๐จ Bitcoin Market Update โ 19 Oct 2025
$BTC /USDT: $106,855 (-0.09%)
After a sharp drop from $126K, Bitcoin is currently consolidating above the $106K mark, showing early signs of stabilization after recent volatility.
๐น Key Data:
24h High: $107,367
24h Low: $106,484
Support Zone: $102,000 โ $106,000
Resistance Levels: $111,400 โ $115,000
๐น Technical View:
Bitcoin remains below the short-term MA(7) = 109,660 and MA(25) = 114,919, signaling that bears are still in control for now. However, the recent slowdown in selling pressure could be an early sign of a potential bottom formation near $102K.
๐น What to Watch:
A breakout above $110K could trigger momentum toward $115Kโ$120K zones, while losing $106K may invite another retest of the psychological $100K level.
๐ก Market Sentiment: Neutral to Slightly Bearish
Short-term traders are eyeing a possible reversal bounce, but confirmation is needed through stronger volume and close above MA(7).
โก๏ธ Bitcoin cooling off after a strong rally โ patience and precision
