Bitcoin Signals Bullish Reversal: Is $110,000 the New Holy Grail?

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Key takeaways:

  • Bitcoin spot demand has flipped positive, signaling a potential bullish reversal.

  • Increasing spot volume suggests higher speculative activity. đŸ€‘

  • BTC price must reclaim $110,000 as support to secure the recovery. 💰

Demand for Bitcoin (BTC) has shown signs of recovery in November, hinting at a potential bullish reversal. However, the traders whisper that momentum will only ramp up once the BTC/USD pair decisively breaks above the $110,000 mark. Is this the moment for Bitcoin to shine, or is it just another false dawn? Only time will tell. ⏳

Bitcoin Apparent Demand Hits a Four-Month High (and Traders Are Getting Excited)

Bitcoin’s apparent demand has shifted from “meh” to “wow” after reaching its highest point since July, as traders and investors adopt a risk-on attitude due to slightly improving macroeconomic conditions. Could this be the beginning of something grand, or will it crumble like a house of cards in a windstorm? 😬

Capriole Investment’s Bitcoin Apparent Demand metric, which measures demand by taking mining issuance minus inventory (the stuff that’s been inactive for over a year), has shot up to a notable 5,251 BTC on Nov. 11-levels last seen on July 31. If this doesn’t scream “recovery,” what does?

This demand had been in the negative zone since Oct. 8, reaching a low of -3,930 BTC on Oct. 21, before turning sharply around. Talk about a dramatic comeback! 🎭

Meanwhile, the spot trading volume has surged by 23%, jumping from $11.5 billion to $14.1 billion in just a week. Who’s buying all this Bitcoin, and why now? đŸ€”

Glassnode, in its Weekly Market Impulse report, believes this uptick in trading volume is a clear sign of “stronger investor participation,” hinting at a possible breakout. Or, to be more blunt: “People are getting back in the game.” 🏁

“The rise in spot volume suggests stronger investor participation and a potential for a breakout move.”

Optimism is swelling as the US government shutdown nears its end. Trump’s promise of $2,000 tariff dividend payments, combined with the Fed’s expected rate cut in December and anticipated quantitative easing, have investors feeling a little more daring. Could Bitcoin be the next big winner in this risk-on environment? Let’s see if this gamble pays off. 🏩

Bitcoin’s Price Needs to Reclaim $110,000 (No Pressure, BTC)

Bitcoin closed bullishly last week above the 50-week simple moving average, which has convinced many traders that the price could continue rising from here. But wait! Bitcoin’s bullish journey now depends on its ability to reclaim $110,000 as support. If that doesn’t happen, well
 let’s just say it could be a long, dark winter. đŸ„¶

Swissblock, in its infinite wisdom, believes that if Bitcoin can defend this critical price zone, its next move will depend on consolidation and confirmation. Whatever that means


“After defending the critical zone, BTC’s next move is all about consolidation and confirmation,” said the private wealth manager, who’s definitely not holding his breath.

Swissblock continues: Since the price is still holding the macro structure, momentum will ignite once bulls “reclaim the $108K-$110K pivot zone.” However, until then, the market remains an anxious waiting game. đŸ‹ïžâ€â™‚ïž

“Selling pressure is easing, and $BTC is giving early signals of a bullish reversal.”

MN Capital’s Michael van de Poppe also chimes in, saying Bitcoin could surge toward its all-time high of $126,000 if it smashes through the $110,000 barrier. But, as always, don’t get too excited just yet. It’s Bitcoin; anything can happen. đŸ€·â€â™‚ïž

Crucial resistance coming up for #Bitcoin.
The government shutdown is nearly over, which would be an ideal signal for the markets to turn back into bull mode.
To be honest, if $BTC breaks through $110K, we’ll likely see a rally towards the ATH.
I do expect #Altcoins to


As fellow analyst Jelle puts it, reclaiming the $110,000 support is “critical,” because if Bitcoin rejects this level, it will be a “clear sign of further weakness.” Ouch. 😬

CryptoMoon, always the optimist, reports that Bitcoin’s double-bottom pattern might just push the price to $110,000, though a short-term retracement near $104,000 could be on the cards. But hey, who’s counting? 📉

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2025-11-11 11:49