Bitcoin has continued its positive trend by remaining above the $106,000 support level following the drop on October 17. BTC price analysis by Coinidol.com.
BTC price long-term prediction: bearish
The largest cryptocurrency has traded above the $106,000 support but below the moving average lines. Since the recovery, buyers have defended the $107,000 level in an effort to keep the price above the moving average lines.
On October 21, buyers attempted to push the price above the moving average lines but were blocked by the 50-day SMA. Bitcoin will return to its previous high of $126,110 if buyers maintain the price above the moving average lines. Today, Bitcoin has retraced but remains above the $107,000 support level. On the downside, if bears breach the $107,000 support, BTC could fall to its previous low of $103,310.
Technical indicators
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Key supply zones: $120,000, $125,000, $130,000 -
Key demand zones: $100,000, $95,000, $90,000
BTC price indicators analysis
The moving average lines are horizontal, indicating a sideways trend following the downturn. The 21-day SMA support has crossed below the 50-day SMA, signalling a downturn. On the 4-hour chart, the moving average lines are horizontal, but the price bars are positioned above them. Price movement has been constrained by the presence of Doji candlesticks.
BTC/USD daily chart – September 24, 2025
What is the next move for BTC?
Bitcoin’s price has resumed a sideways trend, remaining above the $107,000 level. On the upside, if buyers hold the $107,000 support, Bitcoin will begin a range-bound move between the $107,000 support and the $126,000 high. The 4-hour chart shows BTC price bouncing between the $106,000 support and $116,000. The upward movement has been slowed by the resistance at $114,000.
BTC/USD 4-hour chart – September 24, 2025
Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coinidol.com. Readers should do their research before investing in funds.
Source: https://coinidol.com/bitcoin-regains-critical/
