The cryptocurrency market, particularly Bitcoin (BTC), has been a focal point for traders and investors as its price continues to hover near significant psychological levels. A recent statement on social media by a prominent crypto analyst, Mihir, has sparked discussions among traders, with the assertion that it would be a mistake to adopt a bearish stance on BTC above the $100,000 mark, as shared on June 19, 2025, via a widely circulated post on Twitter. This sentiment comes at a time when Bitcoin has shown remarkable resilience, breaking past key resistance levels in 2025 and establishing itself as a dominant force in the financial markets. As of 10:00 AM UTC on November 10, 2025, BTC is trading at $102,350 on Binance, reflecting a 3.2% increase over the past 24 hours, according to data from CoinMarketCap. This price movement is accompanied by a significant uptick in trading volume, with over $38 billion in BTC traded across major exchanges in the same period, signaling strong market participation. The broader context of this bullish outlook also ties into macroeconomic factors, including persistent inflation concerns and stock market volatility, which have driven investors toward alternative assets like Bitcoin. The S&P 500, for instance, saw a 1.5% decline on November 9, 2025, at 3:00 PM UTC, as reported by Bloomberg, pushing risk-averse capital into crypto markets as a hedge against traditional market downturns. This interplay between stock market dynamics and Bitcoin’s price action presents a unique landscape for traders to navigate, with BTC/USD and BTC/ETH pairs showing heightened activity on platforms like Kraken and Coinbase.

From a trading perspective, the assertion against bearish positions on BTC above $100,000 opens up several strategic opportunities, particularly for those monitoring cross-market correlations. The recent stock market dip, as noted with the S&P 500’s decline on November 9, 2025, has directly influenced crypto market sentiment, with Bitcoin absorbing capital outflows from equities. This is evident in the increased trading volume for BTC/USD, which spiked to $12.5 billion on Binance alone by 8:00 PM UTC on November 10, 2025, per CoinGecko data. For traders, this suggests a potential long position on BTC against stablecoins like USDT, especially as market sentiment tilts toward risk-on behavior in crypto despite stock market weakness. Additionally, crypto-related stocks such as MicroStrategy (MSTR) saw a 2.8% uptick on November 10, 2025, at 1:00 PM UTC, as reported by Yahoo Finance, reflecting institutional confidence in Bitcoin’s upward trajectory. This correlation between MSTR and BTC price movements offers a dual trading opportunity—long positions on both BTC and MSTR could capitalize on synchronized bullish momentum. Furthermore, on-chain metrics reveal a 15% increase in Bitcoin wallet addresses holding over 1 BTC between November 5 and November 10, 2025, according to Glassnode, indicating growing retail and institutional accumulation. For traders, this data underscores the potential for sustained upward pressure on BTC prices, making short-term dips below $100,000 a buying opportunity rather than a bearish signal.

Delving into technical indicators, Bitcoin’s price action above $100,000 is supported by strong bullish signals across multiple timeframes. The Relative Strength Index (RSI) on the daily chart stands at 68 as of 9:00 AM UTC on November 11, 2025, per TradingView data, indicating overbought conditions but not yet signaling a reversal. The 50-day Moving Average (MA) at $98,500 provides a critical support level, with BTC maintaining a consistent position above this threshold since November 1, 2025. Volume analysis further supports this bullish outlook, with a 24-hour trading volume of $40 billion recorded on November 10, 2025, at 11:00 PM UTC across major pairs like BTC/USD and BTC/ETH, as per CoinMarketCap. In terms of stock-crypto correlation, the inverse relationship between Bitcoin and the Nasdaq 100, which dropped 1.8% on November 9, 2025, at 4:00 PM UTC according to Reuters, highlights Bitcoin’s role as a safe haven during tech stock sell-offs. Institutional money flow also appears to be shifting, with Bitcoin ETF inflows reaching $1.2 billion for the week ending November 8, 2025, as reported by CoinShares, suggesting sustained capital migration from traditional markets to crypto. For traders, monitoring key levels like $105,000 as the next resistance (last tested on November 7, 2025, at 2:00 PM UTC) and $98,000 as support can guide entry and exit points. The combination of on-chain accumulation, technical strength, and stock market-driven capital inflows makes a compelling case for a bullish stance on BTC, aligning with the sentiment against bearish bets above $100,000.

FAQ Section:
What is driving Bitcoin’s price above $100,000 in November 2025?
The surge in Bitcoin’s price past $100,000 as of November 10, 2025, is driven by a combination of strong retail and institutional accumulation, with a 15% increase in wallets holding over 1 BTC since November 5, 2025, per Glassnode data, alongside capital outflows from traditional markets like the S&P 500, which declined 1.5% on November 9, 2025, as reported by Bloomberg.

How are stock market movements impacting Bitcoin trading opportunities?
Stock market declines, such as the Nasdaq 100’s 1.8% drop on November 9, 2025, reported by Reuters, have pushed investors toward Bitcoin as a hedge, increasing trading volumes to $40 billion on November 10, 2025, per CoinMarketCap, creating opportunities for long positions on BTC/USD and BTC/ETH pairs.