🚨 Bitcoin Market Update – October 17, 2025

Pair: BTC/USDT

Current Price: $105,232 (-5.07%)

24h Range: $104,505 – $111,982

Market Sentiment: ⚠️ High Volatility

📊 Market Overview:

Bitcoin faced strong selling pressure today, dropping to around $105K.

In the last 24 hours, the price fell from $112K to $105K, signaling profit-taking and short-term panic sell across the market.

📉 Moving Averages:

MA(7) crossed below MA(25) → Short-term bearish signal

Trading volume remains high → Indicates active selling and liquidity shift

🧠 Technical Analysis Insight:

Immediate Support: $102,000 – $100,000

Major Support: $97,500 – $95,000

Resistance Zone: $111,000 – $115,000

RSI is near the oversold zone, meaning a technical bounce or short recovery could happen soon.

However, the overall structure remains bearish in the short term.

🌐 Macro Factors:

Recent comments from Federal Reserve Chair Jerome Powell about balance sheet reduction and liquidity tightening are shaking global markets.

Investors are moving toward safer assets, creating temporary pressure on crypto and stocks.

📈 Trader’s View:

If I were trading this market:

Spot Entry Zone: $100K–$102K (ideal for slow DCA entries)

Stop-Loss: Below $97K

Short-Term Target: $111K–$114K rebound possible

Mid-Term View: If stability returns, BTC could climb back above $120K

⚠️ Summary:

🔹 Market is extremely volatile — expect strong movements.

🔹 Short-term still bearish, but long-term bullish structure remains.

🔹 Best strategy: Stay calm, avoid panic sells, and monitor the $100K zone carefully.

💬 If you’re holding BTC — don’t panic!

The $100K support zone could become the next bounce area before a reversal. 🚀

#BTCUpdate #BitcoinToday #CryptoAnalysis #MarketUpdate #CryptoNews $BTC