Bitcoin Bounces Ahead of Nvidia Earnings: Will BTC Reach $100K This Week?

Bitcoin (BTC) started the week on a stronger footing as crypto markets climbed alongside global tech stocks, with traders positioning ahead of Nvidia’s earnings and a wave of long-delayed US economic data set to hit later this week.

BTC Bounces to Around $95,550 From Under $93,300

The BTC/USD exchange rate rose 1.86% to approximately $95,550 on Monday as risk appetite returned after a choppy week, during which its price had fallen to as low as $92,929.

Markets now enter a data- and earnings-heavy stretch, with traders focusing squarely on Nvidia’s results due on Wednesday, a key moment for judging whether sky-high AI valuations can maintain their momentum.

Adding to the mix is the long-awaited restart of US economic data releases.

With government funding only recently restored after the longest shutdown in history, agencies are now racing to publish delayed reports, including September’s jobs data on Thursday, followed by October’s backlog of employment and inflation figures.

These reports are expected to provide much-needed clarity on the economy’s underlying momentum and how it may shape the Federal Reserve’s rate-cut path heading into 2026.

Bond traders favor odds of a rate cut pause in December, which has sent riskier assets, such as Bitcoin, lower in recent weeks.

Can Bitcoin Retest $100,000 This Week?

Bitcoin’s ongoing price decline has left behind its first daily “death cross” in over two years. And it may prompt a rebound move toward $100,000.

Death Crosses occur when an asset’s 50-period moving average drops below its 200-period moving average. Macro investors view this crossover as bearish. However, in the case of Bitcoin, this indicator typically proves to be a lagging setup.

For instance, in September 2023, a death cross formation came after a 17% drop and preceded a 30% rise over the following month. Similarly, the January 2022 death cross occurred after a 40% drop, but preceded a 15% rise.

Lest, these death crosses occurred during both bull and bear markets, indicating that rebounds were part of a broader bear market. Bitcoin’s latest death cross could lead to a short-term bounce, albeit without confirming a long-term upside or downside bias.

Bitcoin’s Fibonacci retracement lines indicate that the BTC price is bouncing from a support area near $94,750. Holding above this support increases the odds of BTC hitting $100,000—aligning with the 0.5 Fib line—by the end of this week or by the end of November.

The cryptocurrency’s relative strength index (RSI) near the oversold threshold of 30 further increases the bounce potential toward $100,000.

Conversely, failing to hold above the $94,750 mark risks increasing the decline risk toward the $0.236 Fib line, near $86,000, in November.