Crypto Daily
2025-11-10 14:52:59

Bitcoin Recovers Driven by Bullish Macro Catalysts: $110K Level in Sight

Bitcoin (BTC) extended its rebound this week, climbing above the $105,000 resistance level as improving macro conditions revived risk appetite across global markets. The move marks a sharp reversal from the previous week’s selloff, with traders now watching whether momentum can carry BTC toward the $110,000 threshold. Just as traders analyze resistance and support zones to predict market movements, Outset PR monitors media outlet performance metrics. This allows them to align campaigns with market momentum, ensuring their stories are timely and relevant—much like investors seeking breakout assets in a cautious market. Government Stability Boosts Risk Sentiment A major tailwind came from Washington, where the U.S. Senate advanced a bipartisan bill to end the 40-day government shutdown, with a final vote scheduled for mid-December. The development eased systemic risk and reassured investors that fiscal operations — including government spending and payments — would stabilize in the coming weeks. The renewed political cooperation injected optimism into risk markets, leading to rallies across equities, tech stocks, and digital assets. Bitcoin, long considered a proxy for broader risk sentiment, reacted swiftly — breaking through key resistance as institutional demand rebounded. BTC Technical Picture: Momentum Turns Bullish Source: coinmarketcap From a technical standpoint, Bitcoin has breached $105,000 resistance, transforming the 50-day simple moving average (SMA) at $104,149 into short-term support. The RSI at 67 signals strong but not yet overextended momentum, while a MACD bullish crossover confirms accelerating upside pressure. Traders now focus on the 38.2% Fibonacci retracement level at $109,660, which represents the next key resistance. Breaking above this zone could open a move toward $110,000–$112,000, marking a potential resumption of the medium-term uptrend. That said, profit-taking remains a near-term risk. Many short-term traders who entered above $105K may look to lock in gains as BTC approaches $110K, especially given the rapid pace of the recovery. Downside Scenarios: Support at $104K Despite renewed strength, analysts caution that a close below $104,000 could invalidate the breakout and trigger liquidations among leveraged long positions. Such a move would likely send BTC back toward $101K–$102K, where deeper bids from long-term holders could reemerge. Still, as long as Bitcoin maintains its foothold above $105K, market structure remains constructive. The combination of policy clarity, improving risk sentiment, and bullish technicals provides a favorable backdrop heading into the December macro window. How Outset PR Optimizes PR Budgets and Delivers Tangible Results The purpose of any PR campaign is to boost brand visibility. Traditionally, this has meant securing as many publications as possible, often with unpredictable outcomes. It was difficult to know how many readers would actually see a story, leaving much of PR to guesswork. Actually, it had been guesswork until analysts of Outset PR developed Syndication Map —a proprietary tool that identifies which outlets attract the most traffic and where a story is likely to achieve the strongest syndication lift. Senior Media Analyst Maximilian Fondé explains: If a company needs a top list article, we filter the table for media that publish this format, cross-check costs and placement conditions, and know within minutes which outlets to pitch. Over time, that builds into a comprehensive database of crypto-friendly publishers – something other players in the industry don't have right now. Smarter Campaigns, Lower Costs Campaigns built with Syndication Map are not about mass reach for its own sake. They are carefully crafted to serve specific goals. By narrowing the focus to the most effective outlets, Outset PR reduces unnecessary spending on low-impact publications. Another key factor is communication. Outset PR’s dedicated Media Relations team, led by Anastasia Anisimova , has earned the trust of leading outlets through professionalism and genuine relationships. Sincerity and friendliness are our core principles, earning us the trust of numerous media outlets. Unfortunately, not all agencies in our industry prioritize friendliness in their communications. Extended Reach Through Syndication Outset PR campaigns also achieve more visibility than clients initially pay for. Articles are frequently republished across aggregators and platforms such as CoinMarketCap and Binance Square, extending exposure far beyond the original placement. Well-placed articles can achieve up to ten times the outreach of the original post. The case of StealthEX demonstrates this effect clearly: targeted tier-1 pitching led to 92 republications across outlets including CoinMarketCap, Binance Square, and Yahoo Finance, generating a total outreach of over 3 billion. Outset PR Sets a New Standard Pitching to a major outlet still has value, but syndication often delivers far greater reach at a lower cost. Outset PR has mastered this strategy, combining proprietary tools, strong media relations, and syndication opportunities to deliver results backed by numbers. Ready to make your budget work smarter? Discover how targeted campaigns deliver verifiable results. 👉 Reach out to Outset PR BTC Price Outlook: Optimism Returns, But Resistance Looms Bitcoin’s recovery highlights how closely its performance remains tied to macro policy shifts. The easing of political tension in the U.S. has revived liquidity and improved investor confidence across the board, giving crypto room to breathe after weeks of pressure. If BTC can decisively clear $109,660, the rally may extend toward $110K and potentially higher. Until then, the market remains in watch-and-react mode, balancing enthusiasm with caution. With macro catalysts turning supportive and technicals improving, Bitcoin’s latest comeback suggests the bulls are back in control — at least for now. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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