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Bitcoin Price Watch: Traders Eye $106K Ceiling in Volatile Push. Bitcoin’s market performance on Nov. 12, 2025, painted a portrait of cautious optimism, highlighted by formidable resistance and a tug-of-war between momentum and hesitation. Priced at values between $104,779 to $105,153 over the last hour, bitcoin hovered near the top of its intraday range of $102,461 to $105,257, backed by a market cap of $2.09 trillion and $64.60 billion in 24-hour trading volume. BITCOIN CHART OUTLOOK From a daily standpoint, bitcoin remains in a broader downtrend after cascading from its $124,220 high to a trough at $98,898. Recent price action shows a possible double bottom near the $99,000 support, with faint green candles signaling an attempted rebound. However, the volume tells a more skeptical tale—waning enthusiasm as prices lift, which points to fragile bullish conviction. The $110,000 mark stands tall as macro resistance, and until bulls can muscle through it with volume, the ceiling remains solid. Zooming in on the 4-hour chart, the mood turns more constructive. Bitcoin has climbed from $99,192 to $107,465 in a steady formation of higher highs and higher lows. Despite a temporary stumble to $103,000, the swift recovery suggests dip-hunting traders are alive and kicking. The support zone at $103,000–$104,000 is holding the line well, but any close below that range would put the short-term uptrend in jeopardy faster than a caffeine crash at midnight. #StrategyBTCPurchase #Write2Earn
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