November 5, 2025 — snapshot and forward view
By Lou Wallace
As of November 5, 2025, Bitcoin is trading in the roughly $100k–$105k range after hitting new highs in October. Short-term technical indicators are mixed-to-bearish (recent pullback; momentum readings weakening) while many on-chain and institutional signals show continued structural demand (ETF inflows, coins moving to long-term storage). Derivatives markets are not signaling feverish leverage — funding rates are near neutral — which reduces the risk of an immediate violent squeeze but leaves room for extended volatility. Taken together, the most likely paths are (1) consolidation/pullback into a $88k–$106k band over 1 month, (2) range expansion with potential retest of recent highs or rotation into $110k–$135k in 3 months if demand persists, and (3) a broader trend continuation toward higher nominal levels in 6 months if macro liquidity and ETF flows remain supportive — but a material drawdown remains a realistic alternate scenario if risk assets rerate. I explain the data and the probabilities below and give concrete scenario ranges for 1, 3 and 6 months.
Current snapshot (price, immediate context)
- Price: Real-time market feeds show BTC around ~$102k (intra-day swings between roughly $99k–$105k). This is after an October run that produced new all-time highs earlier in the month. (Trading Economics)
- Recent headlines: October’s move to new record highs (mid $120k range intraday on some feeds) has been broadly attributed to strong ETF adoption and institutional flows; the market has since seen volatile mean reversion. (Investopedia)
