Bitcoin Slips Below $108,000 Amid Persistent Cautious Sentiment

BTC Cryptocurrency

November 3, 2025

Bitcoin (BTC) dipped beneath $108,000 early Monday during Asian trading hours, extending a trend of subdued market sentiment observed since late October. This downturn marks a shift from October’s upward trajectory as investors weigh macroeconomic headwinds, including the Federal Reserve’s measured policy approach and a surging U.S. dollar.

Following a mid-October peak near $126,000, BTC faced significant selling pressure, plummeting nearly 20% to approximately $104,000 before trading sideways between $105,000 and $110,000. The latest slip below $108,000 reflects ongoing consolidation, with limited volatility yet persistent selling activity.

Analysts identify crucial resistance between $110,700 and $111,500, while support holds near $104,000-$106,000. A decisive climb above resistance could reignite bullish momentum, whereas a breakdown below support may expose lower demand levels near $88,000.

Broader digital asset markets mirrored this weakness, with Ethereum, Solana, and Dogecoin sliding 4%-6% collectively. The global cryptocurrency market cap retreated 3.3% to $3.6 trillion.

Despite near-term turbulence, long-term indicators remain constructive. On-chain metrics reveal sustained network activity and rising realized value, underscoring Bitcoin’s underlying resilience despite recent profit-taking and ETF withdrawals.

Market participants are urged to maintain disciplined risk management amid evolving regulatory landscapes, macroeconomic shifts, and fluctuating sentiment.

In brief, Bitcoin’s retreat below $108,000 signals prudence among traders, halting October’s extended rally. While near-term uncertainty persists, foundational strength hints at potential recovery later this year, contingent on macroeconomic stability and capital inflows.