The post Buyers Face Last Test As Price Sits Directly Below Trendline appeared com. Bitcoin price today trades near $106,239, attempting to reclaim the 20- and 50-day EMAs after defending the $100,000-$98,500 demand zone. Spot flows show $26. 42M net inflows, the first positive shift in days, while derivatives open interest rises 4. 15% as traders re-enter the market. A close above $111,177-$116,289 confirms trend recovery toward $124,000, while failure below $100,000 exposes $92,000. Bitcoin price today trades near $106,239, recovering from last week’s breakdown below the multi-month ascending trendline that supported the entire 2025 advance. Sellers drove price into the $100,000 to $98,500 demand zone, where buyers defended the level aggressively. Risk sentiment improved following Donald Trump’s latest remarks indicating the U. S. shutdown could end soon. These moving averages now form an overhead resistance band that has rejected every rally attempt since late October. The trendline break was the key shift. For nearly seven months, price respected the rising support line. Losing it signaled seller control and forced Bitcoin into its first major structural test since the August rally. Key daily levels: Resistance zone: $107,180 to $111,177 Breakout trigger: $116,289 Support range: $100,000 to $98,500 The current bounce is constructive, but price must clear the EMA cluster to shift control back to buyers. Until then, every short term recovery remains reactive rather than trend forming. 42 million in net inflows on November 10th, marking the first positive reading in days. A shift from outflows to inflows historically aligns with bottoms forming on higher timeframes. Until spot flows return consistently positive, the market remains in a defensive. Continue reading Buyers Face Last Test As Price Sits Directly Below Trendline→
