Bitcoin Reached $105,000, Fell Back to $102,000: What Do Investors Think?

The Purpose of Bitcoin Fluctuations Has Changed

The leader of the cryptocurrency sector, Bitcoin (BTC), has successfully continued its trend of higher lows since the beginning of November, reaching the level of $105,000. However, behind this notable rise, a correction process has begun in the markets, and Bitcoin quickly fell back to $102,000.

Bitcoin's Decline and Analyst Opinions

According to Cointelegraph Markets Pro and TradingView data, Bitcoin experienced a short-term gain before Wall Street's opening on Wednesday. However, the correction that followed caused panic selling to increase. Analyst Daan Crypto Trades mentioned that despite the decline, he still expects upward movement in the short term, stating that "We could see a strong recovery if the $107,000 level is surpassed." Another analyst, Crypto Tony, suggested that the same level could represent a "perfect short position level."

Signals from Binance Give Investors Hope

The on-chain analysis platform CryptoQuant noted that the recent large Bitcoin withdrawals from Binance could be an important bullish signal for investors. Researcher XWIN Research Japan stated, "At the beginning of November, one of the largest increases in Bitcoin withdrawal transactions on Binance since 2025 was observed. This indicates a significant change in investor behavior and a potential accumulation phase." This situation suggests that investors may be inclined to take longer-term positions in the market.

Conclusion and Future Expectations

In the current market conditions, Bitcoin draws attention with its high volatility. In these days where investors need to be cautious, the importance of analysis and market observations is also increasing. How the decline in Bitcoin will take shape according to technical analysis and market dynamics is being closely monitored by investors.