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Bitcoin News Today: Bitcoin Faces $108K Test: Surge Ahead or Setback?

Bitcoin News Today: Bitcoin Faces $108K Test: Surge Ahead or Setback?

Bitget-RWA2025/11/12 23:44
By:Bitget-RWA

- Bitcoin hovers near $104.5K with technical indicators signaling potential breakout above $108K, driven by ETF inflows and reduced miner selling pressure. - AlphaPepe (ALPE) attracts 3,500+ holders via BNB Chain presale, offering staking rewards and 10% referral incentives amid SHIB holders' search for high-potential meme tokens. - Shiba Inu expands utility through telecom node partnerships, enabling SHIB-based payments and rewards, aiming to solidify real-world adoption beyond speculative trading. - Cana

Bitcoin’s recent price movements have sparked fresh debate about whether it can break through the $108,000 resistance, with experts pointing to technical signals that indicate the market is consolidating. As of November 2025,

(BTC) is trading close to $104,500, fluctuating within a tight band characterized by lower day-to-day volatility and a decrease in miner sell-offs, according to a report. Indicators like Bollinger Bands and ATR suggest the market is “coiling,” hinting that a significant move could be on the horizon. Should BTC surpass the $107,500–$108,000 , it may rally toward the $110,000–$112,000 range, driven by ETF investments, institutional buying, and a pattern of higher lows above $104,000, as highlighted by . On the other hand, if BTC fails to maintain support above $104,000, it could retreat to between $102,000 and $100,500, especially if ETF demand weakens or miners resume selling, according to the same analysis.

At the same time, attention is shifting to up-and-coming tokens, particularly as

(SHIB) investors search for the next promising project. While continues to be a leading meme coin—trading near $0.00001 and backed by its Shibarium Layer-2 and ongoing token burns—more investors are turning their focus to new projects.
Bitcoin News Today: Bitcoin Faces $108K Test: Surge Ahead or Setback? image 0

The ongoing development of the Shiba Inu ecosystem further highlights its shift toward practical use. A new partnership with Unity Nodes brings SHIB into telecom infrastructure verification, enabling holders to buy nodes and licenses through a SHIB-branded payment system, as reported by

. This alliance, part of a broader effort to give SHIB tangible applications, allows users to earn network rewards in SHIB and benefit from exclusive referral perks. With Unity’s network operating in several countries and only 6,000 nodes available, the project aims to reinforce SHIB’s position beyond just speculation, according to Coinpaper.

Broader market trends also reveal shifts at the institutional and macro levels. Canary Capital’s upcoming XRP ETF—possibly launching this week—marks increasing regulatory openness to altcoins, following the success of Bitcoin and Ethereum ETFs, as

noted. Meanwhile, Binance’s CZ has warned about AI-powered scams, including a counterfeit autobiography using his identity, highlighting new risks in the sector, as Coinotag also reported. On-chain, a Shiba Inu whale moved 233 billion SHIB internally on , with experts suggesting this was a liquidity test rather than a sell-off, according to .

As Bitcoin’s technical indicators build anticipation for a breakout, the cryptocurrency market continues to evolve, with new tokens and practical projects such as SHIB’s telecom integration capturing investor interest. Whether BTC breaks above $108,000 or remains range-bound, the interaction between macroeconomic forces and innovation in decentralized finance will continue to shape the landscape.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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