BTC’s $105K Gambit: Binance’s Secret Moves!

by

The illustrious Bitcoin, that paragon of digital assets, did cast its gaze upon intraday heights as the bulls, ever valiant, endeavoured to seize the coveted $105,000 mark. 📈💰

Dear Reader, let us ponder the following:

  • The illustrious Bitcoin doth creep higher into the US trading session, as traders, ever the optimists, seek the retest of $107,000. 🕵️‍♂️

  • Opinions, as ever, are as varied as the stars, with some conjecturing whether the price may reclaim that area as support, while others remain dubious. 🤷‍♀️

  • Binance‘s withdrawals, a curious phenomenon, have caused analysis to adopt a bullish outlook, much like a gentleman’s sudden interest in a lady’s hand. 🕵️‍♂️

All Eyes on $107,000 BTC Price Resistance

Data from CryptoMoon Markets Pro and TradingView revealed BTC’s strength returning on low time frames, a most encouraging sign for the faint-hearted. 📊

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, a most tedious process for those of us with limited patience. 🕒

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, a revelation as thrilling as a well-timed dance at a ball. 🕺

“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, a sentiment as hopeful as a maiden’s first dance. 🕺

“That’s my main condition for a bullish turnaround.”

Fellow trader Crypto Tony, with a sigh of resignation, posited that the price would not secure that resistance, dubbing $107,400 the “perfect short zone,” a notion as delightful as a rainy day at the opera. 🌧️

$BTC / $USD – Update

A bounce up to $107,400 please. Would be the perfect short zone if we get there

– 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, a prospect as exciting as a cup of cold tea. ☕

“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 would likely open the door for a deeper pullback on the low-timeframes,” he told X followers alongside an explanatory chart, a warning as clear as a bell. 📢

Binance Delivers “Bullish Signal” at $103,000

A more optimistic take on the day came from onchain analytics platform CryptoQuant, which declared Binance users had begun to withdraw significant amounts of BTC, a potential harbinger of a new “accumulation” phase. 🕵️‍♂️

“In early November, Binance recorded a sudden spike in Bitcoin withdrawal transactions – one of the largest surges in 2025,” contributor XWIN Research Japan wrote in one of CryptoQuant’s Quicktake blog posts. 📚

“This movement indicates a significant shift in investor behavior and offers valuable clues about current market sentiment.”

XWIN noted that the bulk of the withdrawals coincided with BTC price hitting $103,000, a most fortuitous alignment. 🎯

“Additionally, OTC desk activity increased during this period, indicating private transfers to custodial wallets-another sign of institutional participation,” it added. 🏦

“Overall, this spike should be viewed as a bullish signal.”

Read More

2025-11-12 16:45