Bitcoin prices rallied to above $103,000 today after falling below $100,000 on Tuesday, its lowest level since June, as extreme fear gripped the market.
The decline came amid strong selling pressure, ETF outflows, and a resurgence of macro uncertainty.
Earlier this week, investors withdrew nearly $1.8 billion from Bitcoin and other crypto ETFs, while crypto stocks such as Strategy and Coinbase also fell.
Adding to the pressure was Federal Reserve Chairman Jerome Powell’s suggestion that interest rates could remain high for an extended period of time, strengthening the U.S. dollar and weighing on non-yielding assets such as Bitcoin.
Despite the turmoil, some investors see opportunity. Michael Saylor’s company Strategy recently purchased 397 BTC at an average price of $114,771, demonstrating confidence in the long-term trajectory of Bitcoin’s price.
While sentiment remains cautious and dominated by “extreme fear,” Bitcoin has rebounded above $103,000, showing resilience.
October 10, 2025 The entire crypto market was shaken on October 10, when Bitcoin and its broader market witnessed a significant and sharp decline as President Trump announced sweeping 100% tariffs and export controls in response to China’s new restrictive measures on almost all products starting November 1, 2025.
The news triggered a sharp sell-off in cryptocurrencies, with Bitcoin dropping 12% at one point and other major cryptocurrencies dropping as much as 40%.
Since then, the price of Bitcoin and other cryptocurrencies has not been able to recover from that level. Bitcoin in particular has shown resilience against other altcoins, falling only 20-25% from early October levels.
Bitcoin price bull market may be closer than it looks
Bitcoin’s recent price slump may actually be a stepping stone to its next big rally. Although BTC has struggled to keep up with the record moves in gold and the S&P 500, market patterns suggest that the familiar rotation that has historically preceded Bitcoin’s big bull runs is unfolding.
Every time gold rises wildly, it eventually cools down and capital rotates into riskier assets like stocks and Bitcoin. This cycle has repeated itself over multiple eras: 2012, 2016, and 2020, and the setting remains eerily similar today.
Gold hit new highs recently but is starting to lose momentum, while stocks are rising. This change is usually a new sign of risk appetite, which is great for Bitcoin.
However, when compared to other assets rather than the dollar, Bitcoin still has room to play. A return to its previous relative highs versus stocks and gold would mean BTC prices closer to $150,000 to $160,000.
The post Bitcoin Price Rounces Above $103,000 After Dipping Under Six Digits — Is A Bull Market Next? Originally published in Bitcoin Magazine and written by Micah Zimmerman.
