2 hours ago
Key points:
Bitcoin stays volatile into the Wall Street unfastened with $110,000 making a reappearance.
Liquidity conditions thicken astir terms arsenic the 21-week moving mean present important to reclaim.
Gold terms tumbles from a rematch with all-time highs.
Bitcoin (BTC) buyers and sellers fought for power astatine Tuesday’s Wall Street unfastened arsenic golden fell hard.
BTC/USD one-hour chart. Source: Cointelegraph/TradingViewBitcoin bounces aft rematch with CME futures gap
Data from Cointelegraph Markets Pro and TradingView showed BTC terms volatility heating up.
After dropping toward the play spread successful CME Group’s Bitcoin futures marketplace — but not filling it — BTC/USD reversed upward, passing the $110,000 mark.
The brace surfed changing liquidity conditions connected speech bid books, with some bids and asks coming and going arsenic entities attempted to power terms performance.
Data from monitoring assets CoinGlass revealed wide liquidity thickening astir the spot price.
BTC liquidation heatmap (screenshot). Source: CoinGlass“Been a portion since liquidations person looked similar this with backing rates astir antagonistic territories,” trader Luca wrote connected the taxable successful an X post.
The station referenced backing rates crossed derivatives exchanges, indicating a risk-off mentality among traders, with an wide anticipation of further downside to come.
Both Luca and others noted a ample imaginable terms “magnet” successful the signifier of asks astatine $116,000 and above.
BTC/USD one-week chart. Source: Rekt Capital/XTrader and expert Rekt Capital, meanwhile, flagged the 21-week exponential moving mean (EMA) arsenic the cardinal absorption level for bulls to beat.
“Bitcoin is uncovering absorption astatine the 21-week EMA (green) for the infinitesimal which is pressing terms backmost into the humanities request country (orange),” helium wrote alongside a chart.
“Bitcoin needs to proceed holding orangish arsenic enactment to not conscionable clasp a imaginable early-stage Higher Low but presumption itself for a reclaim of the 21-week EMA later.”Gold “double top” successful show arsenic regular dip hits 5%
Volatility was not lone confined to crypto markets connected the day.
Related: Ethereum fails again supra $4K arsenic traders turn frustrated with shakeouts
Gold, which had posted all-time highs successful caller days, present recovered itself astatine hazard of a “double top” bearish inclination reversal aft suffering much than 5.5% successful regular losses.
$GOLD. Will the EQH crook into a Double Top? If so, the people is astir 4K. pic.twitter.com/qlh7qm2x21
— HTL-NL 🇳🇱 (@htltimor) October 21, 2025James Stanley, a elder strategist astatine Forex.com, was among those forecasting a retest of $4,000 if the operation played out.
“If neckline breaks and terms clears to projected move, that’s a 4k test,” helium told X followers successful portion of his latest X analysis, which featured Fibonacci retracement levels.
XAU/USD four-hour chart. Source: James Stanley/XTrader Crypto Tony suggested that Bitcoin and altcoins could yet payment from a cooling-off successful gold’s historical bull run.
“Riskier plus classes clasp much value during uncertain times and GOLD is the apical of this chain,” helium wrote connected X, seeing golden arsenic the crushed for crypto underperformance.
“Once this does pullback, expect a Crypto boom.”
BTC/USD vs. XAU/USD four-hour chart. Source: Cointelegraph/TradingViewThis nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision.
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