Bitcoin Trades Near $101,000 as Key Technical Indicator Signals Increased Downside Risk

Bitcoin traded at $101,970 on November 7, 2025, falling below its 365-day moving average of $102,000 for the first time in over three years. The breach has raised concerns about potential further declines, with analysts pointing to $72,000 as a possible downside target if the cryptocurrency fails to reclaim the $100,000 level. The asset has declined 7% over the past week and more than 16% in the last 30 days.