The post Bitcoin Price Crashes To $103,000 — Less Than $100k Soon? appeared on BitcoinEthereumNews.com.

Bitcoin Price extended its losses today, sliding more than 2.5% to around $102,852 as renewed U.S. dollar strength and investor outflows from crypto ETFs weighed heavily on the market.  The bitcoin price drop comes after Bitcoin’s worst October performance in nearly a decade, further denting sentiment among traders already reeling from a historic liquidation event last month. Bitcoin briefly traded below $103,000, its lowest level in over two weeks, breaking below the critical 200-day moving average — a key gauge of long-term market momentum, according to Bitcoin Magazine Pro data. Since then, Bitcoin has rebounded to above $104,000 at time of writing. According to market analyst Damian Chmiel, a sustained break below $100,000 could trigger a sharper sell-off toward the April lows near $74,000, implying a potential 30% downside from current levels. According to updated Polymarket data, there’s now an 80% chance of the Bitcoin price falling below $100,000 before 2026 Fed policy shift and macro headwinds The broader macro backdrop remains unfavorable for risk assets. Federal Reserve Chair Jerome Powell’s comments last week walked back expectations of a December rate cut, reinforcing the “higher for longer” interest rate narrative.  That shift has boosted the U.S. dollar while simultaneously pressuring non-yielding assets such as Bitcoin. Adding to the selling pressure, ETF investors have withdrawn more than $1.8 billion from Bitcoin and Ether products over the past four trading days, data shows, while open interest in BTC perpetual futures has fallen about 30% from its October peak, signaling a pullback in leveraged exposure. Bitcoin price technical breakdown Bitcoin’s $106,900 support level — aligned with the 0.146 Fibonacci retracement — was repeatedly tested last week but ultimately failed to inspire follow-through buying.  Analysts now view $104,000 as the next line of defense, though this level has already been tested twice and is…

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Filed under: News - @ November 4, 2025 5:33 pm