Bitcoin Price Falls Toward $117,000: What Should Investors Expect Next?
The crypto market faced a shock this week as Bitcoin’s price dropped nearly 6% from its all-time highs, sliding toward $117,000. According to data from TradingView, the decline sparked liquidations worth almost $200 million, sparking widespread concern about Bitcoin’s next move.
Analysts at The Bull Theory suggest that this downturn is primarily linked to geopolitical developments, notably former U.S. President Donald Trump’s new tariff and export control announcements on Chinese goods — especially those tied to key industrial and strategic materials.
How Tariff Risks Are Shaking Bitcoin’s Momentum
These tariffs could have far-reaching consequences, from supply chain disruptions and rising inflation to slower global trade. As a result, investors are rotating away from riskier assets like crypto and seeking refuge in gold and cash.
In addition, short-term leveraged positions in both Bitcoin and altcoins are being unwound, accelerating the sell-off. The uncertainty premium around trade policies has also led markets to price in risk until clarity emerges.
Data from TradingView charts show that Bitcoin is now testing lower support levels similar to patterns observed during earlier tariff tensions in 2025 — situations that often preceded a recovery once the market stabilized.
Levels To Watch
Experts identify $116,000 as a crucial support zone, historically attracting strong buying interest. Should this level hold, Bitcoin could see a technical rebound in the coming days.
However, monetary policy updates from the U.S. Federal Reserve will be essential to watch. A dovish stance or hints of future rate cuts could fuel a strong upside move. On the other hand, reduced tariff concerns may restore market confidence faster than expected.
In the short term, volatility is likely to continue, but the medium-term outlook remains optimistic for long-term holders. Experienced traders may view this dip as a strategic accumulation opportunity, especially given Bitcoin’s strong performance in previous fourth quarters.
AI and Market Experts Predict Possible Upside
According to market strategist Timothy Peterson and AI-based forecasting models shared via TradingView, there’s still potential for a rebound. Earlier projections showed a 50% chance Bitcoin could end October above $140,000. After the recent correction, the revised model forecasts a month-end target near $130,000 — still an 11% potential gain from current prices.
Nevertheless, there remains an 18% chance of a negative close for “Uptober”, underscoring the unpredictable nature of the crypto market.
Stay Safe, Stay Smart, and Play Safe
The latest Bitcoin dip reminds us that volatility is the price of opportunity in crypto. Investors should remain calm, informed, and disciplined rather than reacting impulsively to short-term fluctuations.
- Always research before investing.
- Use trusted tools like TradingView for real-time insights.
- Diversify your portfolio to manage risk.
- Never invest more than you can afford to lose.
👉 Stay safe, stay informed, and play safe in every trade.