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The worth of Bitcoin has twice dropped to its October 10 low of $103,000. BTC value evaluation by Coinidol.com.
Bitcoin value long-term prediction: bearish
On October 12, consumers pushed the Bitcoin value above the transferring common strains, however have been halted by the 21-day SMA barrier on the $116,000 excessive.
Nevertheless, Bitcoin’s rejection on the $116,000 excessive precipitated it to fall again to its earlier low of $103,000, the place the bulls purchased the dips. The cryptocurrency is now rising above the $106,000 help stage as soon as once more. The most important cryptocurrency is presently buying and selling at $107,720. If the bears breach the $107,000 help, the Bitcoin value may fall to $100,000.
In distinction, if the $107,000 help holds, the BTC value might be compelled to maneuver inside a spread above it. At current, Bitcoin is steadily advancing, approaching the transferring common strains.
Technical indicators
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Key provide zones: $120,000, $125,000, $130,000 -
Key demand zones: $100,000, $95,000, $90,000
BTC value indicators evaluation
The BTC value has two lengthy candlestick tails extending throughout the $104,000 help, indicating vital shopping for demand at this stage. On the every day chart, the worth bars are beneath the horizontal transferring averages. On the 4-hour chart, the worth bars are beneath the downward-sloping transferring common strains, indicating the present decline.
BTC/USD every day chart – October 18, 2025
What’s the subsequent transfer for BTC?
Bitcoin’s value has fallen to $103,000 for the second time. The worth is oscillating in a slim vary above the $104,000 help and beneath $116,000. The cryptocurrency is climbing above its present help of $104,000. The upward motion is restricted by the 21-day SMA barrier. Bitcoin will resume its bullish ascent if consumers maintain the worth above the transferring averages.
BTC/USD 4-hour chart – October 18, 2025
Disclaimer. This evaluation and forecast are the private opinions of the writer. The information offered is collected by the writer and isn’t sponsored by any firm or token developer. This isn’t a suggestion 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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