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The Bitcoin value has risen over 1% within the final 24 hours, buying and selling at $111,331 as of 4:00 a.m. EST, on a 31% lower in day by day buying and selling quantity to $50.47 billion.
That BTC value enhance occurred at the same time as Tom Lee, BitMine’s well-known chairman, says that at the same time as Bitcoin turns into extra common with large funding companies, sharp drops of fifty% or extra are nonetheless attainable.
“Simply holding crypto on a stability sheet doesn’t assure long-term efficiency,” he defined, reminding everybody of Bitcoin’s turbulent previous.
⚡️TOM LEE: BITCOIN NOT IMMUNE TO A 50% CRASH
He warns that even with Wall Avenue backing, $BTC might nonetheless face deep drawdowns, similar to the inventory market. pic.twitter.com/xOgzIb6YY0
— Coin Bureau (@coinbureau) October 24, 2025
In the previous few weeks, Bitcoin has confronted tough swings. First taking pictures as much as practically $126,000 after which tumbling beneath $110,000 earlier than bouncing again. Regardless of the pullbacks, Bitcoin’s place above $110,000 exhibits the market nonetheless has religion, for now.
Nonetheless, large buyers have pumped greater than $1.2 trillion into Bitcoin by main exchanges up to now 12 months, making it the largest crypto entry level on this planet. Whilst different cryptocurrencies acquire floor, Bitcoin stays the primary alternative for conventional buyers, particularly within the US.
Bitcoin On-Chain Knowledge: Exercise Stays Excessive Regardless of Warnings
On-chain indicators give a clearer image of what’s taking place behind the value. Bitcoin stays the chief when it comes to community exercise and general demand.
Buying and selling quantity for on-chain perpetuals (crypto derivatives traded instantly on the blockchain) hit all-time highs in October, with greater than $1 trillion value of notional worth exchanged this month alone. This means robust curiosity from institutional and retail merchants alike, at the same time as costs swing up and down.
Nonetheless, some pink flags are displaying. The variety of Bitcoin transfers between wallets and exchanges has elevated throughout value drops, usually an indication that some holders wish to take earnings or restrict their losses.
Bitcoin Change Reserve Supply: CryptoQuant
Whereas many long-term holders are staying put, new patrons are stepping in each time Bitcoin dips beneath main help ranges. This means that the market stays lively, with patrons and sellers shortly reacting to strikes in value.
Bitcoin Technical Evaluation: BTC Displaying A Bearish Tilt
Trying on the charts, Bitcoin is presently in a consolidation zone after a pointy drop from its latest highs close to $126,000. The worth is holding above the 200-day Easy Shifting Common (SMA) at $108,445.78, which acts as a key help degree. The 50-day SMA is at $114,194.62, now simply above the newest value, making a “zone of resistance” overhead.
BTCUSD Evaluation Supply: Tradingview
Technical indicators present blended indicators. The Relative Power Index (RSI) is at 47.34, displaying the market is impartial, which means patrons and sellers are evenly matched for now.
The Shifting Common Convergence Divergence (MACD) stays beneath the sign line, an indication that bearish momentum might proceed if patrons fail to step in.
In the meantime, the Common Directional Index (ADX) is at 25.47, indicating the pattern is current however not overwhelming, and the market might simply tip in both route.
The chart additionally exhibits clear horizontal help and resistance zones. Sellers have repeatedly pushed Bitcoin down from the $125,000–$126,000 space, as marked by pink arrows. On the draw back, robust help may be discovered simply above $108,000 and round $105,000, near the 200-day SMA.
A fall beneath these ranges can be a warning of deeper corrections, and as Lee says, robust corrections ought to by no means be dominated out, even in bullish cycles.
Conversely, if the value strikes above resistance at $114,200 after which $118,000, Bitcoin might attempt to retest latest highs. However and not using a robust catalyst, the trail to greater ranges seems difficult..
For now, technical and on-chain knowledge present Bitcoin is holding, however bulls face a troublesome street. Because the market waits for its subsequent large catalyst, staying above $108,000 is vital. If not, even Wall Avenue’s favourite crypto might see a pointy drop earlier than bouncing again.
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