According to CoinDesk Research’s technical analysis data model, Bitcoin BTC$109,021.24 It slipped into support, returned to resistance, and then settled into a tighter range as activity rose around key levels.
Technical analysis highlights
- Path and Range: Trading around $4,296, the price explored a low of $106,391 and then tested $110,700 before easing.
- Sell Wave: The downside of the first leg saw a hand change of 19,395 BTC, accounting for 78% more than typical activity for that phase.
- Rebound impulse: V-shaped recovery from lows. A burst of 954 BTC pushed the price near the ceiling near $110,500 before profit-taking returned.
- Bigger ceiling: This model has had four rejections from $117,500 since August, indicating a durable ceiling.
meaning of pattern
- Active buyers on the floor: Repeated responses near $106,400 indicate demand, but overhead supply continues to rely on rebound.
- Bidirectional Interest: Accumulation near support encountered solid selling, keeping trading limited.
- Range movement: The bounce failed to stick above the upper band and the price movement remained within the range while the position was reset.
Support and resistance map
- Support: First $106,400, then $103,000 as a deeper demand zone.
- Resistance: $110,700 to $114,500 as a short-term cluster.
- A bigger cap: $117,500 remains the level the model has repeatedly warned against since August.
Scroll
- First sell: 19,395 BTC on the first legdown, about 78% above the average for that window.
- Rebound Burst: 954 BTC has been pushed back near the ceiling, coinciding with aggressive bull buying.
- Post-test: Activity cooled as trading compressed into tight bands.
Target and risk framework
- If a buyer approaches: A clean break above the $110,700-$114,500 cluster will shift focus to the $117,500 cap, and once that is cleared, focus will shift to the $120,000-$123,000 extension of the model.
- If the seller gains control: $106,400 loss exposes $103,000 to loss. The model also lists a measured risk of movement from $94,000 towards $88,000 if the weakness worsens further.
- Tactical takeaway: With two-way flows and narrow bands, many traders look for a definitive breakout from the current range before leaning further.
CoinDesk 5 Index (CD5) Context
CD5 rose from $1,893.76 to $1,920.74, for a total change of 3.04% over the session. A breakout to $1,924.98 occurred around 4:00 a.m. UTC, and the index held lows above the $1,920 threshold.
Community reaction about X
Halloween 2025 coincides with the 17th anniversary of the publication of Satoshi Nakamoto’s Bitcoin white paper, and supporters agreed.
The Bitcoin Policy Institute has positioned Bitcoin as an alternative to a broken system and urged people not to “fear the specter of fiat currency.”
MetaPlanet’s Phil Geiger called ignoring Bitcoin “the creepiest thing”, a nod to a long-term adoption theme.
Bitcoin Magazine predicts that Bitcoin will rise to $204 in 2013, $6,317 in 2018, $61,318 in 2021, $20,495 in 2022, and in 2024. Posted Halloween price history showing $70,215, $110,300 in 2025, highlighting long-term gains with steep drawdowns, ending HODL. message.
Disclaimer: Portions of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance. our standards. For more information, see CoinDesk’s complete AI policy.
