intraday volume spikes for confirmation of sustained strength.
For ongoing coverage, explore our dedicated
Weekly Crypto Price Forecast section for updated technical perspectives and next week’s setups.

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