2025-11-6 19:16 |
Bitcoin Magazine
Bitcoin Price Rebounds Above $103,000 After Dipping Below Six Figures — Bull Run Next?
Bitcoin price has bounced back to over $103,000 today after plunging below $100,000 on Tuesday — its lowest level since June — as extreme fear gripped the market.
The drop came amid heavy selling pressure, ETF outflows, and renewed macro uncertainty.
Earlier this week, investors pulled nearly $1.8 billion from Bitcoin and other crypto ETFs, while crypto-linked stocks like Strategy and Coinbase also declined.
Adding to the pressure, Federal Reserve Chair Jerome Powell signaled that interest rates could stay higher for longer, strengthening the U.S. dollar and weighing on non-yielding assets like Bitcoin.
Despite the turmoil, some investors are seeing opportunity. Michael Saylor’s firm, Strategy, recently bought 397 BTC at an average of $114,771, signaling confidence in bitcoin price’s long-term trajectory.
While sentiment remains cautious and “extreme fear” dominates, Bitcoin’s rebound above $103,000 shows resilience.
The entire crypto market was rattled on October 10, when bitcoin and the broader market witnessed a drastic and sharp sell-off as President Trump announced sweeping 100% tariffs and export controls in response to China’s new restrictions on nearly all products starting November 1, 2025.
The news triggered a sharp crypto sell-off, with bitcoin briefly down 12% and other major cryptocurrencies falling as much as 40%.
Since then, bitcoin price and other crypto have failed to recover from those levels. Bitcoin specifically has shown resilience to the other altcoins, dropping only 20-25% from early October levels.
Bitcoin price bull run may be closer than it looksBitcoin’s recent price slump might actually be the setup for its next big rally. While BTC has struggled to keep pace with record-breaking moves in Gold and the S&P 500, market patterns suggest a familiar rotation is unfolding — one that has historically preceded major Bitcoin bull runs.
Each time Gold rallies hard, it eventually cools, and capital rotates into riskier assets like equities and Bitcoin. This cycle has repeated across multiple eras — 2012, 2016, 2020 — and the setup looks eerily similar today.
Gold recently hit new highs but has started to lose steam, while stocks are pushing higher. That shift typically signals renewed risk appetite — prime conditions for Bitcoin.
Yet when measured against other assets rather than the dollar, Bitcoin still has room to run. A return to its prior relative highs versus equities or Gold would imply BTC prices near $150,000 – $160,000.
This post Bitcoin Price Rebounds Above $103,000 After Dipping Below Six Figures — Bull Run Next? first appeared on Bitcoin Magazine and is written by Micah Zimmerman.
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