For the first time since June 23, the BTC USD price fell below $100,000 mark, sinking to $98,900 before bouncing back. Examining Bitcoin prediction charts, this was inevitable, and the sell-off was a matter of when, not how.
The triggers for this collapse had been set in motion earlier this week. Politics aside, the turmoil in crypto and the apparent lack of interest from institutions, looking at massive redemption of spot Bitcoin ETFs, worsened the situation for optimistic bulls.
As of November 6, buyers are upbeat, thanks to the unexpected bounce yesterday. Still, cautious traders are waiting for more confirmations.
Over $21M of BTC longs have been liquidated in the past 24 hours. Surprisingly, nearly $40M of levered shorts were also liquidated, meaning the unconfirmed break below $100,000 trapped many sellers.
(Source: Coinglass)
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Bitcoin Prediction: Will BTC USD Price Push to $112,000?
Looking at the Bitcoin candlestick arrangement in the daily chart, the path of least resistance is still southwards.
The $100,000 support is crucial, and whether the Bitcoin price remains above this level will determine the pace at which the broader crypto market recovers.
Buyers must try to defend the local support at around $98,900 if there is any hope of bulls pushing on and unwinding the losses of November 3 and 4. The first level of resistance is at $112,000.
If there is a high volume close above this liquidation zone, digital gold may easily rise to $116,000 and reach all-time highs by the end of the year.
At press time, the BTC USD price heatmap shows a big cluster of sell limit orders at around $104,600.
On the other end, the Bitcoin price has a solid support at nearly three levels. There are clusters of buy orders at $102,550, $101,500, and $100,500.
(Source: Coinglass)
Should they hold, there is a high probability that the BTC USD price will fly above $104,600, soaring to $106,000 as buyers step in.
Amid this, MetaPlanet borrowed $100M using its huge Bitcoin stockpile as collateral to buy even more BTC.
JUST IN: Metaplanet Secures $100M Bitcoin-Backed Loan
Metaplanet Inc. announced it has executed a $100 million loan under its new credit facility, using its 30,823 BTC (≈ $3.5B) as collateral.
Key Details:
• Loan Amount: $100 million
• Collateral: Bitcoin held by the… pic.twitter.com/EVH5cexgM0— Hash minutes (@hashminutes) November 5, 2025
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Whales Scramble to Buy Bitcoin Hyper, Over $26M Raised
If BTC USD price soars and the coin breaks $112,000, tokens riding on the Bitcoin network will also tick higher.
At the moment, focus is on Bitcoin Hyper, a platform building a Bitcoin layer-2 leveraging the Solana Virtual Machine.
Developers are integrating the Solana Virtual Machine so that transactions on the layer-2 are cheap, all while being secured by the Bitcoin mainnet.
There is also a canonical bridge that links the layer-2 with the Bitcoin mainnet. The bridge is built using zero-knowledge proofs.
Over $26M has been raised in the ongoing presale that ends in roughly five hours.
Whales are scrambling to buy HYPER. In the last five hours, one address bought over $134,000 of HYPER, and another followed soon after, scooping up over $65,000 of HYPER.
Those who buy HYPER now can stake for a +45% APY.
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Bitcoin Prediction: Will BTC USD Price Break $112,000?
- Bitcoin prediction: BTC crypto fell below $100,000 before recovering
- Will BTC USD price break $112,000
- MetaPlanet borrows $100M to buy more BTC
- Bitcoin Hyper raises over $26M
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