As of October 18, 2025, Bitcoin is valued at $107,004. Its price fluctuated between $104,747 and $107,449 over the past day. The cryptocurrency’s market cap stands at an impressive $2.13 trillion with a robust daily trading volume of around $62.96 billion.
The daily analysis shows Bitcoin in a long-term downward trend that began after reaching a high of $126,272. Since then, it has faced significant selling pressure resulting in multiple red candles on the chart along with rising volumes—indicative of widespread market capitulation. Currently, the price seems to have found some stability above the support range of $103,500 to $106,000 as indicated by a small bullish candle in recent sessions.
This short-lived recovery aligns with the lower end of an established trading range and could signal potential for a temporary upward move if momentum persists. However, any upside movement is likely to face strong resistance between the ranges of $114,000 and $116,000, with even greater supply anticipated from levels ranging from 120,000 to 122,000.
On examining Bitcoin’s four-hour chart, it remains evidently bearish due to its pattern of lower highs and lows since its sharp decline from $126,000. A brief rebound failed to reclaim $&#&49;&;”;”;&#\&\#x31\4&\#x34\4&\#x30\0″;”;0″, leaving it oscillating within $\1\\06\,\\00\0\”and \”108,\00\. A breakout beyond \10\\8,\5\, coupled with strong volume could indicate short-term upward momentum while breaking below \10\,3,&5\u003c exposes psychological level \100,\00\u003e as next major interest area.
The one-hour chart illustrates classic stair-step decline ending bounce off \103,\53\” followed lateral movement between &106,\”/07/07\”, characterized declining volumes often seen accumulation phase Immediate resistance lies near term ceiling break above this accompanied volume might trigger quick rise towards &110,\”-112,\” renewed weakness beneath \\105,&50\/ likely retest level especially if breakdown comes increased.
Oscillators present mixed signals: Relative Strength Index (RSI) sits neutral territory at &36;, indicating possible room for upwards motion Stochastic oscillator registers value suggesting conditions historically preceding rebounds Commodity Channel Index (CCI) negative pointing similar conclusion Meanwhile Average Directional Index (ADX), Awesome Oscillator Momentum indicators reflect weakening trend Moving Average Convergence Divergence MACD remains negative signaling persistent bearish pressure.
Moving averages across all timeframes indicate dominant downtrend Exponential Moving Averages EMAs periods stand current prices period EMA Simple SMAs configuration further emphasizing prevailing downtrend Overcoming these technical barriers essential before considering sustained bullish outlook credible.
Bullish Perspective:
If Bitcoin holds support above \\103,,500/& breaks through resistances meaningful volume structure favors short-term recovery toward levels Sustained move higher shift sentiment suggest potential reversal renewed momentum towards upper zones
Bearish Perspective:
Lacking decisive reclamation establishing higher low structures maintains downward trajectory Continued rejection key paired weakening indicators reinforces likelihood further downside emerging critical support zone
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