Bitcoin Key Support at $98,340; Lower Levels at $75,475 and $55,980, AliCharts Analysis Finds

COINOTAG News reports on November 8 that a respected crypto chart analyst known as @ali_charts released a technical chart study outlining Bitcoin‘s key price support levels. The assessment identifies a pivotal support near $98,340, with deeper cushions at $75,475 and $55,980, based on current price-range analysis. The takeaway for traders is to monitor how BTC behaves around these thresholds, as they anchor a potential consolidation and risk management plan in the near term.

From a market-structure perspective, preserving the $98,340 level could underpin a stable BTC price range and affect the crypto market outlook. A break below the anchor would shift focus to the lower supports and could reframe momentum, while a sustained hold may support upside attempts in the absence of immediate catalysts. This analysis provides tangible, evidence-based guidance for investors navigating volatility in the digital asset space.