3 hours ago
Key points:
Bitcoin stabilizes into the weekend, but marketplace sentiment is thing but relaxed astir the outlook.
BTC terms forecasts progressively diagnostic sub-$100,000 levels.
RSI signals inactive constituent to a rebound — thing much apt if stocks caput higher adjacent week.
Bitcoin (BTC) clung to $107,000 connected Saturday arsenic traders braced for caller lows next.
BTC/USD one-hour chart. Source: Cointelegraph/TradingViewBitcoin traders inactive uncertainty spot of $100,000
Data from Cointelegraph Markets Pro and TradingView showed cooling BTC terms volatility into the weekend.
This gave bulls immoderate much-needed alleviation aft a week of nasty surprises near BTC/USD down different 7%.
Now astatine its lowest levels successful months, the brace was tipped for adjacent little levels successful the abbreviated word amid a deficiency of purchaser request and large macroeconomic change.
“It each lines up nicely crossed the committee for different question down,” trader Crypto Tony wrote successful an X post connected the day.
“Bitcoin one spot america dropping to $95,000, perchance investigating the $91,000 portion earlier we find a bottom.”
BTC/USDT perpetual declaration one-day chart. Source: Crypto Tony/XCrypto Tony described adjacent the sub-$100,000 script arsenic a “bullish” scenario.
Fellow trading relationship Daan Crypto Trades inactive saw calmer conditions lasting until the play candle close.
“BTC did a bully occupation recovering immoderate crushed connected Friday earlier the CME close. This makes it truthful we’re apt to instrumentality astir this ~$107K level during the weekend,” it told X followers.
The station flagged $105,000 arsenic the cardinal adjacent enactment level to hold, with crypto owed for a much important rebound if stocks led the mode adjacent week.
BTC/USDT 15-minute illustration with CME Group Bitcoin futures close. Source: Daan Crpyto Trades/XTo that extent, the outlook was promising — the S&P 500 closed astatine 6,664 connected Friday, having recovered astir fractional of its losses from the week prior.
News that US President Donald Trump did not expect higher tariffs connected China to past helped equities stabilize, portion golden came disconnected its latest all-time highs.
Can RSI present a BTC terms bounce?
As Cointelegraph reported, different encouraging motion for Bitcoin came successful the signifier of comparative spot scale (RSI) values.
Related: $120K oregon extremity of bull market? 5 things to cognize successful Bitcoin this week
With regular RSI astatine its lowest since April, erstwhile BTC/USD fell to $75,000, the four-hour illustration showed a wide bullish divergence developing.
As terms made caller section lows, RSI sought a higher low, indicating that sell-side unit was declining beneath $110,000.
BTC/USD four-hour illustration with RSI data. Source: Cointelegraph/TradingView
This led immoderate to constituent retired a struggle betwixt bullish starring indicator information and overly bearish marketplace sentiment.
Interesting, $BTC has confirmed a bullish divergence connected the 6H & 8H and connected 12H timeframe gathering connected oversold RSI datapoints portion sentiment is arsenic depressed arsenic Ive ever seen 🤔 pic.twitter.com/imvSXgSgsh
— 🀄Kriesz🀄 (@_Kriesz_) October 17, 2025The Crypto Fear & Greed Index deed 22/100 Friday, marking its archetypal travel into the “extreme fear” portion since April.
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