Bitcoin Price Analysis: BTC Struggles at Critical Technical Levels as October Rally Loses Steam

Bitcoin is currently testing crucial technical support levels as the positive momentum from October's rally shows signs of weakening. The BTC price action indicates significant battles around key moving averages and resistance zones that could determine the next major market direction. Technical analysts are closely monitoring whether Bitcoin can maintain above these critical levels or if further correction is imminent. Market sentiment appears cautious as trading volume decreases and volatility remains elevated across major cryptocurrency exchanges.