On November 5, 2025, the cryptocurrency market is defined by a tense equilibrium. Bitcoin is fighting to maintain its footing above the crucial $100,000 level after a significant market shakeout, while major altcoins are navigating a mix of technical pressures and unique growth narratives.
Bitcoins’s Battle at a Key Psuychological Level
The spotlight is firmly on Bitcoin as it consolidates near $103,000. Analysts describe the $100,000 mark as a “massive magnet” for the market, a level of such profound psychological and technical importance that it dominates all other factors. This comes after a sharp pullback from its all-time high above $126,000 last month, with the recent drop triggering a wave of forced liquidations. Over $2 billion in futures positions were wiped out in a 24-hour period, with long traders bearing the brunt of nearly 80% of the losses, a clear sign of a painful deleveraging event.
The path of least resistance now depends on a handful of critical price zones. On the support side, the area between $98,000 and $101,000 is widely watched. A break below this could open the door to a deeper correction, with some analysts identifying $95,000 as a potential “bulls’ last stand”—a level that, if lost, could signal a more significant bearish shift. Conversely, a sustained move above $105,000 is seen as the first step toward renewed momentum, with major resistance waiting between $107,000 and $112,000.
Altcoins Navigate a Mixed Landscape
The turbulence in Bitcoin has created a challenging environment for altcoins, which largely struggled this week. Ethereum (ETH) dropped around 10%, while Solana (SOL) and other major tokens saw similar declines. The average crypto Relative Strength Index (RSI) has dipped into oversold territory, suggesting that while the mood is bearish, conditions may be ripe for a short-term relief rally. However, such a bounce would be invalidated if Bitcoin and Ethereum break below their key supports at $99,000 and $3,100, respectively.
Despite the broad pressure, a few narratives are showing resilience. The focus on privacy-oriented cryptocurrencies has intensified, with tokens like Zcash (ZEC) attracting significant attention and posting gains. This sector has emerged as a notable outperformer, hinting at a rotation of interest even during a downturn.
For traders and institutional managers, the immediate focus rests on Bitcoin’s ability to defend its key support zone. The market’s next major move will likely be determined by whether it can absorb the recent leverage flush and build a foundation for a sustainable recovery, or if another wave of selling awaits.
