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  • 😱 Bitcoin Falls Below $100,000! Bull Run Over? |Released 5 Nov 25|

😱 Bitcoin Falls Below $100,000! Bull Run Over? |Released 5 Nov 25|

📉 Long Term Bitcoin Holders Offload 400,000 Bitcoins! Wall Street Veteran Stays Confident in Bitcoin!

Author

Jonathan Hamblin
November 05, 2025

 

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Welcome back to

BULL MARKET BYTES

Your byte of cryptocurrency insight where we witness Bitcoin break below $100,000 for the first time in 5 months . . .

Hopefully we wake up from this nightmare soon! 😅

Here is what we have for you today!

📊 BLOCKCHAIN BREAKDOWN
📌 BULL MARKET BULLETIN

BITCOIN TECHNICAL ANALYSIS

Even though November last year blessed the cryptocurrency community with +37.29%, we sit at -6.36% so far this November.

Quarter 4 is at -9.82%, which is even more daunting . . .

The question now is, when does this rocket take off or are we stuck waiting another cycle for the next bull run?

We will take a deeper look into this throughout today’s newsletter, but before we do, a word from today’s sponsor!

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Since Saturday’s newsletter, we have had a major development . . .

Bitcoin completed the bearish inverse cup and handle formation!

The first image below shows our projection of downward movement, and the second image shows the aftermath of Bitcoin’s price dump.

The formation above was as “textbook” as textbook gets!

We knew that a downward movement was set to happen (score 1 for us), but it does give hope to a bullish movement occurring next . . .

In the second image below, we notice two major things:

  1. Bitcoin broke $100,000 for the first time in 5 months

  2. Bitcoin bounced off of support at $100,000

It makes us question . . .

Is $100,000 the new “bottom” for Bitcoin’s price?

🧠 The psychology behind the market

In the past 24 hours, we are still experiencing a heavier presence of bearish traders compared to bullish traders

  • Short (bearish) traders = 51.32%

  • Long (bullish) traders = 48.68%

However, we are confident that this will switch to being bullish heavy if Bitcoin can hold the battleground that is $100,000!

Let’s take a look at our “What to Anticipate” section next to see - is there is still hope for this bull run or if we must wait until 2028-2029 . . .

 

WHAT TO ANTICIPATE

As stated in Saturday’s newsletter . . .

Bitcoin is repeating history as the current bearish formation is the same that dropped it from its all-time high price!

If the bearish inverse cup and handle formation is successful, there is only 1 major support level remaining before Bitcoin breaks below $100,000!

As we saw, Bitcoin sliced through the last major support level at $104,442.54 and a major test of support occurred at $100,000!

Now, to the “good-ish” news . . .

🌍 In a perfect world, what do we see? It is imperative that Bitcoin shows a “rubber-like” effect from the recent massive drop in price.

Being that in the past 48 hours, Bitcoin dropped from ~$110,000 to ~$100,000, Bitcoin must recover to at least $107,493.48 to regain “bullish” status.

If this does occur, Bitcoin surpassing $104,442.54 would eliminate a bear flag formation!

⚠️ Caution along the way! If Bitcoin does not surpass $104,442.54 and then pursue $107,493.48 in the next 48 hours . . . we are in TROUBLE!

This would cause 2 major things:

  1. Bear flag formation could drive Bitcoin below $100,000

  2. The end of the bull market probability will raise to 87.85%

If Bitcoin’s price can rebound, it may initiate a cup and handle formation which would bounce the price above key supports!

🧠 Our overall thoughts? This is the “moment of truth!”

We had this same key moment when Bitcoin was pushing above $100,000 and now again when it is on the edge of pushing below!

Again, Bitcoin must push above $104,442.54 (at least) in the next 48 hours to have any hope of a new all-time high in the upcoming months.

Every day, the dreams of Lamborghinis and Ferraris slowly slip out of reach . . . but there is still hope . . .

⏳ In the meantime! Keep an eye on Bitcoin’s price and which level it is at in 48 hours!

If it is below $104,442.54, Bitcoin continues the bear flag formation, and it is highly probable that we will be saying “hello” to Bitcoin below $100,000.

If it can rebound, our key is reclaiming $107,493.48 which would increase bullish probability to 62.12%.

Be safe out there and may the bull be with you!

BULL MARKET BULLETIN 📌

  • Long term Bitcoin holders have sold over 400,000 Bitcoins over the past 30 days, which has caused short-term holders to panic sell . . .

  • Wall Street veteran states that Bitcoin is only having an “IPO moment” and a massive move may be around the corner . . .