Bitcoin Price Prediction: Galaxy Scales Back Forecast – But This Might Be the Most Bullish Signal in Disguise

Bitcoin is trading near $103,190, with daily gains of 1.4%, as markets digest Galaxy’s updated ￰0￱ institutional investment firm cut its 2025 Bitcoin target from $185,000 to $120,000, citing a transition toward what it calls the “maturity era.” This new phase, the firm says, will be defined by lower volatility, slower appreciation, and greater institutional involvement. Galaxy’s research note pointed to the $19 billion liquidation event on October 10, sparked by tariff tensions between the US and China, as a key driver behind the target ￰1￱ sudden deleveraging weakened liquidity and dented investor confidence, dragging Bitcoin briefly below $100,000 for the first time in six months.

Meanwhile, competing assets such as gold and AI-linked equities have diverted capital from Bitcoin, while the rise of stablecoins has further reshaped investor attention in the crypto ￰2￱ Absorption Shapes the New Cycle Galaxy analyst Alex Thorn wrote that Bitcoin’s next growth stage will rely more on institutional absorption than retail enthusiasm. i’m lowering my BTC bullish EOY target to $120k (prev $185k) just sent this note to clients whale distribution, non-BTC investments, treasury company malaise, and other factors contributed to BTC headwinds in 25 (long-term future still bullish, of course) ￰3￱ — Alex Thorn (@intangiblecoins) November 5, 2025 “Passive inflows and structured investment vehicles will define Bitcoin’s next chapter,” he ￰4￱ interest, which peaked during the 2021 bull run, remains muted despite brief revivals driven by meme coin ￰5￱ firm also noted a cooling effect on Bitcoin treasury companies, public firms that once tracked BTC’s price ￰6￱ price momentum slows, these companies will need to focus on operational growth rather than speculative valuation gains tied to Bitcoin ￰7￱ Market Insights: Bitcoin trading volume: $59 billion (24h) Market capitalization: $2.05 trillion Circulating supply: 19.94 million BTC Probability of $115K before $85K: 64%, according to Myriad predictions Technical Outlook: Bitcoin Holds Near $103K Support From a technical perspective, Bitcoin price is stabilizing around $103,300 following an 8% correction from October highs near $115,900.

The two-hour chart shows a descending channel, with resistance near $104,400 and support at $100,400. Bitcoin Price Chart –) is bringing a new phase to the Bitcoin ￰8￱ BTC remains the gold standard for security, Bitcoin Hyper adds what it always lacked: Solana-level ￰9￱ as the first Bitcoin-native Layer 2 powered by the Solana Virtual Machine (SVM), it merges Bitcoin’s stability with Solana’s high-performance ￰10￱ result: lightning-fast, low-cost smart contracts, decentralized apps, and even meme coin creation, all secured by ￰11￱ by Consult , the project emphasizes trust and scalability as adoption ￰12￱ momentum is already ￰13￱ presale has surpassed $25.9 million, with tokens priced at just $0.013225 before the next ￰14￱ Bitcoin activity climbs and demand for efficient BTC-based apps rises, Bitcoin Hyper stands out as the bridge uniting two of crypto’s biggest ￰15￱ Bitcoin built the foundation, Bitcoin Hyper could make it fast, flexible, and fun ￰16￱ Here to Participate in the Presale