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The biggest cryptocurrency revisited its earlier peak of $124,000 however was rejected on the latest excessive. BTC worth evaluation by Coinidol.com.
Bitcoin worth long-term prediction: bullish
Bitcoin (BTC) surged to a excessive of $126,272 on October 6 however didn’t maintain the upward development.
In the present day, the Bitcoin worth retraced and stays above the $120,000 resistance degree. On the draw back, if the bears break by means of the present assist at $120,000, Bitcoin might fall to the 21-day SMA assist or the $116,000 low. Conversely, if the $120,000 assist holds, Bitcoin will rise once more.
A break above the $124,000 barrier will propel Bitcoin to a excessive of $135,000. The bullish momentum is predicted to proceed as much as $141,000. At present, Bitcoin is buying and selling at $121,457.
BTC worth indicator evaluation
BTC worth has risen above the horizontal transferring common strains. The 21-day SMA is above the 50-day SMA, indicating a bullish development. On the 4-hour chart, the value of Bitcoin has slipped between the 21-day and 50-day SMAs, suggesting that Bitcoin will likely be confined to a variety for a number of days.
BTC/USD day by day chart – October 7, 2025
What’s the subsequent transfer for Bitcoin?
Bitcoin’s worth stays bullish because it holds above the $120,000 assist. On the 4-hour chart, Bitcoin’s worth has slipped between the transferring common strains. In different phrases, Bitcoin costs are starting from $120,000 to $124,000. Bitcoin will development as soon as these range-bound ranges are breached. In the meantime, Bitcoin stays above the $120,000 assist.
BTC/USD 4-hours chart – October 7, 2025
Disclaimer. This evaluation and forecast are the non-public opinions of the writer. The info supplied is collected by the writer and isn’t sponsored by any firm or token developer. This isn’t a advice to purchase or promote cryptocurrency and shouldn’t be seen as an endorsement by CoinIdol.com. Readers ought to do their analysis earlier than investing in funds.
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