Bitcoin Price at Crossroads: $100K Liquidity or $108K Breakout Next?
Bitcoin is trading around resistance near $105,000 on Nov. 13, testing a range that has produced sharp swings this month. Short-term order flow shows clustered bids around $100,000, which many traders view as a key liquidity shelf and a likely magnet for stop orders. Volume in spot markets has softened while derivatives open interest remains elevated, leaving the immediate direction vulnerable to a single large move or news-driven flow.
If BTC clears roughly $108,000 with sustained volume, analysts say it could trigger follow-through buying and draw renewed institutional participation; conversely, a clear rejection would likely revisit the $100,000 zone where liquidity and stop runs could amplify downside. For market participants the near-term edge will come from watching breakout confirmation, funding rates and on-chain flows, underscoring how psychological round numbers continue to shape price dynamics.