No, it could be entirely false, or parts of it could be false.And if a book of the Bible is false, then all the information inside that book is false.
Even the second case shows its not the inerrant word of God. Its a mythical / historical chronicle of the Israelites.
Just like the Iliad and The Odyssey are mythical / historical records of the early Greeks.
Now, in the latter we see Greeks mingling with their Gods, and we also see them attacking Troy. We found Troy in 1880ish - a historical reality and sacked at about the right time too....does that mean that Achilles was REALLY the half human son of Thetis the River Goddess?
Its no surprise to find some historical aspects of the Bible are true. But others have been found wanting in the facts department.
And as we would expect, its the earliest parts that are the most mythical.
If you really believe in God, I suggest that His universe as revealed by our observation and logic is far harder to fake than a few old fables from an obscure source. Even the light from many stars took thousands of times longer than the allowed "6000 years" to reach us. Did God fake that or did early cultures get the timing wrong????