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As of October 23, 2025, 06:48 UTC, Bitcoin (BTC) is trading at $108,890 in the Binance exchange, against the US Dollar. Analysts point out that the zone of $108,000-110,000 is a critical support and resistance point. Crypto Rover published a graph on Trading View with focus on this make-or-break range.
Do or die for Bitcoin! pic.twitter.com/UFefYsb0uQ
— Crypto Rover (@cryptorover) October 23, 2025
Price Shows short term contraction.
The graph shows 10 minutes candlesticks. Bitcoin rose by over $110,000 in October 2025 after rising between $60,000 and $70,000 in late 2024. The pullback which has taken place recently gave BTC a price of $108,890, right above the key support.
The chart has red arrows showing prior rejections of less than 108,000. Breakout attempts during recent times are marked with green arrows. The trends indicate that the price is volatile with steep intraday changes.
Traders label 108, 000-110, 000 as a critical area. A position above 108,000 is an indication of a possible increase to 120,000. The drop to less than $108,000 may cause a fall to 100,000. The zone has the institutional and retail purchase interest with a lot of trading at this price.
Bitcoin Market Sentiment Split
The reaction of the crypto community is mixed:
- Bullish: @SOLH3WK is looking to break out above $110,000. BTC may go up to 150K, predicts RickLee39514895.
- Neutral: @ianmolchitkara thinks that the situation will be stable, provided that it has support. TheDallasCoin reports RSI 48 and bearish MACD with a possible rebound of 62%.
- Bearish: Bear market in the near future should BTC drop below major support points, writes Bearish: @CryptoDanJohn.
- Trading Volume and Activity
The bitcoin candlestick size shows the existence of a high trading activity in the range of the 108K-110K. Past Binance history reveals that the volume of the previous break out attempts were 10B-20B/day. Traders keep a watch on short-term trend of 10-minute and 1-hour charts.
Technical Patterns and Indicators.
The chart analysis indicates that there has been a volatile rise at the end of 2024. The triple-bottom trend of the pattern of the account of VitoApH is highly supportive. The latest price movement takes into account support and resistance that forms a decisive point. Analysts observe a declining trend in RSI even as the channel increases indicating the possible short-term corrections. Macro factors: The BTC volatility is affected by interest rate announcements and inflation data on a global scale.
Cryptocurrency news: the reintroduction of WazirX on October 24, 2025, may cause an outflow of altcoins to BTC, which will impact the price dynamics. Domination of the market: The market behavior of Bitcoin will afford capital flow on the altcoins in case it does not support.
