Bitcoin Falls to $103,000 as Analysts Forewarn of Market Shift

NEW YORK, NY — Bitcoin dropped nearly 1.6% to $103,559.17 on November 12, 2025, according to CoinMarketCap. Other major cryptocurrencies also fell, with Ethereum down 3.1% to $3,448.26 and XRP dropping 2.4% to $2.39.

Concerns among investors linger despite hopes that the longest government shutdown in U.S. history may soon end. BTC Markets analyst Rachael Lucas noted heavy selling by large investors, citing that about $45 billion has been offloaded since October.

“Resistance at US$110,800 is key, while support sits at the 50-week SMA near $103K,” Lucas said.

While global markets advanced due to expectations of a legislative solution to the shutdown, investor sentiment around cryptocurrency remained bearish. Retail sentiment on Stocktwits reflected a pessimistic outlook, with users anticipating further declines.

“The market is so conditioned with these 365-day bear cycles that the money just isn’t likely to flow into crypto until sometime in 2026,” one user remarked.

Analysts at Morgan Stanley recently discussed Bitcoin’s historical price patterns in a podcast. Denny Galindo, a strategist at the firm, warned that the cryptocurrency market has entered a “fall season,” a phase characterized by profit-taking and caution ahead of potential downturns.

“We are in the fall season right now. Fall is the time for harvest. So, it’s the time you want to take your gains,” Galindo stated. However, contrasting opinions exist, such as that of Arthur Hayes, chief investment officer at Maelstrom, who suggests that favorable monetary conditions may prevent a bear market.

As the market reacts to macroeconomic factors and technical indicators, investors remain cautious, looking ahead to potential changes in both the cryptocurrency landscape and broader economic conditions.