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Bitcoin's Current Stalemate: Is $100K the New Normal?

Bitcoin has been hovering around the $100K mark for several days without any signs of a rally. Traditionally, November is a favorable month for Bitcoin, with positive returns 66% of the time since 2013. However, this November has seen a decline of 6.72% due to various factors including high expectations and market greed.

The cryptocurrency reached a peak of $126K on October 6, leading to increased leverage among bullish traders.
We continue to see BTC rising to around USD 135,000 by end-Q3 and to USD 200,000 by end-Q4
projected Standard Chartered Bank at that time. However, everything changed on October 10 when Donald Trump criticized China and threatened tariffs, resulting in a massive liquidation event in the crypto market. Over $19 billion in margin was liquidated, causing Bitcoin's price to drop below $110K.

Following this, stock market turmoil related to an AI bubble and labor market concerns further pressured Bitcoin's price, pushing it below $100K for the first time since June 2025. Currently, Bitcoin is trading sideways, leading to debates among analysts about its future price movements.

Many analysts do not believe that $100K is the new normal. While predictions have been adjusted downward, there is still an expectation of a future rally.
As a result of this market performance and other factors, we are revising our bullish bitcoin target from $185,000 to $120,000
stated Alex Thorn from Galaxy.

JPMorgan has predicted a potential BTC price of up to $170,000 within the next six to twelve months, suggesting that the recent liquidation event was an anomaly and that Bitcoin will soon resume its upward trajectory.