- Bitcoin at ~$107K: On November 3, 2025, Bitcoin traded around $107,500, down roughly 3% from the prior day [1]. This extends a pullback from its all-time high above $125,000 hit in early October [2].
- Big Liquidations: The drop under $108K triggered one of the largest liquidation waves in weeks – roughly $463 million in leveraged positions were wiped out as over 173,000 traders got liquidated [3] [4].
- Fed & Dollar Pressure: Analysts pinned the sell-off on Fed Chair Jerome Powell’s hawkish comments (suggesting no guarantee of another rate cut soon) and a firmer U.S. dollar, which hurt appetite for risk assets [5].
- Altcoins Slump Too: Major altcoins fell in tandem – Ethereum slid ~5% to ~$3,710 and XRP ~4% to $2.45 [6]. The total crypto market cap shed ~3.6% (to ~$3.59 trillion) amid broad risk-off sentiment [7].
- Stocks Steady Amid Rate Cuts: Traditional stocks held up better. The Fed’s Oct. 29 rate cut (0.25% to 3.75–4.0%) gave Wall Street a modest boost (Nasdaq +0.5% that day) [8], and early November saw stock futures tick higher on strong earnings [9]. However, leaders like JPMorgan’s CEO warned of potential corrections ahead given high valuations [10].
- Analysts Split on Outlook: Experts are divided on BTC’s trajectory. Some warn the bull run is over, predicting a drop to ~$70K in coming months [11], while others see room for a rebound if support at ~$108K holds and catalysts like Fed easing or a spot ETF approval boost confidence [12].
Bitcoin Price on November 3, 2025: $107K and Recent Trend
Bitcoin’s price on November 3, 2025 hovered near $107,000, marking a sharp one-day decline in an already fragile market [13]. The flagship cryptocurrency was down ~2.8% over 24 hours, extending the weakness seen in late October. In fact, BTC had soared to an all-time high of ~$125,245 just a month earlier (on Oct. 5) [14], but a series of pullbacks erased those gains. By the end of October, Bitcoin registered a ~5% monthly decline – its first negative “Uptober” since 2018 [15] – snapping a seven-year streak of October gains.
On Nov. 3, BTC opened the day above $110K but tumbled to an intraday low around $107,000 (briefly dipping to ~$106,990) amidst a wave of selling pressure [16]. It closed the day near $107,365, according to historical price data [17]. For context, one week prior Bitcoin was trading in the mid-$110Ks, and one month prior it was over $120K – underscoring the volatility that has gripped the crypto market in recent weeks. Traders have been digesting a whirlwind of news and technical signals, which set the stage for Monday’s steep price swing.
Major Drivers: Liquidations, Fed Policy, and Stronger Dollar
Aggressive liquidations compounded Bitcoin’s fall. When BTC slipped below the $109K–$108K level, it triggered a cascade of leveraged position liquidations. In total, about $463 million in futures positions were wiped out across exchanges in this downturn [18]. Within just one hour during the heaviest selling, over $100 million was liquidated as stop-losses and margin calls kicked in [19]. Coinglass data showed some 173,765 traders liquidated, with long positions accounting for the vast majority of losses (~$405M vs. ~$58M from shorts) [20]. This indicates that many traders had been over-leveraged on bullish bets, and the price drop led to a rapid “flush-out” of excess leverage.
Importantly, market observers described this liquidation wave as significant but not catastrophic. Market makers noted that the purge of overleveraged longs appeared to be a “moderate flushing” rather than a panic capitulation [21]. Many traders had already de-risked after October’s turbulence, so while the liquidations were large, they did not spiral into an outright freefall. The end-of-October pullback and Monday’s drop together have reset much of the late-leverage that built up when Bitcoin was chasing new highs. This reduction in leverage could, in theory, set the stage for more stable price action once a bottom is found.
On the macroeconomic front, a convergence of factors put pressure on crypto. Just last week, the U.S. Federal Reserve cut interest rates by 25 basis points – the first rate cut in years – bringing the benchmark rate down to 3.75%–4.00% [22]. Normally, easier monetary policy is bullish for Bitcoin, but Fed Chair Jerome Powell’s tone upset expectations. In his comments, Powell downplayed the likelihood of another cut in December, emphasizing that a December rate reduction was “not guaranteed” [23]. This hawkish signal caught markets off guard. Traders had been hoping for a clear easing cycle; instead, Powell’s caution made investors second-guess, leading to a stronger U.S. dollar and weaker risk appetite [24].
Indeed, the U.S. dollar index (DXY), which had softened during the government funding drama in early October, rebounded in late October. By Monday, the dollar was holding gains, and Treasury yields remained elevated (~4.0% on the 10-year) [25]. A firm dollar and high yields tend to create headwinds for Bitcoin. The reasoning: a pricier dollar and attractive bond yields make safe assets more appealing relative to volatile, non-yielding assets like BTC. Analysts squarely pointed to these macro pressures as catalysts for Bitcoin’s drop, noting that Powell’s stance and the dollar’s bounce “weakened risk appetite across financial markets” [26].
The ongoing U.S. government shutdown (now over a month long) added another layer of uncertainty. With many federal agencies partially closed, key economic reports – such as monthly jobs and inflation data – have been delayed. Powell himself admitted the Fed is somewhat “flying blind” without fresh data [27]. This data vacuum has made markets jittery and likely amplified reactions to any hints from Fed officials. In October, the lack of clarity on economic trends made the Fed’s guidance more pivotal; when that guidance sounded less dovish than hoped, markets reacted swiftly. In short, macro jitters (Fed policy, a strengthening USD, and fiscal gridlock) set a risk-off tone, creating a tough environment for Bitcoin on Nov. 3.
Technical Analysis: Support, Resistance and Indicators
From a technical standpoint, Bitcoin’s chart is at a critical juncture. The failure to hold above the $110,000 support level last week means that zone has now turned into near-term resistance. Bulls will need to reclaim the $110K-$112K range to regain momentum, as multiple analysts have emphasized. Notably, BTC has been struggling to break back above its 21-week exponential moving average (EMA), which sits around $111,200, and also above the $112,000 price mark [28]. These levels roughly coincide with Bitcoin’s mid-October consolidation band and are seen as pivotal for any renewed uptrend. Technical traders suggest that only a decisive push above ~$112K, coupled with strong volume, would signal that the recent downtrend is reversing.
On the downside, Bitcoin appears to be building support in the upper $100Ks. Thus far, the $106K–$108K zone has attracted buyers – some analysts even call it a “strong buy zone” of interest [29]. On Nov. 3, BTC defended ~$107K multiple times, indicating dip-buyers stepping in at those levels. Importantly, automated sell orders (stop-losses) were clustered around $109.5K; breaching that triggered a wave of selling [30]. But after that flush, the selling paused near $107K, suggesting that liquidity and buyer interest materialized around the 108K→106K area. This aligns with observed support now lying at $108K–$109K – a range bulls are keen to hold to prevent deeper losses [31].
Momentum and trend indicators are sending mixed signals. Short-term metrics like the daily Relative Strength Index (RSI) likely dipped toward oversold territory (<30) during the sell-off, which can precede relief bounces. (Detailed RSI values weren’t cited, but the rapid 15% pullback from late October highs implies a momentum reset.) Meanwhile, longer-term indicators show waning momentum: CoinDesk analysts highlight a bearish divergence on the monthly MACD (Moving Average Convergence Divergence) histogram [32]. In October, Bitcoin’s price hit a new peak (~$126K) but the MACD histogram did not reach a new high, reflecting weaker upward momentum [33]. Such bearish MACD divergences were seen at previous market tops (e.g. late 2021) [34], hinting that the recent rally was losing steam even as price set records. This indecision at the top is underscored by October’s monthly candle: a huge trading range but ultimately only a modest ~3.8% net drop [35], forming a kind of “doji” on the monthly chart that signifies market indecision at record highs.
Looking ahead, key levels frame Bitcoin’s technical outlook. On the upside, beyond $112K, the next major resistance would be around $116K (a level CoinDesk notes is needed to “reaffirm the bullish outlook” after this correction) [36]. A sustained break above $116K would likely target the $120K–$125K zone again. On the downside, if the $106K support fails, eyes turn to the psychologically significant $100,000 level. Many analysts believe that $100K will act as a strong support on first test, given its importance (a round-number milestone and a level never seen before 2025). CoinDesk’s analysis indeed suggests BTC “could pull back toward $100,000 or lower” if bullish momentum doesn’t return soon [37]. Below $100K, technical support levels would be in the mid-$90Ks (near the summer 2025 consolidation zone), but such scenarios venture into medium-term outlooks. For now, the $108K support and $112K resistance are the immediate lines in the sand that traders are watching.
Crypto Market News Round-Up (Late Oct – Nov 3)
The volatility around Nov. 3 didn’t occur in isolation – it coincided with a flurry of crypto-specific news and broader events in late October and early November:
- U.S.-China Trade Twist: A significant geopolitical development came on Oct. 30 when President Donald Trump met with China’s President Xi Jinping in South Korea. Initially, this meeting was met with uncertainty (no immediate deal was announced), contributing to Bitcoin’s drop to $108K that day [38] [39]. However, shortly afterward, Trump revealed favorable outcomes: he announced a one-year trade agreement framework and notably said the U.S. would lower tariffs on Chinese goods to 47% from 57% [40] [41]. He also declared the contentious rare-earth metals dispute “settled”, removing a major trade roadblock [42]. These developments temporarily improved market sentiment. Bitcoin “popped” back above $110K early on Oct. 30 following the news [43], as traders took it as a sign that geopolitical risk was easing. Analysts noted that easing trade tensions plus Fed rate cuts form a rare alignment that could benefit crypto if sustained [44]. However, by the new week (Nov. 3), the trade truce optimism had faded, as investors refocused on domestic economic worries and as no further concrete trade details emerged.
- Government Shutdown Drags On: The United States entered November with its federal government still in partial shutdown, an impasse that began in early October. By Nov. 3, the shutdown was at roughly Day 34, making it one of the longest ever. Historically, markets have largely shrugged off shutdowns [45] – and indeed U.S. stocks were more influenced by earnings and Fed policy at this time. But the shutdown’s effect was to delay important economic reports, injecting uncertainty. October’s non-farm payrolls report and other data were postponed, leaving the Fed and investors without fresh data on jobs or inflation [46]. This “data dark” period likely amplified market sensitivity to Fed communications (as mentioned earlier). In summary, the shutdown itself wasn’t the main market driver (stocks actually rose through late October), but its side effects – uncertainty and potential economic drag – formed part of the cautionary backdrop for Bitcoin.
- Pro-Crypto Signals from Washington: In a surprising turn of events, President Trump’s administration has been relatively crypto-friendly compared to prior leadership. Over 2025, Trump embraced digital assets, which led to the dismissal of several high-profile lawsuits against crypto companies and moves to create specialized rules to accommodate digital assets [47]. Around Nov. 3, a headline story was Trump’s pardon of Changpeng “CZ” Zhao, the founder of Binance (the world’s largest crypto exchange). CZ had been embroiled in U.S. legal troubles, but Trump granted clemency in late October. When asked about this in a CBS 60 Minutes interview aired Nov. 3, Trump stunned observers by claiming “I don’t know who he is” regarding CZ and framing the case as a political “witch hunt” by the previous administration [48]. He further stated that “the war on crypto is over,” signaling a clear shift in regulatory tone from the White House. This dramatic gesture removes a cloud hanging over Binance and has been seen as part of a broader pro-crypto pivot – though skeptics note it remains to be seen how this translates into concrete policy. Nonetheless, the pardon and rhetoric were welcomed by crypto advocates, as it suggests the U.S. government may take a lighter touch on crypto enforcement going forward.
- MicroStrategy’s Bitcoin Bet Continues:Institutional adoption news also made the rounds. MicroStrategy, the business intelligence firm known for its massive Bitcoin holdings, hinted at buying even more BTC. The company’s co-founder and Bitcoin evangelist Michael Saylor tweeted “November’s color is orange” on Nov. 2 [49] – a cryptic message interpreted as bullish (orange is Bitcoin’s color). This comes as MicroStrategy’s stash sits at 640,808 BTC (≈$70.7 billion) with an average purchase price around $74,000 per coin [50]. At current ~$107K prices, MicroStrategy is up ~49% on its BTC investment (about $23 billion in unrealized profit) [51]. Saylor’s hint suggests the firm might use its gains or additional capital to accumulate more if prices dip. Such institutional bids potentially set a floor under the market – traders often watch MicroStrategy’s moves as a proxy for institutional sentiment.
- ETF Flows and Whales: Despite some institutions hodling or buying, data shows others taking profits. Spot Bitcoin ETFs (recently launched funds that hold BTC) saw $388 million in net outflows in late October [52], the largest wave of withdrawals since August. This implies some institutional investors trimmed exposure after the Q3 price run-up, locking in gains. Additionally, on-chain data revealed that large “whale” wallets moved over 13,000 BTC (≈$1.5 billion) onto exchanges since October 1 [53]. One notable early Bitcoin adopter (sometimes identified by name in blockchain circles) sent 3,265 BTC (~$365 million) to Kraken in the past two weeks [54]. Such moves often foreshadow selling (as whales typically transfer coins to exchanges when preparing to sell). The presence of whales distributing holdings has been a concern – as noted in a Cointelegraph report, at least one big whale moved over $650 million of BTC to exchanges since the crash in October [55]. This steady supply from early holders could be capping Bitcoin’s upside in the near term and is a key factor traders are watching.
- DeFi Hack – Balancer Exploit: In crypto-specific news, a major DeFi (decentralized finance) platform, Balancer, suffered a suspected exploit on Nov. 3. On-chain analysis showed an attacker draining about $70.6 million worth of tokens – including staked Ether derivatives (osETH, wstETH) and WETH – from Balancer’s pools [56]. The stolen assets (e.g. ~6,850 osETH, 6,590 WETH) were moved to a new wallet [57]. By press time, no large dumps of those tokens were seen on exchanges, suggesting the hacker hadn’t liquidated them yet [58]. News of the hack rattled the DeFi sector, contributing to a slide in DeFi-related tokens. It added to a general risk-off mood in smaller altcoins. However, some segments saw contrarian pops – for instance, certain niche altcoins (like Dash, ICP, zkSync tokens) spiked double-digits due to idiosyncratic news [59], showing that crypto markets remained a patchwork of volatility. Overall, though, the crypto market on Nov. 3 was painted red, from large caps to DeFi and meme coins.
- Altcoin Performance: Beyond Ether and XRP’s declines, other major altcoins mirrored Bitcoin’s trajectory. Solana (SOL), Binance Coin (BNB), Cardano (ADA) all fell ~3–6% on the day [60]. Memecoins like Dogecoin (DOGE) were not spared, down about 4%. An interesting dynamic was the continued underperformance of altcoins relative to Bitcoin. Data indicated that the percentage of altcoin supply in profit fell to its lowest since the 2022 bear market [61]. This suggests many altcoins have not recovered as strongly as BTC during 2023–25, and investors have rotated into Bitcoin for relative safety (a classic “flight to quality” within crypto). Indeed, passive altcoin holders have lagged behind, while Bitcoin dominance (BTC’s share of total crypto market cap) has climbed – reflecting the market’s preference for large-cap stability over higher-risk tokens in uncertain times [62].
In summary, late October and early November brought a mix of encouraging news (trade truce, pro-crypto policies) and concerning developments (Fed caution, whale selling, DeFi hacks). This cocktail of news helps explain the choppy price action: Bitcoin is being pushed and pulled by macro winds and crypto-specific currents simultaneously, leading to the heightened volatility observed on Nov. 3.
Traditional Market Context
Bitcoin’s price action is often interlinked with broader financial market trends, and early November 2025 was no exception. In traditional markets, stocks and bonds set an ambivalent backdrop.
U.S. stock indices entered November on the upswing. After a weak September, October saw a rebound in equities – ironically, even as Bitcoin faltered in late October. The S&P 500 and Nasdaq Composite posted strong gains in the last week of October, fueled by optimism that inflation was cooling and the Fed would pivot to rate cuts. In fact, Bitcoin’s initial surge to record highs in early October was bolstered by concurrent gains in U.S. equities and inflows into Bitcoin ETFs, as Reuters noted [63]. There was a sense of “risk-on” synergy across markets until early October’s external shocks (like tariffs) hit.
However, by the end of October, sentiment turned a bit more cautious on Wall Street. Several influential figures issued warnings about asset prices. For example, JPMorgan CEO Jamie Dimon cautioned that stock market valuations were stretched and flagged a “heightened risk of a significant correction” within the next 6–24 months [64]. Such warnings resonated because major indices had rallied near all-time highs by mid-2025, and rising Treasury yields were offering a compelling alternative to stocks. This backdrop of possible equity overvaluation may have indirectly weighed on crypto sentiment – if a stock pullback is anticipated, some investors trim crypto exposure as well, given its high-beta nature.
Still, as of Nov. 3, stocks were holding steady. After the Fed’s rate cut on Oct. 29, the Dow and S&P 500 ticked up and the Nasdaq led with a 0.5% gain on that day [65]. The reduction in rates and especially the Fed’s decision to end its balance sheet reduction (QT) by Dec. 1 were seen as supportive for equities and risk assets [66]. The first days of November saw stock index futures slightly higher [67], buoyed by a strong Q3 earnings season where over 80% of reporting S&P companies beat expectations [68]. In essence, corporate America’s performance provided a tailwind that offset some macro worries. This relative stability in equities (compared to crypto’s swings) suggested that investors were not in full “risk-off” mode universally – instead, they were discriminating, with mega-cap stocks and certain sectors (e.g. AI, tech) still attracting inflows even as speculative crypto positions were pared back.
In the macro-economic data realm, the situation was nuanced. Inflation had moderated from the peaks of 2022–23 but remained somewhat above target. The Fed’s statement acknowledged that “inflation has moved up since earlier in the year and remains somewhat elevated” [69]. However, with the government shutdown delaying fresh data, markets lacked clarity on the latest inflation trajectory. Oil prices, which influence inflation, saw an important development: OPEC signaled it would pause any further production cuts (a “hike pause” in output reductions). This helped cap oil prices and was welcomed by markets as relief on the inflation front (Bloomberg reported OPEC’s stance in its Nov. 2 markets wrap). Easing oil prices can reduce inflation fears, which in turn could give central banks more leeway to be dovish – a positive feedback loop for both stocks and crypto.
A key dynamic to watch has been the U.S. dollar’s inverse relationship with Bitcoin. In late September, a looming shutdown and peaking yields led the dollar to pull back, which coincided with Bitcoin’s rise to $125K. By contrast, when Trump shocked markets with a 100% China tariff threat on Oct. 10 (later walked back), investors fled to the dollar’s safety, and Bitcoin plunged (~$104.8K low on Oct. 11) [70]. As of Nov. 3, the dollar index (DXY) was around 99, off its highs but firm after Powell’s hawkish hints [71]. If the dollar were to continue strengthening (say, on any renewed flight to safety or relatively higher U.S. interest rates), it could pressure BTC prices further. Conversely, any signs of dollar weakness (perhaps if global growth improves or if U.S. fiscal concerns mount) could once again support Bitcoin.
Bond yields are another piece of the puzzle. The U.S. 10-year yield hovering near 4% [72] is a far cry from the ultra-low yields of the late 2010s when Bitcoin had some of its biggest runs. Higher yields mean investors can get a decent return in risk-free Treasuries, which can compete with Bitcoin as a store of value. The Fed’s cutting cycle, if it continues, should bring yields down over time, potentially increasing Bitcoin’s appeal vs. bonds. Indeed, crypto bulls argue that with the Fed now adding liquidity (by ending quantitative tightening and eventually cutting rates), global liquidity will expand, which historically has lifted asset prices from stocks to crypto [73] [74].
Finally, geopolitics remain a wildcard. The trade détente between the U.S. and China as of early November is a cautiously positive sign – if it holds, it could remove a major volatility driver and allow markets (including crypto) to rally on fundamentals. But any reversal or new geopolitical flashpoints (trade, geopolitical conflicts, etc.) could spur volatility again. For example, had the Trump-Xi meeting failed completely or if tariff threats escalated, we might have seen a deeper risk asset sell-off. For now, that risk is tempered by the partial deal, aligning with a more dovish Fed stance. In summary, traditional markets in early November offered a mix of optimism (earnings, easing policy) and caution (valuations, dollar strength). Bitcoin’s fate in the short run may be tied to which force dominates: if monetary easing and improved sentiment gain the upper hand, BTC could stabilize and recover; if economic or geopolitical fears pick up, BTC might remain under pressure as investors seek safety.
Near-Term Bitcoin Forecast (Next 1–4 Weeks)
Over the next few weeks (through late November 2025), the outlook for Bitcoin is cautiously neutral with high volatility. Historically, November is Bitcoin’s strongest month – from 2013 to 2022, BTC saw an average gain of ~42% in November [75], earning it the nickname “Moonvember.” However, this statistic is skewed by a few outlier years; the median November gain is closer to +9% [76]. Given the recent turmoil, few analysts expect such explosive gains this year, but the historical trend does underline that surprises to the upside are possible if conditions turn favorable.
Bullish case (short-term): If Bitcoin can quickly reclaim the $110K-$112K level, it would signal that the market digested the recent bad news. A rebound into the teens (e.g. $115K) would likely flip trader sentiment back to bullish and could trigger fresh momentum buying. Some traders point out that traditional finance markets re-opening on Nov. 6 (after a U.S. long weekend) might bring in new liquidity – essentially the opposite of the fade that occurred when markets opened on Nov. 3. Key near-term catalysts that could spark a rally include: signs of cooling inflation in any delayed data releases, dovish commentary from Fed officials in mid-November, or progress on a U.S. spot Bitcoin ETF approval (the SEC’s delayed decisions are now due in early 2026, but even rumors could move markets). Additionally, Ethereum’s technical setup might assist – analysts note ETH has major resistance at ~$3,875, and a break above that could trigger a short squeeze and broader crypto bounce [77]. If BTC does rally, first targets would be ~$121K (erasing the drop since late October) and then the all-time high zone ~$125K. Some optimistic analysts still see $130K+ by year-end as achievable if November flips positive [78], citing potential seasonal strength and the idea that many investors are underexposed to BTC after this dip (pent-up demand on sidelines).
Bearish case (short-term): On the flip side, if Bitcoin fails to regain $110K and instead slips below $106K, technical selling could intensify. Cointelegraph reported that traders were skeptical of the early November “pump” to $111K, calling it a “Sunday pump” likely to fizzle out [79]. Indeed, that skepticism proved correct on Nov. 3, and it suggests a lack of confidence in any weak rally. Should BTC break under $106K with conviction, a swift drop toward $100K is on the table – as one crypto pundit quipped, there’s “not much support between $108K and $100K” once the former gives way [80]. Around $100K, we’d expect significant buying interest, both from long-term bulls (some of whom no doubt view anything near six figures as a relative bargain after projections of $150K+) and from institutional allocators who may have missed the summer rally. However, a fall to $100K would likely spook some recent entrants and could induce another round of liquidations from late long positions.
In the near term, volatility is likely to stay elevated. One reason is the uncertain macro calendar: by mid-November, if the government is still shut down, markets might lack hard data and thus trade on sentiment and technicals. Any headlines – good or bad – could have outsized impact. For example, an early resolution to the shutdown or a hint of an extra Fed cut could pump prices, whereas a negative earnings surprise from a tech giant or geopolitical flare-up could do the opposite. Traders are also eyeing options markets, where put options (bets on downside) have had elevated demand (a “put skew”) [81]. This suggests many are hedging against further drops. If BTC stabilizes, those hedges could be unwound, providing upward relief; if not, protective positioning may soften any crash (because some losses are recouped via options).
To sum up the short-term consensus: “cautious calm” is the theme, as one CoinDesk Asia briefing put it [82]. Market makers observed that after the Fed meeting, clients paused adding new risky bets but did show net buying of BTC on dips [83]. This implies traders are underexposed if a rebound occurs, potentially leading to FOMO (fear of missing out) buying on any upward momentum. Yet, until a clear catalyst emerges, the default expectation is for range-bound trading – possibly between ~$105K on the low end and ~$115K on the high end – with high intraday swings. Savvy traders may play this range, while longer-term holders will watch from the sidelines, waiting to see if November brings the famed BTC upside or confirms a steeper correction.
Medium-Term Outlook (3–6 Months)
Zooming out to the next 3 to 6 months (through spring 2026), experts hold widely divergent views on where Bitcoin is headed. The recent volatility has essentially ignited a debate: Was the run to $125K the end of this cycle’s bull market, or just a mid-cycle shakeout on the way to higher highs?
On the bearish side, some prominent analysts believe Bitcoin’s bull run has peaked. One such voice is Jon Glover, CIO at Ledn (and a respected market analyst). Glover now “firmly believes we have completed the five-wave upward move” (an Elliott Wave reference) and that BTC is entering a bear market that could last until late 2026 [84]. He argues that the fifth and final wave of this cycle topped out at ~$126K in October [85]. According to Glover, Bitcoin could fall to around $70,000 in the coming months – a roughly 35% drop from current levels [86] [87]. In fact, he suggests a range of $70K–$80K as likely, with even lower prices possible if pessimism snowballs. This view gained traction after BTC failed to hold $125K and then broke below $108K; Glover noted that breaking $108K was his confirmation that the bullish trend had likely ended [88]. In his words, “Now that we have broken down below $108K… THE BULL RUN IN BITCOIN IS OVER!” [89]. If Glover’s bearish forecast plays out, Bitcoin would effectively be tracing a classic post-bubble pattern: a peak followed by a multi-year bear market (similar to 2018’s decline after the 2017 peak, though at much higher absolute prices this time). Long-term holders would then brace for a potential crypto winter extending through 2026.
On the bullish side, other analysts remain optimistic that higher highs are ahead after this correction. A report from Bernstein (a major research firm) earlier in the year posited that Bitcoin could rally into 2026 toward $180K–$200K in a “supercycle” scenario [90]. Those analysts viewed the growing institutional adoption (e.g., BlackRock’s ETF efforts, corporate treasuries buying BTC) and the macro shift (rate cuts, potential economic reflation) as aligning for a powerful uptrend. Even now, after the dip, some bulls argue that we are merely seeing a healthy correction within a longer bull market. They point to upcoming potential catalysts: the 2024 Bitcoin halving (scheduled for April 2024) which historically has been bullish in the subsequent year, and the likelihood that by mid-2026, monetary policy globally will be much looser (if economies slow, central banks may be cutting rates significantly). From this perspective, the current $107K level could be a launchpad for the next leg up once the dust settles. For example, some optimistic projections still see BTC reaching $150K+ by mid-2026, especially if a spot Bitcoin ETF gets approved in the US in early 2026, unleashing a wave of retail and institutional inflows. (There is a real timeline here: the SEC, having delayed decisions in October, will have deadlines in Q1 2026 for several high-profile spot BTC ETF applications.)
Then there are moderates and scenario-planners who envision a couple of possible paths. One path: Bitcoin ranges roughly between $90K and $130K over the next 6 months, essentially consolidating after a big run-up, without making new highs or new lows. In this scenario, neither bulls nor bears have total control; instead, BTC would churn sideways as the market digests the huge gains made since 2023 (when BTC was <$50K) and waits for a clear macro trend. Many traders would actually welcome such consolidation, as it could rebuild a base for a more sustainable advance later. Another path: a final blow-off top in late 2025 or early 2026 followed by a deeper decline. It’s worth noting that Glover himself initially predicted BTC might hit $140K–$150K by end of 2025 before turning down – he revised that view only after the October drop [91]. It’s not inconceivable that Bitcoin could surprise by surging again (for instance, if the Fed cuts rates more aggressively or if a major country announces crypto-friendly regulations) to, say, $130K–$140K in the coming months, and then enter a bear market. This would echo patterns from previous cycles where after a first peak and correction, Bitcoin sometimes had a secondary rally (e.g., in mid-2019 after 2018’s crash, or the double-top in 2021). Some analysts on crypto Twitter are debating this “double top vs. already done” possibility right now.
From a fundamental perspective, medium-term headwinds include: rising real yields (if inflation falls faster than nominal rates, bonds yield more in real terms, which can draw money out of gold/Bitcoin), regulatory hurdles (while Trump is pro-crypto now, a change in administration or new laws in 2026 could pose issues), and tech shifts (if another crypto or technology steals some of Bitcoin’s thunder as a store of value). On the flip side, medium-term tailwinds might be: potential U.S. recession in 2026 (leading to major Fed easing or QE that boosts alternative assets), continued corporate and nation-state adoption of Bitcoin (imagine more Teslas and El Salvadors stepping in at $100K), and Bitcoin’s increasing scarcity narrative (the next halving will cut new supply to just 450 BTC/day in 2024, which over a year is much less sell pressure for the market to absorb).
Considering all views, a prudent forecast might anticipate continued volatility and a wide trading range for Bitcoin into early 2026. Key levels to monitor in this medium-term window are: $100K (crucial support; falling below it on a monthly closing basis would be a bearish regime change per some analysts [92]), $125K (the recent high and now a major resistance – reclaiming it would signal bulls are back in full force), and beyond that, $140K–$150K (the zone of some bullish targets and potential euphoria if reached). On the downside, if $100K breaks, the next supports might be ~$85K (previous mid-2025 support) and then that bearish ~$70K target from Glover which coincides with the 2021 cycle peak ($69K) – interestingly, a pullback to $70K would essentially retest the last cycle’s high as support. Many long-term bulls would view that as a golden buying opportunity, and it could indeed mark a cycle bottom if it happened.
In conclusion, Bitcoin’s price on November 3, 2025 was ~$107K amid a climate of short-term fear and uncertainty. We provided historical context (from $125K highs to October’s slump), analyzed technicals (support at $108K, resistance at $112K, weakening momentum), reviewed the news (Fed rate cuts, Trump’s crypto-friendly moves, liquidation stats, etc.), and surveyed expert opinions on what’s next. The coming weeks will test Bitcoin’s resilience at the $100K-$110K support band, while the coming months will reveal whether the 2025 bull run has more fuel left or if the market must absorb a longer correction. As always, investors should stay alert to rapid developments – in both macroeconomics and crypto – that can shift the balance. Bitcoin’s story in late 2025 is still being written, with November poised to play a decisive chapter in determining the trend into the new year.
Sources: Bitcoin price and market data from CoinDesk, Reuters, Cointelegraph, and CoinGlass [93] [94] [95]; Analyst and trader commentary from Reuters, CoinDesk, and Economic Times (Ledn CIO) [96] [97] [98]; Crypto news from TheCryptoBasic, 99Bitcoins, CoinPedia [99] [100] [101]; Macroeconomic context from Reuters and Bloomberg [102] [103]. All data is as of Nov. 3, 2025.
![WARNING: Bitcoin Is On The Verge Of A Major Collapse! [Time’s Up]](https://ts2.tech/wp-content/plugins/wp-youtube-lyte/lyteCache.php?origThumbUrl=https%3A%2F%2Fi.ytimg.com%2Fvi%2FiifnGTu9gs4%2F0.jpg)
References
1. thecryptobasic.com, 2. www.reuters.com, 3. thecryptobasic.com, 4. thecryptobasic.com, 5. thecryptobasic.com, 6. thecryptobasic.com, 7. thecryptobasic.com, 8. www.coindesk.com, 9. m.economictimes.com, 10. www.reuters.com, 11. economictimes.indiatimes.com, 12. www.coindesk.com, 13. thecryptobasic.com, 14. www.reuters.com, 15. www.reuters.com, 16. 99bitcoins.com, 17. www.investing.com, 18. thecryptobasic.com, 19. coinpedia.org, 20. thecryptobasic.com, 21. www.todayonchain.com, 22. thecryptobasic.com, 23. thecryptobasic.com, 24. thecryptobasic.com, 25. www.coindesk.com, 26. thecryptobasic.com, 27. thecryptobasic.com, 28. www.todayonchain.com, 29. 99bitcoins.com, 30. coinpedia.org, 31. coinpedia.org, 32. www.todayonchain.com, 33. www.todayonchain.com, 34. www.todayonchain.com, 35. www.todayonchain.com, 36. www.todayonchain.com, 37. www.todayonchain.com, 38. www.coindesk.com, 39. www.coindesk.com, 40. www.coindesk.com, 41. www.coindesk.com, 42. www.coindesk.com, 43. www.coindesk.com, 44. www.coindesk.com, 45. www.invesco.com, 46. thecryptobasic.com, 47. www.reuters.com, 48. 99bitcoins.com, 49. thecryptobasic.com, 50. thecryptobasic.com, 51. thecryptobasic.com, 52. coinpedia.org, 53. coinpedia.org, 54. coinpedia.org, 55. www.todayonchain.com, 56. 99bitcoins.com, 57. 99bitcoins.com, 58. 99bitcoins.com, 59. 99bitcoins.com, 60. www.coindesk.com, 61. coinpedia.org, 62. coinpedia.org, 63. www.reuters.com, 64. www.reuters.com, 65. www.coindesk.com, 66. www.coindesk.com, 67. m.economictimes.com, 68. tradingeconomics.com, 69. www.coindesk.com, 70. www.reuters.com, 71. www.coindesk.com, 72. www.coindesk.com, 73. www.coindesk.com, 74. www.coindesk.com, 75. www.coindesk.com, 76. www.coindesk.com, 77. 99bitcoins.com, 78. coindcx.com, 79. www.todayonchain.com, 80. x.com, 81. www.todayonchain.com, 82. www.todayonchain.com, 83. www.todayonchain.com, 84. economictimes.indiatimes.com, 85. economictimes.indiatimes.com, 86. economictimes.indiatimes.com, 87. economictimes.indiatimes.com, 88. economictimes.indiatimes.com, 89. economictimes.indiatimes.com, 90. cryptodnes.bg, 91. economictimes.indiatimes.com, 92. www.todayonchain.com, 93. thecryptobasic.com, 94. www.reuters.com, 95. www.todayonchain.com, 96. www.reuters.com, 97. www.todayonchain.com, 98. economictimes.indiatimes.com, 99. thecryptobasic.com, 100. 99bitcoins.com, 101. coinpedia.org, 102. www.coindesk.com, 103. www.reuters.com
