Bitcoin Faces Resistance at $105K as Profit-Taking and Regulatory Uncertainty Weigh on Market
Bitcoin's price has stalled below the $105,000 mark amid heavy selling pressure and pending regulatory decisions. The cryptocurrency, which recently surged past $100,000, is now struggling to maintain momentum as long-term holders take profits and bullish sentiment wanes. With the market awaiting a critical Supreme Court ruling on tariffs, volatility is expected to persist, potentially impacting Bitcoin's trajectory in the coming weeks.
Bitcoin Price Stalls Below $105K Amid Heavy Selling and Pending Tariff Ruling
Bitcoin struggled to maintain momentum above $100,000, with repeated rebounds faltering under concentrated sell orders. The cryptocurrency hovered between $102,000 and $103,000 as long-term holders took profits, signaling fading bullish sentiment.
Market fragility persists as traders await a Supreme Court tariff decision that could Ripple across risk assets. Glassnode analysts note Bitcoin's trajectory now depends on whether fresh capital can absorb the persistent overhead supply.
Order book data reveals a formidable wall of sell liquidity just above $105,000, creating a technical ceiling. The stalemate reflects shifting dynamics—from speculative frenzy to measured consolidation.
Bitcoin Mining Economics Under Strain as Hashrate and Revenue Dynamics Shift
Bitcoin miners face mounting pressure as rising energy costs and diminishing block rewards force operational reinvention. The network's seven-day hashrate hovers NEAR 1.12 zettahashes per second while difficulty remains elevated at 155 trillion—a testament to persistent competition despite tightening margins.
Transaction fees now constitute miners' lifeline, contributing just 0.021 BTC per block on average. Recent 144-block cycles generated $45 million in rewards at current prices, but Luxor's derivatives signal contraction ahead, with October hashprice projections falling to $43.34 per petahash/day.
The April 2024 halving exposed this fragility when Runes protocol activity briefly elevated fee revenue. ViaBTC's landmark block captured over 40 BTC in combined rewards—a fleeting reprieve in an increasingly austere environment where miners pivot to AI hosting and energy arbitrage to survive.
Bitcoin (BTC) Price Prediction: Alignment of 50-Week Moving Average and Halving Model Sparks $170K Rally Speculation
Bitcoin's consolidation near $104,000 has reignited bullish sentiment among traders, with technical indicators and historical models suggesting a potential surge to $160,000-$170,000. The cryptocurrency's recent rebound from sub-$100,000 levels demonstrates robust market resilience.
The 50-week moving average—a historically significant technical level—is now converging with Bitcoin's halving cycle model. This 'diminishing golden curves' framework, credited with 88% accuracy in predicting past market tops, currently projects late-2025 targets in the $160K-$170K range.
Market observers note increasing accumulation near key moving averages, while on-chain data reflects growing investor confidence. The alignment of these technical and cyclical factors creates what analysts describe as a 'textbook bullish setup' for Bitcoin's next major price advance.
Bitcoin Accumulator Addresses Double Amid Strong Long-Term Confidence
Bitcoin accumulator addresses have surged to 262,000, more than doubling over the past two months. These wallets absorbed 375,000 BTC in just 30 days, with a single-day spike of 50,000 BTC on November 5. The trend underscores unwavering conviction among long-term holders despite ETF outflows and short-term price pressures.
CryptoQuant analyst Darkfost tracked the acceleration, noting the monthly average of accumulator addresses rocketed from 130,000 to 262,000. Whale activity now dominates supply absorption, with buying velocity hitting record levels even as retail participation lags. 'This isn't speculation—it's capital positioning for the next cycle,' remarked one OTC desk trader.
Bitcoin Long-Term Holders Dump 300K BTC As Confidence Wanes
Bitcoin struggles to maintain its footing above $100,000 as weakening demand and sustained selling pressure from long-term holders weigh on the market. The cryptocurrency has slipped below critical support levels, failing to reclaim the short-term holder cost basis of $112,500—a threshold historically indicative of renewed bullish momentum.
ETF outflows and cautious options activity reflect eroding investor conviction. On-chain metrics reveal moderate losses, with 71% of circulating supply still in profit—hovering near the lower bound of mid-cycle equilibrium ranges. Structural support now rests at $88,500, a level frequently tested during prolonged corrections.
The market faces a pivotal juncture. Previous cycles saw similar conditions precede relief rallies, but sustained erosion of profitable supply could deepen the bearish phase. Glassnode data shows long-term holders distributing 300K BTC since October, compounding downward pressure as Bitcoin posts an 11% decline over the period.
ARK Invest Revises Bitcoin Forecast to $1.2 Million Amid Stablecoin Surge
Bitcoin's price dipped 1.45% to $101,742, with its market capitalization holding steady at $2.03 trillion. Trading volume declined marginally to $66.63 billion, signaling a pause in speculative activity after recent gains.
ARK Invest slashed its long-term Bitcoin price target to $1.2 million, citing the growing influence of stablecoins, which now command a $300 billion market presence. Cathie Wood's firm adjusted its projection downward by $300,000, reflecting stablecoins' disruptive potential.
Standard Chartered predicts stablecoins could divert $1 trillion from emerging market banks by 2028. Analysts view Bitcoin's modest pullback as natural profit-taking after weeks of institutional-driven rallies, with its inflation-hedge appeal remaining intact.
