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The Bitcoin worth has fallen between the transferring common strains after being rejected on the $116,500 excessive. An in depth evaluation of BTC worth by Coinidol.com.
BTC worth long-term prediction: bearish
On October 26, consumers pushed the worth above the transferring common strains however couldn’t maintain bullish momentum. The Bitcoin worth is declining after being rejected twice on the $116,000 barrier. The cryptocurrency is at the moment buying and selling between the 21-day SMA assist and the 50-day SMA resistance. The BTC worth will pattern when both the 21-day SMA assist or the 50-day SMA is breached.
Bitcoin will decline to the essential assist degree above $107,000 if assist fails. At current, the BTC worth is buying and selling in the course of the worth vary. In the present day, Bitcoin is valued at $112,790 on the time of writing.
Technical indicators
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Key provide zones: $120,000, $125,000, $130,000 -
Key demand zones: $100,000, $95,000, $90,000
Bitcoin worth indicator evaluation
The Bitcoin worth is caught between the transferring common strains and is more likely to oscillate between them for just a few days. The lengthy candlestick wicks on 27 and 28 October point out vital promoting strain on the latest excessive. On the 4-hour chart, the worth is positioned between the upward-sloping transferring common strains.
BTC/USD every day chart – September 28, 2025
What’s the subsequent transfer for Bitcoin?
Bitcoin’s worth is at the moment buying and selling above the $106,000 assist degree however beneath $116,000. On the 4-hour chart, consumers have pushed the worth above the transferring common strains. Bullish momentum was rejected twice at $116,000, and the worth fell beneath the 21-day SMA assist. The present worth vary is anticipated to carry for the subsequent few days.
BTC/USD 4-hour chart – September 28, 2025
Disclaimer. This evaluation and forecast are the private opinions of the writer. The information supplied 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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