Bitcoin News Today: Bitcoin Eyes $110K: Miners Remain Upbeat Amid Economic Uncertainty

Bitcoin’s latest price swings have ignited a debate between bullish enthusiasm and wary skepticism, as the cryptocurrency experiences its first notable October drop in almost ten years, casting doubt on the strength of its ongoing rally. After ending October 2025 down by 3.6%—marking its first monthly decline since 2018—Bitcoin (BTC) is hovering around $110,000. Analysts remain divided on whether November will bring a recovery or deepen the current downturn, according to an

. The decline followed $19 billion in leveraged market liquidations and was intensified by global tensions, such as President Donald Trump’s 100% tariff on Chinese goods and the Federal Reserve’s postponed rate cuts during a government shutdown.

This sell-off has reduced Bitcoin’s market capitalization to $2.17 trillion, a sharp drop from its $126,300 high earlier this year. Still, some market participants remain optimistic: the Economic Times article pointed out that

has historically posted an average 42% gain in November, making it its strongest month. “November might be the comeback month for crypto,” one analyst commented, though the report cautioned that broader economic uncertainties remain a concern.

At the same time, miner behavior is providing some optimism. Bitcoin’s stabilization near $115,000 has helped steady miner reserves, reducing the need for forced sales due to operational expenses after the halving, according to a

. Enhanced hashprice figures and increasing on-chain transaction fees have improved miners’ profitability, which could pave the way for a move above $120,000—a threshold that might revive momentum toward $130,000, the analysis noted. “Healthier miner finances could support the next upward move,” analysts said, though a fall below $110,000 could lead to renewed selling pressure.

Recent technical signals also point to a possible rebound, as highlighted in a

. Bitcoin has reclaimed the 21-week exponential moving average (EMA) this week, climbing to $114,500 as short-term investors returned to profitability. Trader Rekt Capital emphasized the importance of the 21-week EMA as a key support, while others cautioned about bearish RSI divergences and weak trading volume, which could indicate a head-and-shoulders reversal. Holding above $109,000 is seen as crucial, and a potential US-China trade agreement could boost risk appetite.

Despite these conflicting signals, overall market sentiment remains cautious. Although ETF inflows have steadied, broader economic challenges—including Trump’s trade policies and the Fed’s lack of action—continue to weigh on riskier assets, as the Economic Times observed. For now, Bitcoin’s direction will depend on whether November’s “revenge” rally materializes or if negative fundamentals prolong the slump.