Important points:
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Bitcoin tried to conquer $107,000, a local level important for traders, but failed.
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The BTC price prediction remains that the market could fall below $100,000.
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It will take a perfect storm for Bitcoin bulls to rally toward all-time highs, the analysis concludes.
Bitcoin (BTC) focused on a new weekend futures gap on Tuesday as talk turned to a “rejection” in BTC price.
Bitcoin CME gap comes into focus as BTC price reverses
Data from Cointelegraph Markets Pro and TradingView showed that the bulls have failed to regain significant support overnight.
Despite hitting a new November high of $107,465, BTC/USD was unable to sustain that level and instead threatened to carve out a double top structure on the hourly chart.
The inability to get back the $107,000 became a key detail among traders.
“$BTC has been rejected from the $107,000-$108,000 resistance level,” crypto investor and entrepreneur Ted Pillows wrote in a post on X.
Pillows noted that the latest “gap” in CME Group’s Bitcoin futures market remains below the spot price.
“Bitcoin’s next key support is around $104,000, which also has a CME gap. Typically, Bitcoin bottoms on Tuesday, which means the CME gap could close and then bounce back,” he suggested.
Trader Daan Crypto Trades views the failure of Bitcoin’s resistance and support reversals in the context of broader crypto market difficulties.
$BTC So far, it has been rejected from the primary $107,000 area.
similar to $ETH & Total cryptocurrency market capitalization rejected from similar zones.
In my opinion, the bears are still in control until this level reverses. There is still a lot of up and down movement during the day, but there has been quite a bit of fluctuation over the past few weeks. pic.twitter.com/ewWmyN5LzO
— Daan Crypto Trades (@DaanCrypto) November 11, 2025
Meanwhile, crypto trader, analyst, and entrepreneur Michael van de Poppe said the situation is “very normal” for Bitcoin.
“The big question is now: Will $BTC hold at $103,000? – Will $BTC hold at $100,000 and be a double-dip test?” he told his X followers.
“If neither is the case, the potential test will cost between $90,000 and $93,000, and we’re not done yet.”
Analysis warns of “OG selling pressure”
Considering this outlook, trading company QCP Capital has identified key conditions for a sustained rise in BTC price.
Related: “The most hated bull run ever?” 5 things to know about Bitcoin this week
The paper said bulls need favorable macroeconomic conditions as a springboard to fend off top sellers.
“If the spot recovery continues, supported by macro tailwinds and stabilization of ETF inflows, demand could reignite,” the firm summed up in its latest ‘Asia Color’ market update on Monday.
“However, on a rally above $118,000, we are likely to face OG selling pressure again. Until the supply of long-term holders eases, the most likely base case remains for the BTC market to remain range-bound in the medium term.”
QCP mentioned ongoing distributions by long-term Bitcoin investors in excess of $100,000.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk and readers should conduct their own research when making decisions.