Bitcoin copies 2023 Regional Bank Route with $105,000 BTC price Dive

Important points

• Bitcoin drops to its lowest level since June, as US banking chaos returns.

• Investors believe that $100,000 may not be enough to support the market.

• Peter Schiff believes that gold will surpass bitcoin to $1 million.

BitcoinBTCBTC fell to a 15-week low on Friday, as an increase in US bank routs added pressure to BTC pricing.

Bitcoin risks “going straight to $98,000” The Next Generation of adversity

The Data of Cointelegraph Markets Pro You can also find out more about the following: TradingView Bitcoin fell below $106,000 for first time since July.

The crypto markets have reacted negatively to the concerns about regional US banking stocks which started falling. similar to March 2023. Bitcoin/USD then dropped under $20,000, before seeing a sharp rebound.

“In March 2023, regional bank stocks collapsed, the crisis was ‘contained,’ but nothing really changed,” The Kobeissi Letter, written in An X post.

Some traders warned that a price test and a possible failure at the $100,000 key support for BTC could occur.

The following is a list of the most effective ways to improve your chances. $BTC If we lose your support, our next step will be $98,000.

Good Luck everyone. pic.twitter.com/sIjbPPAoOM

— Borg (@Borg_Cryptos) October 17, 2025

Some people have seen an attempt. “fill” A daily candle wick for the week before. took price to $102,000 Concerns over a US-China Trade War have led to Binance’s launch.

“$BTC working on the Binance wick. If it doesn’t end here, it could fill the whole wick near the weekly 50 MA,” SuperBro wrote Use X to find out more.

Moving averages on the daily timescales failed to hold Bitcoin reached the 200-day MA after six months for the very first time.

“$BTC has lost the $108,000 support level. Now there’s little to no support until $101,000-$102,000,” Ted Pillows is a crypto investor, entrepreneur and businessman. agreed.

“If Bitcoin manages to reclaim the $110,000 level from here, we could see a bounce back. Otherwise, expect more pain before relief.”

Gold bug Schiff expects to see $1,000,000 before Bitcoin

As the banking crisis began to affect the gold market, it also saw an increase in its daily closing price. 

Related: $120K or end of bull market? 5 things to know in Bitcoin this week

Proponents of gold celebrated Bitcoin’s divergence. Peter Schiff, a Bitcoin skeptic and the chairman and chief economic advisor at the investment advisory company Europac predicted the precious metal will reach $1 million an ounce prior to Bitcoin.

Bitcoin will likely not reach $1,000,000, but gold is much more likely.

— Peter Schiff (@PeterSchiff) October 16, 2025

“It’s not just a de-dollarization trade but a de-bitcoinization trade. Bitcoin has failed the test as a viable alternative to the U.S. dollar or digital gold,” He argued during recent X exchanges.

Some people suggested that. “rotation” It is now more probable to convert BTC into BTC.

“Either way, makes sense to see profits flow out of Gold soon with the way the market behaves,” Jelle, crypto trader said On X.

The chart below shows the phases in which Bitcoin has led and “catching up” Gold over the Years

This article contains no investment recommendations or advice. Risk is inherent in every investment decision and trade. The reader should always do research prior to making a final decision.