The post Bitcoin Needs to Crack $107,000 Next, Traders Agree appeared on BitcoinEthereumNews.com.

Bitcoin (BTC) eyed intraday highs into Wednesday’s Wall Street open as bulls battled for $105,000. Key points: Bitcoin creeps higher into the US trading session as traders seek $107,000 retest. Opinions diverge on whether price can reclaim that area as support. Binance withdrawals give analysis cause to stay bullish on the BTC price outlook. BTC/USD four-hour chart. Source: Cointelegraph/TradingView All eyes on $107,000 BTC price resistance Data from Cointelegraph Markets Pro and TradingView showed BTC price strength returning on low time frames. After filling the latest weekend “gap” in CME Group’s Bitcoin futures market, BTC/USD took time to establish new local lows before heading higher. The move preserved the pattern of higher lows in play since Nov. 5, and relative strength index (RSI) data hinted at a bullish divergence on the hourly chart. BTC/USD one-hour chart with RSI data. Source: Cointelegraph/TradingView “Trending up on the lower timeframe. But needs to break that $107K area. If it can do so, it would turn this into a decent deviation and retake back into the range,” trader Daan Crypto Trades wrote in a response on X. “That’s my main condition for a bullish turnaround.” BTC/USDT perpetual contract one-day chat. Source: Daan Crypto Trades/X Fellow trader Crypto Tony suggested that the price would not seal that resistance reclaim, and described $107,400 as the “perfect short zone.” $BTC / $USD – Update A bounce up to $107,400 please. Would be the perfect short zone if we get there pic.twitter.com/BTuMVaWS0V — Crypto Tony (@CryptoTony__) November 12, 2025 Eyeing another failed reclaim, this time of the bull market support band formed by two moving averages, trader Luca saw “further price consolidation” next. “If the price breaks below the purple support range, I’d look to hedge part of my spot holdings to mitigate short-term downside risk, as that…

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Filed under: News - @ November 13, 2025 4:28 am