Bitcoin (BTC) surges towards $105,000 as traders eye $107,000 retest. Binance withdrawals signal bullish outlook as BTC price shows strength on low time frames. Pattern of higher lows since Nov. 5 remains intact, with RSI hinting at bullish divergence on the hourly chart. $107,000 resistance key for bullish turnaround.

Traders divided on BTC’s ability to reclaim $107,000 resistance. Luca predicts further consolidation if support range is broken. Binance withdrawals spike as users move BTC off exchange, signaling potential accumulation phase. OTC desk activity rises at $103,000 price level, suggesting institutional involvement. Withdrawals coincide with increased market sentiment and bullish outlook.

Read more at CoinTelegraph: Bitcoin Needs to Crack $107,000 Next, Traders Agree