Cryptology Key analysts assess the outlook for Bitcoin and altcoins.
Date: 2025-11-05 Author: Oliver Abernathy Categories: CRYPTO PAYMENTS
On November 4, 2025, the cryptocurrency market experienced another correction: Bitcoin fell below $104,000, and Ethereum approached $3,500. The Cryptology Key analytical team conducted a technical analysis and outlined probable scenarios for the movement of the main crypto assets.
Bitcoin
According to experts, Bitcoin responded to the weekly order block (OB) for short positions and fell to a liquidity zone around $103,472. Analysts suggest that the decline could continue to the range of $101,500–$98,115. However, the key point remains the presence of a strong rebound from these levels, as this is where the monthly price imbalance (FVG) is located.
The daily charts are showing sideways movement, indicating market uncertainty. Therefore, analysts advise refraining from opening long positions until liquidity is removed. Short trades remain viable within the current range.
On the hourly timeframe, the local FVG is catching your attention, which could serve as a signal for intraday trades.
Ethereum
On the weekly chart, Ethereum is approaching a zone of interest near the FVG. Experts recommend waiting for the $3,353 level to be broken and observing the market reaction. If a buyback pattern forms in this zone, this could be the basis for further growth.
On shorter timeframes, a short zone is also visible. A pullback to $3,353 is possible, where the first signs of a reversal pattern are expected to appear. The hourly FVG, located above, can be used to add short positions with previously identified targets.
VIRTUAL
Analysts have noted an interesting FVG area on the weekly chart for the VIRTUAL token, where the upward momentum may continue. After breaking the all-time low (ATL), the market showed signs of inversion, indicating the formation of a potential long zone.
However, experts recommend waiting for liquidity to drain and for the pattern to be confirmed before entering trades.
ICP
The ICP price managed to break the ATL, after which it formed a weekly inversion, which analysts view as a positive factor. The main expectation is a technical pullback, from which new entry points can be considered.
On the four-hour chart, an FVG zone is visible, coinciding with the location of the recent manipulation that triggered the current upward movement. This area can also be used to identify possible entry points.
Cryptology Key experts emphasized that the market remains in a phase of high volatility, so any positions should be opened only after technical patterns are confirmed.
