According to Bloomberg Intelligence\u2019s Mike McGlone, Bitcoin has entered a \u201cdo-or-die\u201d phase as traders watch a narrow price band for signs of direction. From an Oct. 6 level of $123,500, the coin tumbled almost 20% to a low of $99,900 on Nov. 4 before recovering to about $106,350. Reports show the move left Bitcoin roughly 14% below its earlier October peak.<\/p>\n
Based on trend lines and monthly charts, McGlone points to a rollover pattern after the months-long climb that culminated in an Oct. 6 high marked on some charts at $126,270. The immediate technical test is the 200-day moving average, which sits near $110,000.<\/p>\n
Bitcoin Do or Die: $110,000-$100,000 \u2014 Mike McGlone (@mikemcglone11) November 10, 2025<\/a><\/p>\n\n According to his view, Bitcoin<\/a> needs to push back above that level to make a clear case for renewed upside. If it can\u2019t, the risk is that sellers regain control and prices slip further below the current band between $100,000 and $110,000.<\/p>\n Reports have highlighted other warning signs. Long upper wicks have appeared on recent candles, a sign that buyers were checked near the top. The 12-month simple moving average has started to flatten after a steady climb, suggesting the buying drive is slowing.<\/p>\n\n Trader and analyst Micha\u00ebl van de Poppe has pointed to strong resistance in the $108,000\u2013$110,000 zone. According to him, breaking through that range could open the door back to the highs, and if that happens, altcoins may run harder than Bitcoin.<\/p>\n Institutional Moves And Market Mood<\/p>\n Institutional buyers remain active. Michael Saylor\u2019s firm purchased<\/a> 487 BTC worth close to $50 million today, bringing reported holdings to 641,692 BTC. At the same time, exchange-traded funds saw outflows totaling $1.22 billion last week.<\/p>\n Market sentiment has nudged up: CoinMarketCap\u2019s Fear and Greed Index rose to 29 from 24, and Bitcoin is up about 3.6% in the past 24 hours after lawmakers advanced a US government shutdown deal.<\/p>\n Traders are pricing event-contract probabilities that place a 28% chance Bitcoin reaches $130,000 or higher this year and a 9% chance it tops $150,000.<\/p>\n Short-Term Triggers Could Tip The Scale<\/p>\n Near-term catalysts are in play. US President Donald Trump\u2019s mention of a possible $2,000 tariff \u201cdividend\u201d<\/a> and progress toward ending the shutdown appear to have helped the recent bounce.<\/p>\n
\nBitcoin\u2019s rolling-over pattern on monthly charts might signal the opposite of gold\u2019s bull flag to August. The crypto has dropped below its 200-day moving average at $110,000 to Nov. 7 \u2014 a key hurdle to signal recovery.
\nFull report on the\u2026 pic.twitter.com\/n4MMZfhuL3<\/a><\/p>\nResistance And Momentum Signals<\/h2>\n