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Crypto writer
Arslan Butt
Crypto writer
Arslan Butt
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Bitcoin’s outlook brightened this week as BlackRock announced its first Australian Bitcoin ETF, expanding global institutional access. At the same time, Chinese AI bots outperformed ChatGPT in crypto trading, reinforcing confidence in AI-driven strategies.
Meanwhile, BitMine’s $294 million Ethereum purchase and Tom Lee’s $200K BTC forecast bolstered sentiment, even as BTC hovered near $101,000 amid short-term bearish technical signals.
BlackRock Expands Bitcoin Reach with Australian ETF Launch
The world’s largest asset manager, BlackRock, will introduce the iShares Bitcoin ETF (IBIT) on the Australian Securities Exchange (ASX) in mid-November 2025 as part of its global BTC strategy. Australian investors will be able to obtain regulated custody of Bitcoin through ETFs without personally owning the cryptocurrency.
One of the most popular ETF launches from 2024, the US-listed iShares Bitcoin Trust is wrapped by IBIT with a modest management fee of 0.39%.
The decision shows the growing institutional interest in the Asia-Pacific region and places Australia among the main markets that now host Bitcoin ETFs, alongside the United States, Germany and Switzerland.
Australia’s new crypto laws, which promote investor protection and transparency, also boost market confidence.
Expanding access to ETFs increases worldwide demand and institutional inflows, making this a favorable launch for BTC. To support the rebound of Bitcoin’s price from its recent decline to $102,250, analysts anticipate new buying pressure.
China’s Budget AI Bots Beat ChatGPT in Crypto Trading
In a worldwide encryption business competitiontwo low-cost Chinese AI models, QWEN3 MAX and DeepSeek beat OpenAI’s ChatGPT showing China’s growing edge in AI-driven finance. Each bot in the event hosted by the Alpha Arena received $10,000 for trading on the Hyperliquid market on their own.
While all other models including ChatGPT concluded with losses ChatGPT loses 57% of its capital QWEN3 stands out with a profit of 7.5% ($751).
QWEN3 continued to hold long leveraged bets on Dogecoin, Ether, and Bitcoin, showing optimistic confidence in the main cryptocurrency assets. Confidence in the potential of AI to improve market forecasts has been reinforced by its winning strategy.
Due to QWEN3’s long BTC attitude, which showed a strong belief in a price recovery, this success increased the confidence of investors in BTC. As AI-powered trading tools become more widely used, traders see opportunities for smarter, data-driven Bitcoin tactics, which will boost market sentiment for the cryptocurrency.
BitMine Buys $294M in Ethereum as Tom Lee Predicts Major Bitcoin Rally
BitMine Immersion Technologies (BMNR) increased its ETH stake to 3.39 million ETH or about 2.8% of the total supply, adding $294 million to its treasury. Under the direction of President Tom Lee, the company now has more than $12.5 billion in Ethereum, making it the second largest cryptocurrency treasure after $69 billion in BTC Strategy.
Lee is still very hopeful, even though ETH has fallen 6.9% to $3,617 and BMNR stock has fallen 25% in just one month. Strong fundamentals, such as the increase in stablecoin volume and revenues recorded on the chain, point to imminent growth, he told CNBC.
Lee sees the recent $19 billion liquidation as “a market reset” and predicts that Bitcoin could reach $150K-$200K and Ethereum could reach $7K by the end of the year. Market sentiment improved due to BitMine’s aggressive ETH buying and Lee’s optimistic outlook, which reinforced belief in Ethereum and Bitcoin’s ability to rebound.
Bitcoin Technical Forecast: $97K in Focus as Bears Dominate
Bitcoin price forecast is bearish as BTC trades near $101,300, extending losses after a decisive break from a symmetrical triangle that has been driving price action since mid-September.
The failed recovery from $106,300 confirms resistance, while both the 50-EMA and 200-EMA slope downward, signaling continued bearish control.
A pattern of three black crows highlights a strong selling momentum, and the RSI near 28, although it is oversold, does not show a bullish divergence, which implies that weakness persists.
The key support is $100,400, with the next downside target at $97,600, where historical buying interest could emerge. A daily close below $100K would confirm a deeper correction, while a recovery above $103,500 could spark a short-term bounce towards $106K-$108K.
For now, the path of least resistance remains lower, but this extended selloff may mark a late-stage shakeout, potentially paving the way for Bitcoin’s next major rally as the long-term rally quietly unfolds.
Bitcoin Hyper: The Next Evolution of BTC on Solana?
Bitcoin Hyper ($ HYPER) brings a new phase to the Bitcoin ecosystem. While BTC remains the gold standard for security, Bitcoin Hyper adds what was always missing: Solana-level speed.
Built as Bitcoin’s first native Layer 2 powered by the Solana Virtual Machine (SVM), it combines Bitcoin’s stability with Solana’s high-performance framework. The result: lightning-fast, low-cost smart contracts, decentralized apps, and even meme coin creation, all secured by Bitcoin.
Audited by Consultthe project emphasizes reliability and scalability as adoption develops. And the momentum is already strong. The presale exceeded $25.7 million, with tokens priced at just $0.013215 before the next increase.
As Bitcoin activity grows and the demand for efficient BTC-based applications increases, Bitcoin Hyper stands out as the bridge that connects two of the largest crypto ecosystems. If Bitcoin built the foundation, Bitcoin Hyper could make it back fast, flexible and fun.
Click here to participate in the Presale
