Bitcoin Price Crashes to $106,000 As Bulls Eye Strong November

Bitcoin mark has extended its losses, dipping to lows of $105,200 this day, following a dangerous open to November and ending a much seven-year “Uptober” lope.

After closing October with a 4% decline — the first unfavourable October since 2018 — Bitcoin mark faces elevated selling stress amid tighter financial conditions, cautious institutional flows, and macroeconomic headwinds.

The most modern correction follows an early-October flash smash that dragged Bitcoin down to $104,000, wiping out much of its Q3 momentum. Without reference to a partial recovery, BTC remains roughly 14% under its most modern height near $125,000.

At the time of writing, the Bitcoin mark is at $106,234.

Bitcoin mark prognosis

Technical charts show that Bitcoin as of late examined three make stronger lows sooner than sweeping liquidity under them.

On the daily timeframe, BTC held a key low inner a question space, which historically has been a much make stronger level. This zone beforehand trapped impatient sellers sooner than a bounce, suggesting that BTC also can but again win rapid make stronger here.

Zooming into the 15-minute chart, a shipshape question zone is forming the put Bitcoin also can react sooner than making its next directional transfer, presumably concentrating on liquidity above recent highs. Traders familiar with such setups existing that markets in general prepare for strikes that trip away panicking participants in the abet of.

On-chain data presents additional insight into Bitcoin’s recent put. The Quick-Term Holder (STH) Realized Label, which represents the moderate mark basis for most modern investors, sits round $113,000.

Traditionally, this level has acted as a dynamic make stronger zone, providing a basis for accumulation and future upward strikes.

Holding above this line signals that rapid participants are at breakeven or slight profit, bolstering market self perception.

The STH Market Label to Realized Label (MVRV) Ratio additionally highlights capability upside. Multiplying the recent STH Realized Label by historic MVRV thresholds projects resistance stages between $160,000 and $200,000, aligning with previous cycle patterns.

Long-Term Holder (LTH) MVRV metrics increase this outlook, suggesting diminishing returns however capability peaks round $163,000–$165,000.

Rolling MVRV frameworks, together with two-year and 100-day analyses, existing that BTC is mild in an accumulation-friendly fluctuate, shooting optimum facets for coming into the market sooner than the next bullish segment.

Bitcoin at $200,000 soon?

Earlier this day, Fundstrat’s Tom Lee remained bullish on Bitcoin, predicting it will also mild surge to $150,000–$200,000 by the slay of 2025 no matter most modern market turbulence.

He eminent that the mid-October liquidation match — the ideal in crypto historic previous, even bigger than FTX — occurred honest correct weeks ago.

Earlier this day, Approach announced they bolstered its aggressive Bitcoin accumulation manner, shopping 397 BTC for about $forty five.6 million at an moderate mark of $114,771 per BTC.

Basically basically based completely on a November 3, 2025 SEC Label 8-Okay submitting, Approach now holds a whole of 641,205 BTC, with an aggregate enjoy mark of $47.49 billion and an moderate mark of $74,057 per BTC, together with charges and charges.

This put up Bitcoin Label Crashes to $106,000 As Bulls Note Powerful November first looked on Bitcoin Magazine and is written by Micah Zimmerman.