Bitcoin Needs to Crack $107,000 Next, Traders Agree

Bitcoin (BTC) eyed intraday highs into Wednesday’s Wall Road open as bulls battled for $105,000.

Key factors:

• Bitcoin creeps greater into the US buying and selling session as merchants search $107,000 retest.

• Opinions diverge on whether or not worth can reclaim that space as help.

• Binance withdrawals give evaluation trigger to keep bullish on the BTC worth outlook.

All eyes on $107,000 BTC worth resistance

Information from Cointelegraph Markets Pro and TradingView confirmed BTC worth power returning on low time frames.

After filling the latest weekend “gap” in CME Group’s Bitcoin futures market, BTC/USD took time to set up new native lows earlier than heading greater.

The transfer preserved the sample of upper lows in play since Nov. 5, and relative power index (RSI) information hinted at a bullish divergence on the hourly chart.

“Trending up on the decrease timeframe. However wants to break that $107K space. If it could accomplish that, it might flip this into a good deviation and retake again into the vary,” dealer Daan Crypto Trades wrote in a response on X.

“That is my important situation for a bullish turnaround.”

Fellow dealer Crypto Tony recommended that the worth wouldn’t seal that resistance reclaim, and described $107,400 because the “excellent quick zone.”

$BTC / $USD – Replace

A bounce up to $107,400 please. Could be the proper quick zone if we get there pic.twitter.com/BTuMVaWS0V

— Crypto Tony (@CryptoTony__) November 12, 2025

Eyeing one other failed reclaim, this time of the bull market help band fashioned by two shifting averages, dealer Luca saw “additional worth consolidation” subsequent.

“If the worth breaks under the purple help vary, I’d look to hedge a part of my spot holdings to mitigate short-term draw back danger, as that will seemingly open the door for a deeper pullback on the low-timeframes,” he instructed X followers alongside an explanatory chart.

Binance delivers “bullish sign” at $103,000

A extra optimistic tackle the day got here from onchain analytics platform CryptoQuant.

Associated: ‘Most hated bull run ever?’ 5 things to know in Bitcoin this week

Binance customers, it famous, had begun to withdraw vital quantities of BTC, doubtlessly signalling a brand new “accumulation” section.

“In early November, Binance recorded a sudden spike in Bitcoin withdrawal transactions — one of many largest surges in 2025,” contributor XWIN Analysis Japan wrote in considered one of CryptoQuant’s Quicktake weblog posts. 

“This motion signifies a major shift in investor habits and gives helpful clues about present market sentiment.”

XWIN famous that the majority of the withdrawals coincided with BTC worth hitting $103,000.

“Moreover, OTC desk exercise elevated throughout this era, indicating personal transfers to custodial wallets—one other signal of institutional participation,” it added. 

“General, this spike must be considered as a bullish sign.”

This text doesn’t include funding recommendation or suggestions. Each funding and buying and selling transfer entails danger, and readers ought to conduct their very own analysis when making a call.