<a rel="noopener noreferrer nofollow" target="_blank" href="https://med.etoro.com/B10215_A67747_TClick_Scb-bitcoin.aspx?TargetURL=https://www.etoro.com/markets/btc">Bitcoin</a> recently formed a classic double bottom pattern over the weekend, signaling a potential bullish shift in sentiment. The cryptocurrency closed the week above its key 50-week moving average, suggesting growing confidence among investors. While technical signals point toward a continued upward trend, on-chain data and short-term market factors indicate areas of caution that traders should watch closely.
<div class="key-takeaways">
 <ul>
 <li>The Bitcoin double bottom pattern could propel prices toward $110,000 if bullish momentum persists.</li>
 <li>A pending CME gap near $104,000 may lead to short-term retracement before further gains.</li>
 <li>Rising stablecoin reserves indicate offchain liquidity build-up, potentially fueling future rally attempts.</li>
 <li>Increasing stress among short-term holders hints at near-term volatility in the crypto markets.</li>
 </ul>
</div>
Bitcoin (<a target="_blank" href="#" rel="noopener noreferrer nofollow">BTC</a>) confirmed a textbook double bottom over the weekend, leading to a weekly close above its 50-week moving average — a significant bullish indicator. The pattern aligns with a region of previous support, specifically the daily order block between $98,100 and $102,000, where <a rel="noopener noreferrer nofollow" target="_blank" href="https://med.etoro.com/B10215_A67747_TClick_Scb-bitcoin.aspx?TargetURL=https://www.etoro.com/markets/btc">BTC</a> repeatedly tested the $100,000 mark before bouncing higher.
<figure>
 <figcaption style="text-align: center">Bitcoin four-hour chart. Source: <a target="_blank" href="https://www.tradingview.com/symbols/BTCUSDT/" rel="noopener noreferrer nofollow">TradingView</a>
 </figcaption>
</figure>
Following a bullish break of structure on the four-hour timeframe, Bitcoin now faces resistance near $111,300. If momentum sustains, this level could be tested. However, on-chain analytics suggest that upward movement may encounter hurdles. According to Glassnode, BTC recently rebounded from the 75th percentile cost basis around $100,000. The next significant resistance lies near the 85th percentile, roughly $108,500, a barrier that has historically tested recovery moves, as it represents the average price at which most investors bought their holdings.
<figure><img alt="Cryptocurrencies, Bitcoin Price, Bitcoin Analysis, Investments, Markets, Cryptocurrency Exchange, Binance, Price Analysis, Market Analysis, Whale" src="https://www.cryptobreaking.com/wp-content/uploads/2025/11/019a6ea9-d025-7199-9460-e1276c51062a.jpeg" title="">
 <figcaption style="text-align: center">Bitcoin cost basis distribution levels. Source: Glassnode
 </figcaption>
</figure>
Nevertheless, major resistance looms at around $115,000, as indicated by potential liquidity accumulation, corresponding with a daily resistance point. Furthermore, a notable CME futures gap exists between $103,100 and $104,000. Such gaps often serve as magnets for traders to revisit these levels, which could lead to a short-term retracement before Bitcoin resumes its upward trajectory.
<figure><img alt="Cryptocurrencies, Bitcoin Price, Bitcoin Analysis, Investments, Markets, Cryptocurrency Exchange, Binance, Price Analysis, Market Analysis, Whale" src="https://www.cryptobreaking.com/wp-content/uploads/2025/11/019a6ea0-7484-723a-9301-767935d6e2b5.png" title="">
 <figcaption style="text-align: center">Bitcoin CME gap analysis. Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://sovrn.co/1h8llaz">Cointelegraph</a>/<a rel="noopener noreferrer nofollow" target="_blank" href="https://www.tradingview.com/?aff_id=115702&amp;aff_sub=cryptobreaking">TradingView</a>
 </figcaption>
</figure>
With liquidity précising in the markets and buy-side participation thinning, BTC could decline to revisit levels between $101,000 and $102,500, thereby testing recent order blocks before potentially resuming its bullish climb.
<h2 id="stablecoin-reserves-and-short-term-holder-behavior-impact-market-outlook">Stablecoin Reserves and Short-term Holder Behavior Impact Market Outlook</h2>
Data from CryptoQuant indicates that the Stablecoin Supply Ratio (SSR) has tumbled from over 18 earlier this year to just 13.1 — one of the lowest levels in 2025 — signaling increased offchain liquidity buildup. This suggests that investors are quietly accumulating stablecoins, waiting for clearer market signals before deploying capital into crypto assets.
Meanwhile, crypto analyst Darkfost highlighted a sharp 40% increase in short-term holder (STH) inflows to <a rel="noopener noreferrer nofollow" target="_blank" href="https://binance.pxf.io/P0PnDj?refcode=20181193">Binance</a> since September, rising from 5,000 BTC to 8,700 BTC. With the average purchase price for STHs near $112,000, many of these investors are currently underwater. Such short-term investors tend to act defensively in volatile environments, and their heightened selling pressure may precede further price corrections, adding a layer of near-term uncertainty to Bitcoin’s outlook.
<figure><img alt="Cryptocurrencies, Bitcoin Price, Bitcoin Analysis, Investments, Markets, Cryptocurrency Exchange, Binance, Price Analysis, Market Analysis, Whale" src="https://www.cryptobreaking.com/wp-content/uploads/2025/11/019a6e9e-e1d6-72db-8767-a96860096330.jpeg" title="">
 <figcaption style="text-align: center">Bitcoin exchange inflow STH spent output age bands. Source: CryptoQuant
 </figcaption>
</figure>
Overall, while technical indicators project potential for continued bullishness in the crypto markets, traders should remain cautious amid on-chain signals of resistance and short-term profit-taking. As the market navigates these nuanced signals, the coming weeks could bring further volatility and strategic opportunities for investors tracking the evolving cryptocurrency landscape.
This article was originally published as <a href="https://www.cryptobreaking.com/btc-rebounds-to-110k-will/?utm_source=rss&amp;utm_medium=syndication&amp;utm_campaign=article_footer" rel="noopener noreferrer nofollow">BTC Rebounds to $110K: Will CME Gap Steer Its Next Move?</a> on <a href="https://www.cryptobreaking.com/?utm_source=rss&amp;utm_medium=syndication&amp;utm_campaign=article_footer" rel="noopener noreferrer nofollow">Crypto Breaking News</a> – your trusted source for crypto news, Bitcoin news, and blockchain updates.

BTC Rebounds to $110K: Will CME Gap Steer Its Next Move?

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