Bitcoin's Struggle at $107K: A Tactical Inflection Point for Bearish or Bullish Reversal?

Bitcoin's recent price action around the $107,000 level has become a focal point for traders and investors, as the cryptocurrency's inability to break through this critical resistance zone raises questions about the sustainability of its bullish momentum. With technical indicators signaling neutrality and failed breakout patterns emerging, the market now faces a pivotal juncture. This analysis examines the interplay of oscillator dynamics, price volatility, and structural support/resistance levels to assess whether Bitcoin is poised for a bearish correction or a resumption of its upward trajectory.

Oscillator Neutrality and Bearish Momentum

The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) provide critical insights into Bitcoin's momentum. As of November 11, 2025, Bitcoin's RSI stood at 43, indicating a neutral market with no clear directional bias, according to a Bitcoin Price Watch analysis. However, the RSI's recent formation of a "death cross" in overbought territory-a bearish divergence-suggests weakening bullish conviction, per a BTC price prediction report. Meanwhile, the MACD, at -2,314, has turned downward, reinforcing the likelihood of a continuation in the downtrend, per the Bitcoin Price Watch analysis.

These oscillator readings align with bearish candlestick patterns observed at the $107,465 resistance level. Repeated rejections at this threshold, coupled with a lack of follow-through buying volume, have created a textbook failed breakout scenario, as noted in a TradingView idea. Traders are now watching whether Bitcoin can reclaim above $107K to restore bullish momentum or if bearish pressure will push the price toward liquidity below $100K, as described in that TradingView idea.

Price Range Dynamics and Volatility

Bitcoin's price has oscillated within a tight intraday range of $104,382 to $107,465, reflecting heightened volatility around key technical levels, according to the Bitcoin Price Watch analysis. On the daily chart, the asset remains in a bearish trend, characterized by a lower-high, lower-low pattern since peaking near $125,235. The $107,465 resistance level has proven formidable, with short-term recoveries failing to sustain above $106,000, as detailed in the Bitcoin Price Watch analysis.

Support levels are equally critical. The $98,898 level has held firm as a psychological floor, but a drop below $102,000 could trigger a deeper correction toward $99,000, as noted in the Bitcoin Price Watch analysis. For bulls, a sustained close above $106,000 with strong volume could attract sidelined buyers, potentially propelling Bitcoin toward the $108,000–$110,000 range, according to that Bitcoin Price Watch analysis.

Strategic Risk Positioning and Actionable Triggers

For investors, the $107K level represents a tactical inflection point. A bearish bias is warranted if Bitcoin fails to hold above $106,000, with stop-loss levels recommended below $103,000 to mitigate downside risk. Conversely, a bullish case emerges if the price reclaims $107K with strong volume, with initial targets at $108,000 and $110,000, as noted in the Bitcoin Price Watch analysis.

Short-term traders may consider entering long positions near the $104,382 support zone, with a tight stop below $102,000. For risk-averse investors, the $98,898 support level offers a high-probability entry point, provided the broader trend remains intact, according to the Bitcoin Price Watch analysis.

Conclusion

Bitcoin's struggle at $107K underscores the importance of technical momentum analysis in navigating volatile markets. While oscillator neutrality and failed breakouts suggest a bearish bias, the potential for a bullish reversal remains if key resistance levels are decisively breached. Investors must remain vigilant, using precise support/resistance triggers to position for both downside risk and upside potential in this critical phase of the market cycle.