Bitcoin (BTC) Reaches $105,000, Will it Last?

Jakarta, Pintu News – The Bitcoin (BTC) market has recently shown a significant recovery by returning to the $105,000 price. However, analysts from Matrixport caution that this rise still needs to be tested further. Various indicators suggest that despite the short-term catalysts, a potential pullback is still possible. Read the full analysis below!

Recent Market Analysis

According to a recent report from Matrixport, Bitcoin (BTC) has experienced a considerable rise, but investors are reminded to remain vigilant. The Bitcoin (BTC) ETF recorded a larger outflow of funds compared to the previous week, indicating uncertainty in the market. Although Bitcoin’s Relative Strength Index (RSI) has dropped to 35, suggesting that the price may have gone too high, there are still tactical buyers interested in this price zone.

Last week, data from SoSoValue showed that all 12 Spot Bitcoin (BTC) ETFs in the US experienced an outflow of $558.44 million. This was the second largest single-day withdrawal during the most recent trading session. However, there was a slight inflow recorded the day before, ending a six-day streak of withdrawals.

Also read: CleanSpark Ready to Raise $1 Billion, Focus on AI and Bitcoin Stock Buying

Catalysts and Recovery Potential

Matrixport also highlighted some short-term catalysts that could push Bitcoin (BTC) prices higher. One of them is the potential resolution of the 40-day US government shutdown. The US Senate has passed a bill that will fund the government until January 30, which also includes a package of three full-year appropriations bills.

In addition, comments from President Trump about the possibility of a $2,000 stimulus-style payment mechanism for Americans was also a strong catalyst. This is reminiscent of the 2020-2021 retail spending frenzy triggered by government-distributed checks. However, Matrixport cautions that the recovery in market capitalization may be limited if institutional funds continue to stay away.

Read also: New Crypto Regulations Under CFTC Scrutiny, What Impact?

Bitcoin (BTC) Price Outlook

Currently, Bitcoin (BTC) is trading around $106,085, up 4.24% in the past day. Despite the generally downward trend, Bitcoin (BTC) recently managed to return to the $100,000 level. The RSI is currently at 73.70, indicating that Bitcoin (BTC) is in an overbought zone, which could indicate a potential consolidation or pullback before the price can move higher again.

Bitcoin (BTC)’s 30-day price moving average is currently near $103,651 and shows an upward trend, signaling a short-term sentiment that is starting to get bullish after a period of consolidation and decline. If Bitcoin (BTC) manages to break the resistance level around $106,500 to $107,000, it could open up opportunities towards the $110,000 to $112,000 range, where stronger selling pressure might emerge.

Conclusion

With various factors at play, the Bitcoin (BTC) market is currently at a tipping point. Investors are advised to monitor market indicators and current news before making investment decisions. While there are catalysts that might push prices higher, the risk of a pullback remains and should be carefully considered.

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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

• Crypto News. Matrixport: Bitcoin’s $105k Rebound Remains to Be Tested. Accessed on November 12, 2025
• Featured Image: Investing News Network