Bitcoin Stabilize but Volatility Looms Ahead

The crypto market saw modest gains today, with Bitcoin and Ethereum moving in slightly different directions but without major divergence.

Bitcoin Stabilize But Volatility Looms Ahead

Crypto Rises as Stocks Struggle

The total crypto market capitalization climbed 1.2% to reclaim $3.9 trillion, while U.S. equities tumbled. The S&P 500 dropped 1.39% to 6,370 points. Once again, crypto is showing resilience against tariff concerns and seasonal headwinds.

Bitcoin, Solana, and XRP led the gains with roughly 2% increases each, setting a cautiously bullish tone in what is historically one of the choppiest months for digital assets. Notably, this uptrend diverges from traditional markets, where Treasury yields spiked and tech stocks fell after a federal appeals court struck down most of former President Donald Trump’s tariffs.

Bitcoin: $110K as a Key Battleground

Bitcoin Price Chart
Bitcoin Price Chart

Bitcoin (BTC) posted a 1.36% gain, trading at $110,735, up from its opening price of $109,255. During the session, BTC briefly touched $111,775, before facing selling pressure near the highs. For now, the $110,000 level has emerged as a critical support zone for the bulls.

The Relative Strength Index (RSI) currently sits at 44, signaling neutral-to-bearish momentum. Meanwhile, the Average Directional Index (ADX) stands at just 20, indicating weak trend strength. Historically, such low ADX readings often precede explosive moves as the market “coils like a spring.”

Other indicators, such as the Squeeze Momentum, suggest bears are attempting to gain control. This has short-term traders eyeing potential short positions, while long-term investors may see this as an opportunity to accumulate at lower levels.

Golden Cross Still Intact, but Losing Steam

On the brighter side, Bitcoin’s exponential moving averages (EMAs) continue to support the broader uptrend. The 50-day EMA remains above the 200-day EMA, forming the so-called “golden cross”—a classic bullish signal that medium-term buyers are outpacing long-term holders. However, the narrowing gap between these EMAs warns of weakening momentum.

On the Myriad Markets prediction platform, most traders currently favor a bearish outlook. They see a 66% chance of Bitcoin sliding to $105,000, up from 44% just two weeks ago, compared to a smaller likelihood of BTC rebounding to $125,000.

Love

0.0/5

Love

Latest

Coinbase And Strategy Post Record Q3 Profits

News | Bitcoin | Editor Choice

Coinbase and Strategy Post Record Q3 Profits, Continue Aggressive Bitcoin Accumulation

Both Coinbase and Strategy Inc. reported record profits for Q3 2025 and significantly increased their Bitcoin holdings, signaling a growing wave of institutional accumulation despite BTC’s price hovering around $107,000.

Binance.us Accused Of Political Favoritism After Listing Trump Family’s Usd1 Token

News | Editor Choice | Policy & Regulations

Binance.US Accused of Political Favoritism After Listing Trump Family’s USD1 Token

Binance.US is facing a wave of fierce criticism after listing the Trump family’s USD1 stablecoin, just a week after Donald Trump’s controversial pardon of Changpeng Zhao — a move many see as a “political favor” between the White House and the crypto world.

Spacex Moves $31 Million In Bitcoin, What Is Elon Musk Planning

News | Bitcoin | Editor Choice

SpaceX Moves $31 Million in Bitcoin, What Is Elon Musk Planning?

SpaceX’s sudden $31 million Bitcoin transfer within just one week has sent shockwaves through the market, sparking speculation that Elon Musk may be preparing for a mysterious strategic move.

21shares Files For Hype Etf, While Bitwise’s Solana Etf Records

News | Altcoin | Editor Choice

21Shares Files for HYPE ETF, While Bitwise’s Solana ETF Records

The crypto ETF market is heating up as 21Shares and Bitwise roll out new products, signaling Wall Street’s growing interest in altcoins.

Bitcoin Eyes A Hopeful November Amid Fed Division On December Rate Cut

News | Bitcoin | Editor Choice

Bitcoin Eyes a Hopeful November Amid Fed Division on December Rate Cut

Following the Federal Reserve’s widely expected rate cut, the crypto market has yet to show signs of recovery as internal divisions over a potential December easing weigh on sentiment, making Bitcoin’s short-term outlook more cautious than ever.

Screenshot 2025 10 20 091338