Bitcoin Price Rebounds Above $103,000 After Dipping Below Six Figures — Bull Run Next?
Bitcoin's price rebounded above $103,000 after dipping below $100,000, amid market turbulence caused by ETF outflows, macroeconomic uncertainty, and Federal Reserve rate signals. Recent sharp sell-offs were triggered by President Trump announcing 100% tariffs on China starting November 2025. Michael Saylor's firm signaled bullish long-term sentiment by purchasing additional BTC. Analysts suggest this slump might precede a bull run as historical market patterns and capital rotations favor Bitcoin. If Bitcoin regains relative highs versus gold and equities, prices could reach $150,000 to $160,000.
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Bitcoin Price Rebounds After Sharp Drop
Bitcoin price has bounced back to over $103,000 today after plunging below $100,000 on Tuesday — its lowest level since June — as extreme fear gripped the market. The drop came amid heavy selling pressure, ETF outflows, and renewed macro uncertainty.
Market Pressures on Bitcoin
Earlier this week, investors pulled nearly $1.8 billion from Bitcoin and other crypto ETFs, while crypto-linked stocks like Strategy and Coinbase also declined. Adding to the pressure, Federal Reserve Chair Jerome Powell signaled that interest rates could stay higher for longer, strengthening the U.S. dollar and weighing on non-yielding assets like Bitcoin.
Michael Saylor's Optimistic Bet
Despite the turmoil, some investors are seeing opportunity. Michael Saylor’s firm, Strategy, recently bought 397 BTC at an average of $114,771, signaling confidence in Bitcoin price’s long-term trajectory. While sentiment remains cautious and extreme fear dominates, Bitcoin’s rebound above $103,000 shows resilience.
Impact of Geopolitical Events
The entire crypto market was rattled on October 10, when Bitcoin and the broader market witnessed a drastic and sharp sell-off. This was triggered as President Trump announced sweeping 100% tariffs and export controls in response to China’s new restrictions on nearly all products starting November 1, 2025. The news caused Bitcoin to briefly drop 12%, while other major cryptocurrencies fell as much as 40%.
Bitcoin's Resilience Relative to Altcoins
Since then, Bitcoin price and other cryptocurrencies have failed to fully recover from those levels. However, Bitcoin has shown resilience compared to other altcoins, dropping only 20-25% from early October levels.
Potential for a New Bitcoin Bull Run
Bitcoin’s recent price slump might actually be the setup for its next big rally. While BTC has struggled to keep pace with record-breaking moves in Gold and the S&P 500, market patterns suggest a familiar rotation is unfolding — one that has historically preceded major Bitcoin bull runs. Each time Gold rallies hard, it eventually cools, and capital rotates into riskier assets like equities and Bitcoin. This cycle repeated in 2012, 2016, and 2020, and the current setup looks eerily similar.
Bitcoin’s Potential Price Levels
When measured against other assets rather than the dollar, Bitcoin still has room to run. A return to its prior relative highs versus equities or Gold would imply BTC prices near $150,000 – $160,000. This highlights a potential upside trajectory for Bitcoin as it looks poised for the next bull run.