Bitcoin price hits $105K as analysis eyes ‘massive’ Binance BTC withdrawals

On November 12, 2025, Bitcoin's price reached $105,000, maintaining a pattern of higher lows that has characterized its performance throughout the month. This increase is noteworthy as it reflects ongoing market dynamics, but traders are approaching the situation with caution. The apprehension stems from the possibility of a price rejection at critical resistance levels, which could impact future trading strategies. Additionally, the backdrop of massive BTC withdrawals from Binance adds another layer of complexity to the market, as such movements can indicate shifts in investor sentiment and liquidity. The interplay between these factors highlights the volatility inherent in cryptocurrency markets and underscores the importance of careful analysis for traders navigating this landscape.