Is Bitcoin on the Verge of $100,000 — the Beginning of a Turning Point?

Updated

November 10, 2025

Gambar Is Bitcoin on the Verge of $100,000 — the Beginning of a Turning Point?

Jakarta, Pintu News – Bitcoin is currently on the verge of $100,000, a milestone that should be a significant achievement, but instead is a pressure point. Bitcoin (BTC)’s price stability around $100,000 and a decrease in market volatility have raised fears of a major move that could change the direction of the cryptocurrency market. Read the full analysis in this article!

Harmful Market Tranquility

According to analyst Mike McGlone, the market is currently showing signs of dangerous “extreme complacency”. Volatility indices such as the Cboe Volatility Index and the volatility realized by the S&P 500 are at rock bottom, indicating a lack of concern in the market. However, this state of affairs rarely lasts long and is often followed by significant market movements.

McGlone warns that this calm could be a precursor to a sharp correction or price spike. With Bitcoin (BTC) hovering near $102,405, any change in market conditions could trigger a huge response from investors. This puts Bitcoin (BTC) in a critical zone that could lead to a significant price drop or rise.

Read also: What’s the Future of CBDC?

Bitcoin Critical Zone

mike mcglone — Source: Mike McGlone’s X Account

Bitcoin (BTC) is currently in what McGlone calls a “live or die” zone. If Bitcoin (BTC) manages to hold its price and go higher, it could be the start of the next up cycle. However, if it fails, the price could return to the long-term average of around $56,000.

This situation is not a first for Bitcoin (BTC). In previous bull cycles, Bitcoin (BTC) has often experienced a phase where the hype dies down and the price returns to the mean. This is a normal but important correction phase for the future of Bitcoin (BTC) price.

Wall Street Ties Are Still Strong

The relationship between Bitcoin (BTC) and the S&P 500 is still strong, with a correlation above 0.53. This shows that Bitcoin (BTC) still moves like a tech asset and has yet to fully function as a store of value or digital gold. If the stock market experiences volatility, Bitcoin (BTC) will likely be affected by the same pressures.

This linkage challenges the idea that Bitcoin (BTC) has decoupled itself from traditional finance. If Wall Street falters, it is likely that Bitcoin (BTC) will also feel the impact, showing that the link between the crypto market and the stock market is still very close.

Conclusion

Bitcoin’s (BTC) defense of the $100,000 level is no longer showing strength. According to McGlone, this is a moment of truth. The next step will determine whether $100,000 is the start of something bigger or a turning point towards a deeper correction. The market will be paying close attention to Bitcoin (BTC)’s movements in the days ahead.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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