Bitcoin News Update: Bitcoin Faces $103k Impasse as Bearish Signals Clash with Bullish Expectations

On November 8, 2025, Bitcoin dropped close to $103,000 as uncertainty grew regarding the Federal Reserve’s potential rate cut in December. Technical signals and investor sentiment were divided, with some pointing to a bearish consolidation and others maintaining a positive long-term outlook. The digital asset was last seen at $101,987, trading within a tight band of $99,376 to $103,956, signaling a period of sideways movement after retreating from its mid-October high near $126,272, according to

. Experts highlighted that the $98,900 support and $104,000 resistance would likely determine the short-term trend, with a move above resistance potentially reigniting the rally.

Bearish sentiment was supported by technical analysis, which showed a pattern of lower highs and lows on the daily chart, and all major moving averages trending downward, as reported by

. Both the MACD and awesome oscillator pointed to continued downward momentum, while an ADX reading of 25 indicated a lack of strong trend. On the other hand, oscillators such as the RSI at 37 and the stochastic at 19 reflected a neutral to slightly positive outlook, suggesting possible accumulation near the $100,000 mark, according to .

Despite the volatility, prominent industry leaders remained optimistic. ARK Invest CEO Cathie Wood reaffirmed her $1 million price projection for

, pointing to the maturing crypto ecosystem and a surge in stablecoin usage, which recently exceeded $300 billion in value, according to . She believes Bitcoin’s future growth depends on greater institutional participation and stable macroeconomic conditions, which she expects to improve by mid-December following updates from the Fed and new jobs data.

Eric Trump, son of Donald Trump, also expressed optimism, describing Bitcoin as a “world-class asset” and forecasting a potential rise to $1 million over time. He pointed to increasing interest from institutional players and major corporations, as well as the influence of Bitcoin ETFs and retirement funds in expanding access, according to

.

Market trends were also influenced by strategic decisions from crypto companies. Strategy, an investment firm focused on Bitcoin, increased its Stream Perpetual Preferred Stock (STRE) offering to €620 million ($715 million) to finance additional BTC acquisitions. CEO Michael Saylor said this would enhance liquidity for “general corporate purposes,” as detailed in

. The company now owns 641,205 BTC, representing 3.05% of the total circulating supply, and has continued to buy even as Bitcoin slipped below $100,000.

Meanwhile, overall market sentiment remained cautious. The recent U.S. government shutdown, which ended on November 11, intensified liquidity issues, causing Bitcoin to stabilize near $105,349 and

to settle at $3,564, according to . Analysts noted that resolving the shutdown could spark a short-term rebound, but risk appetite remained subdued due to ongoing uncertainty around Fed policy.

The outlook for Bitcoin remains divided. A decisive close above $104,000 on strong volume could trigger a renewed rally, while a drop below $98,900 might lead to further losses toward $95,000, as outlined in

. For now, the market is in a holding pattern, with traders monitoring Federal Reserve decisions and key technical levels for the next major move.