The post BTC Reclaims Range Low at $107K Signaling a Move to $115K appeared on BitcoinEthereumNews.com. Key Insights: Bitcoin tests $107K resistance, signaling a possible move towards $115K. Whale accumulation increases, absorbing supply and supporting Bitcoin’s price above $100K. Key support levels around $104K and $102K could determine Bitcoin’s short-term direction. BTC Reclaims Range Low at $107K Signaling a Possible Move to $115K Bitcoin has recently tested the critical $107,200 resistance level, a key price point from which the cryptocurrency saw a sharp decline in previous months. If Bitcoin manages to hold above this level, it could signal a potential move higher towards the $115,000 range. Potential for a Rally to $115K Bitcoin’s recent price action indicates a potential shift in market structure. The $107,200 level is seen as a key resistance because it marks the previous range low, which led to a drop in price. A reclaim of this level could lead to testing the $115,000 range high, a level that has acted as a ceiling in the past. BTC Potential Surge: Source: X According to technical analysis, reclaiming a range low typically suggests that the price could move toward the range high. As of press time, Bitcoin was $106,287 with a 24-hour trading volume of $70,513B. With an increase of 2.94% in the last 24 hours. Whale Activity and Accumulation However, recent data shows that large Bitcoin holders have been increasing their holdings despite recent market uncertainty. Between October 24 and November 7, addresses holding more than 10,000 BTC more than doubled their positions. This accumulation of roughly 36,000 BTC has been significant as it occurred during a period of price pressure. Whale Activity | Source: X Great whales are buying Bitcoin heavily, absorbing supply while smaller investors remain cautious. This suggests that strong hands are supporting the price floor, with large entities positioning themselves for potential future gains. Despite price volatility, Bitcoin has… The post BTC Reclaims Range Low at $107K Signaling a Move to $115K appeared on BitcoinEthereumNews.com. Key Insights: Bitcoin tests $107K resistance, signaling a possible move towards $115K. Whale accumulation increases, absorbing supply and supporting Bitcoin’s price above $100K. Key support levels around $104K and $102K could determine Bitcoin’s short-term direction. BTC Reclaims Range Low at $107K Signaling a Possible Move to $115K Bitcoin has recently tested the critical $107,200 resistance level, a key price point from which the cryptocurrency saw a sharp decline in previous months. If Bitcoin manages to hold above this level, it could signal a potential move higher towards the $115,000 range. Potential for a Rally to $115K Bitcoin’s recent price action indicates a potential shift in market structure. The $107,200 level is seen as a key resistance because it marks the previous range low, which led to a drop in price. A reclaim of this level could lead to testing the $115,000 range high, a level that has acted as a ceiling in the past. BTC Potential Surge: Source: X According to technical analysis, reclaiming a range low typically suggests that the price could move toward the range high. As of press time, Bitcoin was $106,287 with a 24-hour trading volume of $70,513B. With an increase of 2.94% in the last 24 hours. Whale Activity and Accumulation However, recent data shows that large Bitcoin holders have been increasing their holdings despite recent market uncertainty. Between October 24 and November 7, addresses holding more than 10,000 BTC more than doubled their positions. This accumulation of roughly 36,000 BTC has been significant as it occurred during a period of price pressure. Whale Activity | Source: X Great whales are buying Bitcoin heavily, absorbing supply while smaller investors remain cautious. This suggests that strong hands are supporting the price floor, with large entities positioning themselves for potential future gains. Despite price volatility, Bitcoin has…