Bitcoin Surges Past $103K After Recent Dip — Is a Bull Run Near?

Bitcoin Magazine

Bitcoin Surges Past $103K After Recent Dip — Is a Bull Run Near?

Today, Bitcoin's price has rebounded to over $103,000, recovering from a recent drop that saw it dip below the $100,000 mark on Tuesday, marking the lowest point since June amidst a climate of extreme market fear.

This decline was fueled by significant selling pressure, outflows from exchange-traded funds (ETFs), and renewed uncertainties in the macroeconomic landscape.

Earlier this week, investors withdrew nearly $1.8 billion from Bitcoin and other cryptocurrency ETFs, contributing to the decline in crypto-related stocks, including those of Strategy and Coinbase, which saw a downturn.

Further exacerbating the situation, Federal Reserve Chair Jerome Powell indicated that interest rates might remain elevated for an extended period, bolstering the strength of the U.S. dollar and putting additional pressure on non-yielding assets like Bitcoin.

Despite the market turbulence, certain investors are viewing this moment as a potential opportunity. Notably, Michael Saylor’s firm, Strategy, recently purchased 397 BTC at an average price of $114,771, demonstrating their confidence in Bitcoin's long-term potential.

Although market sentiment remains cautious, with “extreme fear” pervading, Bitcoin’s recovery above the $103,000 mark suggests a degree of resilience.

The crypto market experienced a significant shock on October 10, when Bitcoin and its counterparts faced a sharp sell-off following President Trump's announcement of sweeping 100% tariffs and export controls in response to new restrictions imposed by China on nearly all products, effective November 1, 2025.

This announcement triggered a swift crypto sell-off, with Bitcoin dropping as much as 12%, while other major cryptocurrencies plummeted by up to 40%.

Since that tumultuous period, Bitcoin and other cryptocurrencies have struggled to regain their previous levels. However, Bitcoin has shown a relative degree of resilience compared to altcoins, experiencing only a 20-25% drop from its early October highs.

Is a Bitcoin Bull Run on the Horizon?

The recent downturn in Bitcoin's price might actually set the stage for an impending rally. While BTC has faced challenges in keeping up with record-breaking trends in Gold and the S&P 500, market indicators suggest that a familiar rotation is beginning to unfold — one that has historically heralded significant Bitcoin bull runs.

Historically, when Gold experiences a robust rally, it eventually cools, leading to a rotation of capital into riskier assets such as equities and Bitcoin. This cyclical pattern has been observed across various market phases — specifically in 2012, 2016, and 2020 — and the current setup appears strikingly similar.

Gold has recently reached new highs but is starting to show signs of weakening, while stocks continue to climb. This transition often indicates a renewed appetite for risk, creating an ideal environment for Bitcoin.

Moreover, when Bitcoin is assessed against other assets rather than just the dollar, there appears to be significant upside potential. Should Bitcoin return to its previous relative highs in comparison to equities or Gold, it could see its prices soar to between $150,000 and $160,000.