Bitcoin News Today: Bitcoin's $100K Slide: Bearish Patterns Clash With Stealth QE Hopes

Bitcoin fell below $100,000 for the first time since June 2025, marking a significant shift in the cryptocurrency market after a seven-year streak of October gains. The decline, driven by profit-taking and broader economic uncertainties, saw the digital asset drop approximately 10% in October 2025, ending its historic Uptober streak. After hitting a record high of $126,300 early in the month, Bitcoin retreated to around $110,000 by month-end, with further dips pushing it toward critical support levels as a Zcash breakout drained liquidity. Analysts attribute the selloff to cautious sentiment amid Federal Reserve policy signals and global macroeconomic shifts, according to Coinpedia.

The price action has sparked debate over Bitcoin's technical outlook. A bearish Head and Shoulders pattern identified by crypto analyst Toby Dawson suggests the asset could test the $100,000 threshold, with potential downside extending to $90,000 or even $80,000. Meanwhile, institutional activity remains mixed. American Bitcoin Corp, for instance, increased its holdings by purchasing 397 BTC for $45.6 million in October, boosting its total reserves to 641,205 BTC valued at $69 billion. However, on-chain data reveals growing liquidation pressures, with dense clusters of stop-loss orders below $104,000, according to on-chain analysis.

Market dynamics are further complicated by cross-asset correlations. Zcash's recent breakout drained liquidity from Bitcoin, exacerbating its decline to a low of $105,000. At the same time, Federal Reserve interventions, including $50 billion in liquidity injections via the Standing Repo Facility, have raised speculation about a "Stealth QE" strategy that could reinvigorate the bull market. Arthur Hayes of BitMEX noted that such measures historically correlate with Bitcoin rallies, though current technical indicators show bearish momentum, with the RSI below 50 and MACD narrowing, as Bitget reported.

Despite the near-term volatility, long-term optimism persists. Poain Research highlighted that AI and blockchain innovations remain key drivers of digital asset growth in 2025, though these factors are more structural than immediate price catalysts. Meanwhile, Bitcoin's 2025 performance remains positive overall, up 16% year-to-date, Coinpedia reports, with some analysts viewing the correction as a healthy reset ahead of a potential November rebound.