Bitcoin’s Roller Coaster: Will It Drop Below $100K Again?
Bitcoin (BTC) has taken the cryptocurrency market by storm yet again, climbing back above $100,000 on Thursday, November 6, 2025. Trading at $101,970 at the time of writing, the cryptocurrency is still recovering from its dramatic dip below $100,000 on November 5—marking its first slip below this psychological benchmark since June this year.
However, the flagship digital asset is still nearly 5% down this week, extending the bearish momentum from the nearly $1 trillion in crypto market losses earlier this month. Traders and investors are now wondering: could Bitcoin face another crash below $100K in the coming days?
The answer lies in several critical market indicators and trends.
A Closer Look at Market Trends
Bitcoin’s recent slide below $100K highlights the dramatic reversal from October’s bullish momentum—dubbed “Uptober”—when BTC hit an all-time high of $126,251 fueled by leveraged buying. But by November, this euphoria had been replaced by growing market anxiety, driven by significant bearish developments.
Notably, Galaxy Digital recently revised its year-end Bitcoin target from $185,000 to $120,000—a move that signals caution amidst increasing volatility. Meanwhile, Bitcoin’s struggle to reclaim pivotal exponential moving averages (EMAs), including the 20-day ($108,000), 50-day ($110,000), and 100-day ($112,000) EMAs, has discouraged bullish efforts. The 200-day EMA, sitting at $108,705, remains a formidable resistance level that BTC must overcome for sustained recovery.
Momentum indicators paint a similar picture. The relative strength index (RSI), currently at 37.85, suggests oversold market conditions but no clear bullish divergence. Meanwhile, the moving average convergence divergence (MACD) is firmly in negative territory, with a histogram of -660 reflecting consistent downward pressure.
Accordingly, analysts warn that a sustained close below $98,000 could trigger cascading liquidations, driving prices further down to as low as $92,000—levels last seen in the spring of this year.
Should You Buy the Dip?
Despite alarming short-term trends, some traders see the dip as an opportunity to increase their exposure to Bitcoin, often labeled the “digital gold.” For newcomers or seasoned crypto investors, platforms like eToro offer a seamless way to invest in Bitcoin while diversifying into other digital assets such as Ethereum and Solana.
Remember, investing in cryptocurrency carries high risks, and prices can be extremely volatile. Always ensure you’re investing money you can afford to lose and take advantage of research tools and insights available on trusted trading platforms.
Conclusion: Market Volatility Ahead
Bitcoin’s journey back to record highs will likely remain tumultuous, especially with resistance levels and bearish indicators blocking clear upward momentum. Traders should monitor key thresholds, such as the $98,000 support and the $108,000 resistance, while staying updated on macroeconomic trends that could impact the broader crypto market.
With volatility dominating the market, ensuring informed, calculated trading strategies is more crucial than ever. Bookmark this page to stay updated on Bitcoin’s performance in the days ahead.
