- Bitcoin price has declined by nearly 10% in the last week and has already tested action below $100k. Can the latest rebound hold it up?
The price of Bitcoin is going down fast and even the most avid supporters are alarmed. In late October alone, liquidations reached almost $19 billion. As of this writing, BTC price is at $102,938, down nerly10% in the last week. But what is causing this bloodbath? And will it stay above the $100,000 psychological support?
Why Is Bitcoin Price Declining?
Bitcoin isn’t safe anymore; a recent Tangem analysis says it’s 70% correlated to stocks these days, making it a reluctant tag-along as opposed to a rebel. Add the Fed’s hawkish turn. Last week, Jerome Powell dropped rates by a quarter point, but he warned that there were “no guarantees for December.” That has pushed up yields and taken money out of high-risk investments. Meanwhile, institutional investors moved money out of ETFs and into bonds, causing ETF outflows to reach $799 million for the week ending October 31.
Renewed concerns that interest rates might stay higher for longer than anticipated are squeezing liquidity in the system. When liquidity contracts, traders and institutional investors tend to unwind risk-heavy positions, and that includes major assets like Bitcoin.
Can BTC Hold Above the $100k Support?
The $100,000 level is very important both psychologically and technically. Bitcoin has recently fallen below this level, which triggered a lot of concern and the biggest outflows from Bitcoin Exchange-Traded Funds (ETFs) in a long time. This is a turning point. The price needs to stay over $100,000 convincingly for a long-term bull market structure to stay in place. If this level doesn’t hold, it might really lead to a bigger correction.
If the price breaks below the 200-day EMA at $109,840, analysts at Finance Magnates say it could fall 30% to $74K-$77K, with volume at only 55% of typical screaming distribution. There is a low chance of complete bear mode because of institutional ballast, but $100K is the psychological guillotine.
Stock Market Fears
People used to say that Bitcoin was a “safe haven” or an asset that didn’t move with the stock market and would do well when equities fell. In the current high-liquidity, risk-on/risk-off situation, though, the opposite has proven true. Bitcoin and major stock indices, particularly the tech-heavy Nasdaq, have exhibited a high positive correlation.
So, for crypto holders, the bad news is that a drop in the stock market is not likely to help cryptos rebound. Instead, it’s more likely to pull them down even further. The main thing that is moving both markets right now is a drop in global liquidity and a broad move away from “risk assets” because of worries about the economy as a whole.
Bitcoin Price Prediction Today
The daily chart for Bitcoin shows a bearish trend, with the price falling below the 50-day EMA at $113,549 and the 200-day EMA at $109,840. A breach might go as low as $101,380 for the first support and potentially retest $100,000 if the correction lasts a long time.
Immediate resistance levels is at $104,155 pivot, with the second one at $105,703. The downside narrative will be invalid if BTC breaks above that level, and that momentum could go on and test $108,000. The momentum is fading: RSI (14) is at 36.71, close to being oversold, and there is a bearish divergence from the highs.
BTCUSD pair on a 4-hour chart on 5th November, 2025. Source: TradingView
Bitcoin price is under pressure from rising risk aversion in the market as investors take profit in equities amid concerns over overvaluation and higher-for-longer Fed interest rates.
The $100k mark is a key psychological support that creates a positive sentiment critical to strong institutional ETF inflows and encourages retail purchases.
Bitcoin price has increasingly become positively correlated to equities due to increased institutional investments and regulatory framework. Therefore, rising risk aversion in equities is also extending into BTC.
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