Bitcoin News Update: Bitcoin Faces $103k Impasse as Bearish Signals Clash with Bullish Expectations
- Bitcoin fell near $103,000 on Nov. 8, 2025, amid Fed rate-cut uncertainty, trading in a $99,376–$103,956 range as technical indicators showed bearish consolidation. - Analysts highlighted key support at $98,900 and resistance at $104,000, with bullish sentiment driven by Cathie Wood’s $1M price target and Eric Trump’s “world-class asset” endorsement. - Strategy expanded its STRE offering to €620M to fund BTC purchases, holding 3.05% of circulating supply despite Bitcoin’s dip below $100,000. - Market cau
On November 8, 2025, Bitcoin dropped close to $103,000 as uncertainty grew regarding the Federal Reserve’s potential rate cut in December. Technical signals and investor sentiment were divided, with some pointing to a bearish consolidation and others maintaining a positive long-term outlook. The digital asset was last seen at $101,987, trading within a tight band of $99,376 to $103,956, signaling a period of sideways movement after retreating from its mid-October high near $126,272, according to
Bearish sentiment was supported by technical analysis, which showed a pattern of lower highs and lows on the daily chart, and all major moving averages trending downward, as reported by
Despite the volatility, prominent industry leaders remained optimistic. ARK Invest CEO Cathie Wood reaffirmed her $1 million price projection for
Eric Trump, son of Donald Trump, also expressed optimism, describing Bitcoin as a “world-class asset” and forecasting a potential rise to $1 million over time. He pointed to increasing interest from institutional players and major corporations, as well as the influence of Bitcoin ETFs and retirement funds in expanding access, according to
Market trends were also influenced by strategic decisions from crypto companies. Strategy, an investment firm focused on Bitcoin, increased its Stream Perpetual Preferred Stock (STRE) offering to €620 million ($715 million) to finance additional BTC acquisitions. CEO Michael Saylor said this would enhance liquidity for “general corporate purposes,” as detailed in
Meanwhile, overall market sentiment remained cautious. The recent U.S. government shutdown, which ended on November 11, intensified liquidity issues, causing Bitcoin to stabilize near $105,349 and
The outlook for Bitcoin remains divided. A decisive close above $104,000 on strong volume could trigger a renewed rally, while a drop below $98,900 might lead to further losses toward $95,000, as outlined in
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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