Bitcoin’s $107K Stumble: Will Bulls Ride or Crash?

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Key points:

  • Bitcoin, that stubborn mule, tried to gallop past $107,000 but tripped over its own hooves-local traders are muttering about the folly.

  • BTC’s price prophets whisper of a potential nosedive below $100,000, like a barn cat chasing a ghost.

  • Bulls need a hurricane, a drought, and a miracle to break all-time highs-analysis says “good luck, pal.”

Bitcoin (BTC) squinted at its weekend futures gap on Tuesday, as if it were a dusty map and the market a lost hiker. Talk turned to “rejection,” a word that makes investors clutch their wallets tighter than a coyote guarding a chicken coop.

Bitcoin CME gap in focus as BTC price reverses

Data from CryptoMoon Markets Pro and TradingView revealed bulls fumbling like a newborn calf at a rodeo. They couldn’t reclaim key support overnight, much to the delight of bears sipping iced coffee in their lairs.

Despite a brief sprint to November highs of $107,465, BTC/USD stumbled back down, threatening to etch a double-top on the hourly chart-a move as graceful as a bear riding a bicycle.

Among traders, the failure to crack $107,000 became a parable. “$BTC got rejected from the $107K-$108K resistance level,” wrote Ted Pillows, a crypto investor with a flair for drama, on X. “Like a love letter tossed into a bonfire.”

Pillows noted the CME Group’s Bitcoin futures gap still lingered below the spot price, like a shadow waiting to swallow the sun.

“The next key support is $104K, another CME gap. Usually, Bitcoin bottoms on Tuesday-maybe we’ll see a gap fill and a bounce. Or maybe not. Hope springs eternal,” he mused, with the optimism of a man betting on a raccoon to win the Kentucky Derby.

Trader Daan Crypto Trades framed Bitcoin’s stumble as part of a broader crypto slump, like a bad apple rotting the whole orchard.

$BTC Rejecting from the key $107K area so far.

Same ol’ song for $ETH & the Total Market Cap. Bears still hold the reins until this level flips. Chaotic dance continues, but the rhythm’s getting tiresome. 🐺

– Daan Crypto Trades (@DaanCrypto) November 11, 2025

Michaël van de Poppe, a crypto sage with a penchant for asking questions no one wants to answer, called the situation “normal” for Bitcoin-a word that might as well be slang for “disaster waiting to happen.”

“Will $BTC hold at $103K? $100K? Or will it crumble like a house of cards in a windstorm?” he asked X followers, adding, “If not… brace for $90K. Not done yet, folks.”

“Neither? Then we’re looking at $90-93K. Not done yet.” 🐢

Analysis warns of “OG selling pressure”

QCP Capital, a trading firm with a knack for doom, outlined the recipe for a BTC rally: macroeconomic tailwinds, stable ETF inflows, and a sprinkle of fairy dust. “A sustained recovery could rekindle demand,” they wrote, “but watch out for OG sellers. They’re like cacti-spiny and unyielding.”

“Rallies above $118K? Expect OG selling pressure. Until long-term holders stop dumping, BTC’s probably stuck in neutral. Buckle up.” 🌪️

QCP pointed to OG Bitcoin investors, still offloading coins like it’s a Black Friday sale. The market, it seems, is a rodeo where no one knows the exit strategy.

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2025-11-11 13:50