Bitcoin Holds Above $100K Amid U.S. Housing Slowdown
Bitcoin has held above the $100,000 support zone despite renewed U.S. economic weakness signalled by a 4.2% drop in October housing starts to 1.32 million units and a pullback in the S&P 500. Technical indicators remain muted, with the RSI at 37, on-balance volume drifting lower, and price trading below the 50-day EMA ($102,500) and just above the 200-day EMA ($98,200). A sustained hold above $100K could attract fresh liquidity and pave the way for a rebound towards $110K, while a break risks a rapid slide to $90K–$95K. Traders should monitor upcoming Fed minutes, U.S. housing data, and next price impulse for clues on Bitcoin’s resilience and cross-asset flows.
Neutral
While Bitcoin’s ability to hold the $100,000 support level underscores its resilience amid U.S. housing weakness and equity pullbacks, muted technical momentum and thin volumes signal cautious trading conditions. The potential for both a rebound towards $110K and a sell-off to $90K–$95K highlights a balanced risk-reward scenario. Upcoming Fed minutes and housing data will be key catalysts, making the near-term outlook range-bound and the overall impact neutral.