The crypto market seems to be gearing back to life as Bitcoin recently surged past the $107,000 mark. The brief surge comes just days after huge selloffs triggered by the escalation in the US-China trade war forced Bitcoin and several top assets to multi-month lows. Further strengthening the blow was the $536 million outflow in Bitcoin ETFs as investors scampered for safety. However, as Bitcoin begin to trade in the green again, many wonder if the market is ready to stage another comeback.Â
Interestingly, crypto analyst Tyrex believes the worst is behind, sharing his bullish outlook in an X post on October 16, 2025. In the post, Tyrex points to Bitcoin’s defense of the $108,000-$105,000 region as a key signal that the market has bottomed out and Bitcoin is ready to climb towards the $117,000 mark. Tyrex is also confident that a surge to $117,000 will influence other assets in the market, triggering a rally. Â
Like Tyrex, some crypto community members also believe a comeback could be on the horizon due to the Uptober trend. However, some hold a pessimistic outlook as traders continue to remain wary of the market. With less than two weeks left to November, we wait to see how events unfold in the coming days. Meanwhile, according to asset tracker coingecko, Bitcoin continues to trade around $107,000 and Ethereum rapidly approaches the $3900 mark.
