Bitcoin Reclaims $105,000 Today — Is a Push to $107,000 Next?

Jakarta, Pintu News – Bitcoin (BTC) is currently entering a short-term Wave II correction phase, which marks a period of price adjustment after the previous rally. Market analyst Darkfost mentioned that corrective waves generally correct around 50% of the previous upward movement, which suggests an important support area is around $96,800.

Then, how will the Bitcoin price move today?

Bitcoin Price Up 4.04% in 24 Hours

As of November 10, 2025, Bitcoin is trading at $105,857, equivalent to IDR 1,769,867,247, marking a 4.04% increase over the past 24 hours. During this period, BTC dipped to a low of IDR 1,696,918,323 and peaked at IDR 1,777,846,114.

At the time of writing, Bitcoin’s market capitalization is approximately IDR 34,844 trillion, while 24-hour trading volume has risen by 34% to IDR 996.89 trillion.

Read also: Market Crash, 5 Crypto Predicted to Rebound in Next Bull Cycle

Selling Pressure Limits Bitcoin’s Recovery

According to analyst X Darkfost, Bitcoin is currently consolidating around the 1,618 Fibonacci extension level of Phase A, which indicates that Wave C could still continue before reaching its completion.

Darkfost also revealed that on-chain indicators show continued uncertainty among market participants. Selling pressure from long-term holders continues to limit Bitcoin’s recovery strength.

The daily RSI index has dropped below the 50 level and is likely to remain weak before finding stability in the previously tested bounce zone. With momentum remaining bearish and with no divergence in sight, Bitcoin’s short-term outlook remains fragile.

The 21 and 50 daily exponential moving averages (EMAs) show a downward trend and are approaching a downward crossover against the 200 EMA, reflecting technical weakness. The area between $107,500 to $110,500 is now forming as a major resistance zone that needs to be broken again for Bitcoin to show convincing signs of bullish trend reversal.

Bitcoin Price Range Likely Between $90,000 to $107,000

In the short term, Bitcoin is expected to experience volatility due to the ongoing selling pressure. The price could consolidate around the $95,000 area or even touch the $90,000 level before finding stability. Meanwhile, the key resistance level is around $107,000.

Although the correction continues, the long-term structure remains intact. Bitcoin is currently finding temporary support around the exponential moving average 50 (EMA 50) level, while the RSI-despite the decline-is still near the neutral zone.

In the coming two weeks, there is a possibility that BTC will try to recover to close the deviation gap formed by the last drop. However, if the RSI continues to drop below 50, it could indicate a change in long-term momentum leading to a deeper consolidation phase.

Read also: These 3 Altcoins Show Breakout Patterns, Crypto Whales are Buying up

Different Views among Analysts

Market analyst Haejin suggests that the current price formation is likely part of the WXY correction pattern, where the market is forming wave C of Y. Since wave C always consists of five sub-waves and only four have formed, he expects one more dip before prices head back towards around $109,000.

Darkfost, on the other hand, disagrees. He thinks that the structure formed is an ABC correction on the daily chart. Although he also believes that the final part of wave C has not yet been completed, he sees no indication that this correction is a WXY complex pattern. Both analysts agree that the corrective phase is a period of uncertainty that is dynamic and never static.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• TronWeekly. Bitcoin (BTC) Faces Complex Correction As Market Eyes $90K-$110K Range. Accessed on November 10, 2025