🟡As of October 17, Bitcoin traded near $105,000, down 5% for the day and 8% for the week. A 36% increase in trading volume signals position reshuffling — traders are staying in the market and preparing for the next move. Technically, BTC remains within an ascending channel with support at $100,000, though a short-term pullback toward $88,000–$90,000 remains possible.
🟡Analysts say that holding above $105,000 could restore bullish momentum, opening the way toward $112,000 and $125,000. Neutral readings on RSI and MACD suggest consolidation, while low exchange reserves continue to limit supply. If Bitcoin closes the week above $125,000, the market could regain the strength needed to test new all-time highs.