Bitcoin Tests $106,400 Pivot as Rally Toward $120,000 Hinges on ETF Inflows

Bitcoin returned to $106,400 on November 10, a critical level that has acted as both support and resistance throughout the current cycle. A sustained break above this pivot, confirmed by multi-day ETF inflows and options skew shifting toward calls, could open moves toward $114,000 to $120,000. Failure to hold risks a retreat to $100,000, with Bitcoin trading at $106,354.45 as of 10:15 am UTC.