Bitcoin News Today: Bitcoin's $105K Crossroads: Correction Imminent or Bulls Reclaim Momentum?

Bitcoin buyers are building significant bids at the $105,000 level as the cryptocurrency market approaches a potential turning point following weeks of consolidation and volatility. Recent price action shows Bitcoin (BTC) trading above key psychological thresholds, with liquidity clusters and technical indicators suggesting a possible short-term correction before a resumption of bullish momentum. Analysts and on-chain data highlight the strategic importance of this price zone in shaping BTC's near-term trajectory.

Bitcoin's price reached an intraweek high of $112,000 earlier this week before retreating to consolidate above $100,000. The 4-hour chart indicates BTC is holding above critical moving averages, including the 34 EMA ($108,046), 50 SMA ($106,840), and 100 SMA ($105,109), which now act as dynamic support levels Bitcoin Liquidity Builds At $105K Level – Sweep Before New Highs^[1]. On-chain analytics from Coinglass reveal a dense cluster of liquidity at $105,700, with some traders anticipating a temporary dip into this zone before a resumption of upward movement Bitcoin Liquidity Builds At $105K Level – Sweep Before New Highs^[1]. Top analyst Ted Pillows noted that this liquidity could clear out late long positions, reinforcing the $105K level as a key pivot point Bitcoin Liquidity Builds At $105K Level – Sweep Before New Highs^[1].

The market's resilience in high-stress environments is evident as Bitcoin outperforms many altcoins, which remain below previous cycle highs. This relative strength underscores BTC's role as a macroeconomic hedge, particularly amid elevated U.S. Treasury yields and global trade uncertainties Bitcoin Liquidity Builds At $105K Level – Sweep Before New Highs^[1]. Institutional demand, as reflected in ETF flows, has also played a pivotal role. While U.S. spot Bitcoin ETFs recorded a net outflow of $121 million in early October 2025, long-term inflows over the preceding weeks totaled $5.95 billion, indicating sustained institutional interest Bitcoin sell pressure ‘palpable’ as BTC bid support stacks at $105K^[2].

Technical indicators further highlight the market's precarious balance. The MVRV (Market Value to Realized Value) ratio, a measure of investor profitability, currently stands at 1.74, aligning with its long-term mean . This suggests the market is in a consolidation phase rather than an extreme overbought condition. However, the ratio's proximity to the +0.5 standard deviation line ($100,200) signals elevated profits for holders, potentially increasing the risk of profit-taking Bitcoin Supply in Profit at 88% Signals Strong Market …^[6]. The critical +1 SD threshold at $119,400 remains a key watchpoint, as historical data shows price tops often form after breaching this level Bitcoin Supply in Profit at 88% Signals Strong Market …^[6].

Order book analysis reveals a $25 million liquidity band at $105,000, described by Material Indicators as "plunge protection" against deeper sell-offs. However, the firm cautioned that this liquidity may not be intended for execution but rather to stabilize price direction Bitcoin sell pressure ‘palpable’ as BTC bid support stacks at $105K^[2]. If BTC fails to hold above $105K, the next key support level at $103,000 could become a focal point for dip buyers Bitcoin MVRV Ratio Signals Price Hot, But Not In Danger Zone Yet^[4]. Conversely, a break above $105K may trigger renewed buying interest, potentially pushing BTC toward $110,000 Bitcoin MVRV Ratio Signals Price Hot, But Not In Danger Zone Yet^[4].

Market sentiment remains cautiously optimistic, with 88% of Bitcoin's circulating supply currently in profit . Glassnode data also shows the Realized Profit/Loss Ratio above 1.0, indicating a shift from underwater positions to modest gains . However, macroeconomic risks persist, including potential ETF outflows and heightened volatility in derivatives markets. A $19 billion liquidation event in late October 2025 demonstrated the fragility of leveraged positions, a risk that remains relevant as BTC approaches key resistance levels .

The coming weeks will be critical in determining whether Bitcoin can sustain its bullish momentum. Analysts emphasize the importance of maintaining control above $100K while monitoring institutional flows and global macroeconomic signals. If bulls can defend this range and reclaim $110K, a retest of all-time highs becomes increasingly likely Bitcoin Liquidity Builds At $105K Level – Sweep Before New Highs^[1]. For now, the market remains in a delicate balance, with liquidity, technical structure, and macro sentiment converging at $105K as a pivotal battleground.