Bitcoin News Today: BTC Demand Hits Four-Month High, Signals Possible Bullish Reversal Ahead

Bitcoin is showing potential for a bullish reversal with a rise in demand, reaching levels not seen in four months. This increase in demand, combined with the higher volume of spot trading, implies that the price of Bitcoin could surge, particularly if the price can recover above the $110,000 level.

Apparent Demand Rises to Four-Month High

Bitcoin's apparent demand metric, created by Capriole Investments, has turned positive and hit its highest level since July. This metric measures demand by comparing mining issuance against the amount of Bitcoin that has not seen action for over a year. On November 11, apparent demand reached 5,251 BTC, the highest value since July 2025.

The demand shift followed a negative trend between October 8 and October 21, and demand bottomed out at -3,930 BTC. However, the measure took a sharp turn, indicating a rise in trader and investor interest in Bitcoin. This increase is indicative of a maturing hunger for Bitcoin, especially given the improvement that the macroeconomic trend is showing.

Increasing Spot Volume Indicates Speculative Activity

Bitcoin's spot trading volume rose by 23%, or $14.1 billion, compared to $11.5 billion last week. This increase suggests heightened speculation as traders try to profit from potential price changes. According to Glassnode, a rise in spot volume signals renewed buyer engagement early on, with the potential for a breakout move.

The increase in trading activity is also correlated with wider market optimism. Investors are showing new interest in risk assets, including Bitcoin, as the end to the US government shutdown and possible Federal Reserve rate cuts are expected. This change in sentiment has helped to drive the current upward trend for Bitcoin price.

Also Read: CRV Positioned for Breakout as Bitcoin Holds Above $100K

Key Price Levels for a Bullish Breakout

The path for Bitcoin moving forward is largely dependent on a breakout and holds above the $110,000 price level. Analysts are closely watching this level because a rebound above the resistance level could mark the beginning of a firmer rally. Michael van de Poppe, founder of MN Capital, predicts that Bitcoin could rally towards its all-time high of $126,000 if it breaks above $110,000. However, if the price cannot hold above this price, the market could experience further weakness.

Despite a recent pullback, Bitcoin has been relatively steady at around $105,000. The market has been showing signs of accumulation with an increase in liquidity in stablecoins, signaling potential buying power on the sidelines. As the market waits to see what will come next, analysts are on the lookout to see if momentum continues to build in the next few weeks.

Bitcoin's recent demand rise and soaring trading volume signal a potential breakout may be in the close. However, the ability to regain the $110,000 level remains a critical factor if the bullish trend continues.