Bitcoin Price Tops $105,000 with 1.49% Daily Gain
BTC price crossed the $105,000 mark on November 12, hitting $105,019.10, according to OKX. The BTC price jumped 1.49% intraday, reflecting ongoing bullish momentum. Traders are eyeing the $105,000 resistance for potential breakouts. This BTC market update offers timely price insight without serving as investment advice.
Bullish
The surge of BTC price above $105,000 with a 1.49% intraday gain signals strong bullish momentum. Historically, breaking significant resistance levels like $100,000 attracts fresh buying interest and fuels further rallies. Traders view the $105,000 barrier as a key psychological level; its breach can trigger short-term momentum trades and bolster long-term confidence. While volatility may prompt pullbacks, surpassing this milestone suggests sustained demand and supports bullish trading strategies.