Overview
- Bitcoin traded between $107,623 and $111,555 in the latest session and sits about 14% below its Oct. 6 all‑time high of $126,080.
- Spot activity rose to $60.7 billion over 24 hours as open interest fell 2.3% to $70.12 billion and derivatives volume slid 19% to $102.37 billion, signaling lighter leverage.
- 10x Research reports slower buying from corporate treasuries and steady selling by long‑term holders into ETF demand, which has constrained breakouts near $110,000.
- Technical gauges skew neutral‑to‑bearish with all major moving averages above price, RSI near 40, resistance at $112K–$115K, support near $107K, potential downside to ~$102K if support fails, and room toward $120K on a strong break higher.
- Market commentators expect choppy range trading around $100K–$115K over the next 6–8 weeks, though some see a retest of $114K–$116K if key levels are reclaimed.