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Bitcoin
0.56%
Bitcoin
BTC
Price
$102,200.87
0.56% /24h
Volume in 24 hours
$29.17 billion
Price 7d
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consolidates between $100,000 and $103,000.
(Source: CoinMarketCap)
Currently trading at
The slowdown in digital gold has hurt the broader crypto market. Many businesses are wondering whether they should continue to hold their crypto or start selling.
Its price hit $103,000 on Saturday, but has since fallen 0.33% in the last 24 hours. Additionally, it is down over 7% on the weekly charts.
(Source: TradingView)
Analyzing the price action of BTC on the daily chart, a head and shoulders pattern has formed, signaling a move towards lower prices. The first spike appeared when BTC failed to hold above $110,000 and then climbed to $114,000 before sellers pushed it down.
On November 4, BTC fell 5% and broke a critical support line, confirming the downtrend.
Since buyers have not been able to resist the selling pressure, the carrying pressure may persist in the future. If BTC falls below its key support at $100,000, it could fall further to $94,000 or even $87,000, where buyers have already stepped in.
$BTC is still consolidating around the $102,000 level.
Markets were expecting the government lockdown to end this weekend, but that did not happen.
I still think Bitcoin could drop a bit, given that institutional demand is gone and OG whales are selling off. pic.twitter.com/zvSpxkLTVp
– Black Whale (@TheDarkWhale_) November 9, 2025
Nonetheless, near-term price recoveries are possible if buyers begin targeting lower levels, which could temporarily stabilize the market.
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Crypto News Today: Bulls and Bears Fight to Control the $100,000 Level
BTC’s $100,000 price level has become a major battleground between buyers and sellers, as this level has emotional significance and is currently being watched by industry hawks.
Since the start of 2025, BTC’s journey has been anything but smooth. It started the year with $100,000, fell to $75,000, then created its ATH at $126,000 in October.
(Source: Coingecko)
But hopes of a rally through October were short-lived as BTC declined significantly from its ATH, essentially returning to where it started.
For the future, forecasts vary considerably. Analyst Geoffrey Kendrick of Standard Chartered, for example, suggested that $100,000 could be BTC’s final decline.
Standard Chartered says Bitcoin may never drop below $100,000 again
Geoffrey Kendrick, head of digital assets at Standard Chartered, says that — if current macro and geopolitical trends continue — $BTC might never return to the $100,000 floor. pic.twitter.com/j551h8xpIj
—
Data Analyst
Data Analyst He believes that decentralized finance (DeFi) will eventually replace traditional banking. If this were to pass, the value of BTC could exceed $125,000.
Large institutions are taking advantage of the situation by grabbing BTC and ETH at low prices. Strategy, for example, plans to buy more BTC during this recession. It raised 620 million euros (about $717 million) in Europe.
Meanwhile, on-chain data shows test transactions from Coinbase Prime to Strategy’s wallet, hinting at large-scale inbound accumulation.
Meanwhile, veteran BTC holder Owen Gunden has been dumping his BTC stash since October. Recently, he transferred 3,549 BTC to an unknown address, including 600 BTC already deposited with Kraken.
Bitcoin OG Owen Gunden looks ready to give up all his 11K $BTC($1.12 billion).
8 hours ago he moved his remaining 3,549 $BTC($361.84 million) — with 600 $BTC($61.17 million) already deposited to #Kraken. pic.twitter.com/wMpQvS5O9y
– Lookonchain (@lookonchain) November 9, 2025
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By
The next 24-48 hours are crucial for BTC as it has consolidated between $100,000 and $103,000 over the past two days.
X analyst @arcbeacon shares his thoughts.
$BTC /USDT: Since yesterday, there have been no major changes on the chart. The next 24-48 hours could be crucial as the Elliott Wave Triangle we are seeing could end during this time.
It is important to emphasize that, regardless of the smaller microstructures, the… pic.twitter.com/RHoLRwaYL7
– ArcBeacon (@arcbeacon) November 9, 2025
Kazakhstan to launch $1 billion crypto fund from seized crypto
By
Kazakhstan plans to create a national crypto reserve fund worth between $500 million and $1 billion by early 2026.
The money will come from digital assets seized during criminal investigations and mining products. who were brought back from overseas. The idea is to take what has been recovered and turn it into a structured fund that feeds into the country’s broader financial strategy.
Read more here
BTC lost its shine, but it’s back: Alex Thorn
By
Alex Thorn, head of research at Galaxy Digital, said in an interview with CNBC that BTC was the hottest trade at the start of the year. However, since then, investors’ attention has shifted to other sectors like AI, gold, quantum technology and nuclear energy.
Thorn argued that this is healthy for BTC as ownership gradually shifts from long-term holders to new investors.
– Coinscreed (@coinscreed) November 9, 2025
JUSTIN: Galaxy Digital’s Alex Thorn says enthusiasm for Bitcoin will return soon. While still bullish in the long term, Galaxy lowered its year-end BTC price target from $185,000 to $120,000, approximately 17% above current levels.
Thorn believes, however, that attention will once again return to BTC, particularly because of its reputation as digital gold. At the same time, JPMorgan analysts noted how BTC’s risk profile is improving relative to gold.
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Wall Street doubles its rise on BTC amid a turbulent market
By
Even though BTC is down and currently facing negative pressure, it is still up 35% from last year.
Despite this recent volatility, JP Morgan reported a 64% increase in client investments through BlackRock’s BTC ETF, demonstrating growing institutional interest in digital gold.
JUST IN:
– Bitcoin Magazine (@BitcoinMagazine) November 7, 2025
JP Morgan reported holding 5,284,190 shares of JP Morgan CEO Jamie Dimon has softened his stance on crypto and aligned with customer demands. At the same time, BlackRock’s IBIT ETF has become the fastest growing ETF in history.
Analysts at JP Morgan are now predicting that BTC could hit $170,000, bringing its market value to $3.5 trillion.
The recent Whale sell-off is being absorbed by institutions, suggesting that prices may stabilize in the near future.
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The post Crypto News Today: BTC Consolidates as Traders Fight to Control the $100,000 Level appeared first on 99Bitcoins.
