Bitcoin Price Rebounds – A Sign of Recovery or Just a Technical Bounce?

Bitcoin price today, November 6, 2025, rebounded to around $104,000 after recent losses, but investor sentiment remains cautious as fears of a tech bubble and weak global economic outlook weigh on the cryptocurrency market.

Bitcoin price today: mild recovery but still shaky

On November 6, 2025, Bitcoin, the world’s largest cryptocurrency, saw a modest recovery, rising about 1.7% to $103,744.2 as of 23:35 ET (04:35 GMT).
Although the price has climbed back above the $100,000 threshold after dipping earlier in the week, analysts say this rebound remains fragile and technically driven.

According to data from Investing.com and The Economic Times, Bitcoin has dropped more than 20% from its early-October peak, officially entering a bear market phase — typically defined as a 20% or more decline from a recent high.

The rebound was mainly fueled by short-term bargain buying after heavy sell-offs, but confidence remains limited as macroeconomic and monetary headwinds persist.

Why Bitcoin’s rebound remains weak

1. Investor sentiment still cautious

The crypto market just ended a disappointing October, with Bitcoin losing about 5%, snapping a seven-year streak of positive October performance — often dubbed “Uptober” by traders.
This unexpected reversal has made investors more cautious and less willing to buy aggressively into rallies.

According to Business Insider, the current price uptick appears largely technical — a short-term “relief bounce” after steep declines — rather than the start of a sustainable bull run. Many traders are taking advantage of this move to close short positions or exit, instead of opening new longs.

Derivatives market data shows over $1.3 billion in positions were liquidated as Bitcoin fell below $104,000, signaling ongoing market volatility and lack of strong conviction among participants.

2. Monetary policy pressure and economic outlook

One of the key reasons behind Bitcoin’s sluggish performance is the cooling of rate-cut expectations from the U.S. Federal Reserve.
While investors had hoped for rate cuts to support growth, recent inflation data suggests the Fed may keep interest rates higher for longer, which continues to suppress risk appetite.

Higher yields have drawn capital back into safer assets such as the U.S. dollar and government bonds, draining liquidity from speculative markets like cryptocurrencies.

As Business Insider notes:

“As long as interest rates remain elevated, yield-bearing assets become more attractive, and Bitcoin — which offers no yield — tends to lose investor interest.”

3. Fears of a tech bubble spill over into crypto

Broader market concerns about overvaluation in tech and AI stocks have also weighed on Bitcoin.
Børge Brende, President of the World Economic Forum (WEF), warned this week about potential asset bubbles in cryptocurrencies, artificial intelligence, and government debt during remarks in Brazil.

His comments came amid a sharp sell-off in global tech shares, as investors reassessed valuations across high-growth sectors.
According to The Guardian, the tech correction has spilled over into digital assets, with crypto markets mirroring risk-off moves seen in equities.

This growing fear of a tech and AI bubble has made institutional investors more risk-averse, further dampening enthusiasm for cryptocurrencies.

Technical analysis: Bitcoin still in the danger zone

Technical analysts say Bitcoin faces strong resistance between $107,000 and $108,000, a key level that previously acted as major support before being broken during recent declines.

Unless Bitcoin can reclaim this zone, the short-term trend remains bearish.
On the downside, $100,000 serves as a critical psychological support — a break below this could trigger further losses toward $93,000–$95,000.

On-chain data also reveals that about 28% of total Bitcoin supply is currently “underwater,” meaning those coins were purchased at higher prices than today. This indicates that many long-term holders are sitting on unrealized losses, which can increase selling pressure if prices continue to slide.

Expert perspectives: What analysts are saying

Analysts from Decrypt and E27 argue that Bitcoin’s recovery will require fresh institutional inflows to confirm a sustainable uptrend.
So far, trading volumes remain muted, showing limited market participation from large investors.

Kiana Danial, author of Cryptocurrency Investing for Dummies, explained:

“The market is extremely sensitive right now. Bitcoin could bounce back if we see supportive macro data or dovish signals from the Fed. But if high rates persist and growth slows, capital will stay defensive.”

Some optimistic investors, however, view the current phase as a healthy consolidation — a necessary pause before the next major rally, potentially in late 2026, as the effects of the Bitcoin halving event take hold.

Crypto market overview: waiting for a new catalyst

Beyond Bitcoin, the broader cryptocurrency market remains subdued.
Ethereum is trading near $5,350, down slightly from earlier in the week, while major altcoins such as Solana, Cardano, and XRP have fallen between 3% and 5% over the past 24 hours.

Analysts from Fastbull and CoinDesk say the market is lacking a new catalyst — such as strong ETF inflows, institutional demand, or supportive central bank actions — that could spark a sustained rally.

Until then, most cryptocurrencies are expected to trade sideways or face further corrections if macroeconomic conditions deteriorate.

Short-term outlook: technical bounce, not a full reversal

In the near term, Bitcoin is expected to fluctuate between $100,000 and $107,000, with the overall trend leaning sideways to slightly bearish.
Without clear signs of monetary easing or risk appetite returning, a strong breakout seems unlikely.

However, longer-term fundamentals still offer reasons for cautious optimism:

Bitcoin’s fixed supply continues to underpin its scarcity-driven value.

ETF accumulation and institutional adoption are steadily growing.

Blockchain technology remains integral to global fintech innovation, supporting Bitcoin’s long-term relevance.

Conclusion

While Bitcoin’s rebound to around $104,000 on November 6, 2025, has brought some relief after a turbulent week, the market remains fragile and uncertain.
Investor sentiment is still weak, macroeconomic conditions are unfavorable, and concerns about a broader tech bubble continue to weigh heavily on risk assets.

For now, Bitcoin’s recovery appears to be a technical correction rather than a structural turnaround. Investors should closely monitor the Federal Reserve’s next moves, U.S. inflation data, and dollar trends, as these will likely determine whether Bitcoin can stabilize — or fall further.

FQAs

1. Why is Bitcoin’s rebound considered weak?
Because the rally is mainly driven by short-term technical buying and short covering, not by new institutional inflows or strong fundamental momentum.

2. How do Federal Reserve rate decisions affect Bitcoin?
Higher interest rates make risk assets less attractive, leading investors to shift toward safer, yield-bearing assets like bonds or the U.S. dollar.

3. What price levels should traders watch now?
The $100,000 zone is key support. A drop below could send Bitcoin toward $93,000–$95,000, while resistance remains near $107,000–$108,000.

4. Is now a good time to buy Bitcoin?
The market remains volatile. Investors should wait for confirmation of a stable trend and watch for stronger institutional demand before taking new long positions.