Bitcoin Price Prediction: Can BTC Rebound After Tariff Shock?

Bitcoin price prediction has become the key question for investors after a volatile week rocked the crypto market. BTC briefly plunged below $106,000 on October 10 following a major U.S. tariff announcement, before rebounding toward $112,000 by Saturday evening in Asia.

The drop marked one of the steepest daily swings in months. Bitcoin had touched an all-time high near $125,000 earlier this month, but rising trade tensions triggered a sharp selloff across global markets and digital assets.

Key Levels and Market Outlook for Bitcoin Price Prediction

The sudden volatility came after the U.S. government announced a 100% tariff on Chinese imports starting November 1, a move that rattled financial markets and sparked fears of a renewed trade war. Stocks fell more than 2% in a single session, and cryptocurrencies followed suit as risk appetite collapsed.

Despite the pullback, analysts say Bitcoin’s long-term fundamentals remain strong. Spot Bitcoin ETFs continue to attract large inflows, with the biggest fund now holding close to 4% of total BTC supply. That institutional demand could help support prices even as macro conditions tighten.

For now, traders are closely watching key support around $100,000 to $106,000. A sustained move below that level could open the door to deeper losses, potentially toward $92,000 or even $80,000. On the upside, Bitcoin faces strong resistance around $115,000 to $120,000 — a range it must break to resume its uptrend.

Technical indicators also suggest potential for a rebound. Momentum gauges like the Relative Strength Index (RSI) have reset from overbought levels, and Bitcoin continues to find support near its 50-day moving average. If buying resumes, BTC could retest $120,000 and potentially aim for its previous high near $124,000.

Short-Term Risks and Long-Term Scenarios

In the near term, macro headlines will likely drive Bitcoin’s next move. Any escalation in trade tensions could pressure prices further, while positive developments — such as renewed ETF inflows or easing geopolitical risks — might spark a relief rally.

Some analysts warn that a deeper correction toward $60,000 remains possible if broader markets enter risk-off mode. Historically, such mid-cycle drawdowns have set the stage for larger rallies by flushing out excess leverage and redistributing supply to stronger holders.

Others argue the current pullback is a buying opportunity. With institutional adoption growing, blockchain fundamentals strong, and supply growth slowing post-halving, Bitcoin’s long-term trajectory remains bullish. If support holds above $100,000, a recovery toward $120,000 and beyond could follow in the coming weeks.

In short, Bitcoin’s price prediction depends on how the market digests upcoming macro risks. A stable floor above $100,000 could set the stage for renewed upside, while a decisive break lower may trigger a deeper reset before the next major rally.

FYI (keeping you in the loop)-

Q1: Will Bitcoin fall to $60,000?

It’s possible if macro conditions worsen and institutional demand weakens. However, most analysts see $100,000 as key support for now.

Q2: Is this dip a buying opportunity?

Many experts say yes. They believe Bitcoin’s fundamentals remain strong and that current volatility is a short-term reaction to trade news.

Q3: What triggered Bitcoin’s drop this week?

A 100% tariff on Chinese imports announced by the U.S. government caused a selloff across risk assets, including Bitcoin.

Q4: What are Bitcoin’s key support and resistance levels?

Support is around $100,000 to $106,000. Resistance stands near $115,000 to $120,000. Breaking above or below these zones could define the next trend.

Q5: What could drive Bitcoin higher again?

Strong ETF inflows, easing trade tensions, and continued institutional adoption could help BTC retest $120,000 and aim for new highs.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and involve significant risk. Always conduct your own research before investing.