Bitcoin tapped $111,129, its highest level so far in November. Traders say the weekend pump looks fragile and expect it to fade once traditional markets reopen. Whale distribution continues — one large wallet has sold roughly $650 million in BTC since the late-October wipeout. Bulls still haven't flipped critical levels like $111,200–$112,000 into support. The 21-week EMA (~$111,230) is acting resistance. A clean reclaim would be bullish. Some on-chain and Fibonacci-based analysis suggests BTC may already have bottomed near $100K — unless that level breaks one monthly close.
