Will Bitcoin’s Latest Sunday Pump be Different This Time?

Key points:

• Bitcoin reached $111,000 for the first time in November, but traders expect the uptrend to unravel over the weekend.

• Coinbase selling pressure comes as Bitcoin whale resumes BTC distribution.

• The bulls are still unable to reclaim the lost support at $111,200 and above.

Bitcoin (BTC) saw a late bid into the weekly close on Sunday as key recovery levels remained elusive.

Bitcoin Traders Don’t Trust the ‘Sunday Pump’

Data from Cointelegraph Markets Pro and TradingView Tracked BTC’s price action as it reached local highs of $111,129 on Bitstamp.

While this level is still range-bound, it represents a new November high amid the sudden return of bidder interest on major exchanges.

“Binance and Coinbase are bidding on $BTC now,” cryptocurrency investor and entrepreneur Ted Pillows said. certain On X.

The cushions indicated that the trend contradicts what we saw during the week. As Cointelegraph reported, US sessions in particular were characterized by selling pressure.

He implied that the weekend move to the upside would not survive the return of TradFi markets.

He added: “I would really appreciate it if they would bid on weekdays as well. Another pump on Sunday and we know how this will end.”

Commentator Exitpump predicted further gains on Sunday, reaching $114,000 at most.

“If that were to happen, given the nature of Sunday, the price could easily reach 113,000, 114,000 until Monday, but our conviction is low on that.” books.

Not everyone was in the mood to buy. Trader BitBull noted renewed distribution from a Bitcoin whale’s wallet with $650 million in outflows since the BTC/USD price fell as much as 20% from all-time highs in October.

Insider OG whale sells more Bitcoin.

Today, he deposited another $55 million worth of Bitcoin into Kraken.

Since the October crash, the whale has sold more than $650 million $ Bitcoin.

When will he stop dumping? pic.twitter.com/irzkWhQLzG

– Pitbull (@AkaBull_) November 2, 2025

BTC price support is still a ways off

Turning to important support and resistance levels, trader and analyst Rekt Capital pointed to Bitcoin’s 21-week Exponential Moving Average (EMA) as a nearby trendline to reclaim.

Related to: Bitcoin begins a $100K “capitulation” as BTC price gauge sees huge fluctuations

The 21-week moving average was at $111,230 at the time of writing, acting as the current ceiling of the weekend’s uptrend.

“Bitcoin is not too far away from reclaiming the 21-week EMA (green) for a successful retest after the breakout,” Reckitt Capital Sum it up Saturday.

Meanwhile, Cushions saw the need for bulls to return $112,000 to support.

$ Bitcoin Pumped a little on the US-China trade deal.

But the power is still not there.

Bitcoin needs to reclaim the $112,000 level with strong trading volume for further upside.

Failure to do so will result in a larger correction. pic.twitter.com/WcyuNjyEkD

– Ted (@TedPillows) November 2, 2025

Meanwhile, Cas Abbe, a contributor to onchain analytics platform CryptoQuant, put the price action in the context of Fibonacci retracement levels.

“Bitcoin typically bottoms at around the 38.2% Fibonacci level. This has been the case since Q1 2023, and last month something similar happened,” Share X On the mentioned topic.

“Bitcoin fell to exactly that Fibonacci level, and then bounced back. If history is any indication, Bitcoin has bottomed. If Bitcoin closes a monthly candle below that, the uptrend will likely be over.”

The level in question was just above the $100,000 mark.

This article does not contain investment advice or recommendations. Every investment and trading move involves risks, and readers should conduct their own research when making a decision.