Bitget App
Trade smarter
Bitcoin (BTC) Price Analysis for October 18

Bitcoin (BTC) Price Analysis for October 18

CryptoNewsNetCryptoNewsNet2025/10/18 21:15
By:u.today

Buyers are trying to seize the initiative on Saturday, according to CoinStats.

Bitcoin (BTC) Price Analysis for October 18 image 0

BTC/USD

The rate of Bitcoin (BTC) has risen by 1.11% since yesterday.

Bitcoin (BTC) Price Analysis for October 18 image 1

On the hourly chart, the price of BTC is far from the support and resistance levels. The volume is low, which means traders are unlikely to witness increased volatility by tomorrow.

Bitcoin (BTC) Price Analysis for October 18 image 2

On the bigger time frame, there are no reversal signals so far. In this regard, one should pay attention to yesterday's bar low of $103,530.

If bulls lose it, the decline may continue to the $100,000 area.

Bitcoin (BTC) Price Analysis for October 18 image 3

From the midterm point of view, sellers are also more powerful than buyers. If a breakout of the $100,426 support happens, the accumulated energy might be enough for a move to the $95,000 zone.

Bitcoin is trading at $106,909 at press time.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.