Bitcoin Price Watch: $106K Standoff as Bulls and Bears Battle for Control

Market snapshot — Nov 10, 2025

Bitcoin strutted into the day around $105,950, implying a $2.11 trillion market capitalization. Daily turnover was hefty — roughly $70.7 billion — and the intraday swing ran from $102,061 up to $106,623. That kind of range leaves plenty of room for both breakout traders and short-term scalpers.

What’s happening technically

• Immediate resistance sits in the $106k–$106.6k band. A clean, sustained break above that zone would likely attract momentum buyers and could target the next round number at $110k.
• On the downside, $102k is serving as short-term support; losing that level opens a path back toward $100k and the psychological gap below it.
• The charts are mixed across timeframes. Daily structure hints at consolidation, while intraday order flow shows alternating aggressive buying and selling — a sign of indecision.

What to watch (order flow, on-chain, derivatives)

Liquidity and funding rates will be telling. If perpetual funding turns persistently positive and order books thin above $106k, longs may be crowding in — which historically raises the odds of sharp, short-lived corrections. Conversely, rising spot inflows to exchanges and heavier sell-side pressure would favor a lower retest.

Volume of ~$70.7B is not trivial; it suggests institutional-sized participation alongside retail. Keep an eye on exchange balances and large transfers — they often foreshadow bigger moves.

Scenarios traders might consider

• Bull case: Break and hold above $106.6k. Expect quick follow-through to $110k, aided by short-covering and renewed momentum flows.
• Bear case: Rejection at the upper band and a break of $102k. That could usher in a deeper pullback to the $98k–$100k area.
• Neutral play: Range trading between $102k and $106k until a decisive catalyst appears (macro news, ETF flows, or major on-chain shifts).

Risk management and practical note

Volatility is high. Use clear stop levels, size positions conservatively, and consider hedges for larger exposures. Liquidity can evaporate quickly around big round numbers.

If you’re looking to accumulate longer-term but prefer easing into a position, services like Bitlet.app can help — Bitlet.app offers a Crypto Installment service that lets you buy crypto now and pay monthly instead of paying the full amount upfront. That’s a practical way to dollar-cost-average while staying flexible.

Bottom line: At roughly $106k, Bitcoin sits at an ugly, exciting crossroads. Watch the upper band for a breakout, the $102k floor for breakdown risk, and let flow — not noise — guide sizing decisions.