Key factors:
-
Bitcoin stabilizes into the weekend, however market sentiment is something however relaxed in regards to the outlook.
-
BTC value forecasts more and more function sub-$100,000 ranges.
-
RSI indicators nonetheless level to a rebound — one thing extra possible if shares head increased subsequent week.
Bitcoin (BTC) clung to $107,000 on Saturday as merchants braced for recent lows subsequent.
Bitcoin merchants nonetheless doubt power of $100,000
Information from Cointelegraph Markets Professional and TradingView confirmed cooling BTC value volatility into the weekend.
This gave bulls some much-needed aid after per week of nasty surprises left BTC/USD down one other 7%.
Now at its lowest ranges in months, the pair was tipped for even decrease ranges within the quick time period amid an absence of purchaser demand and main macroeconomic change.
“All of it strains up properly throughout the board for an additional wave down,” dealer Crypto Tony wrote in an X publish on the day.
“Bitcoin i see us dropping to $95,000, probably testing the $91,000 area earlier than we discover a backside.”
Crypto Tony described even the sub-$100,000 situation as a “bullish” situation.
Fellow buying and selling account Daan Crypto Trades nonetheless noticed calmer situations lasting till the weekly candle shut.
“BTC did job recovering some floor on Friday earlier than the CME shut. This makes it so we’re prone to stick round this ~$107K stage through the weekend,” it instructed X followers.
The publish flagged $105,000 as the important thing close by assist stage to carry, with crypto due for a extra important rebound if shares led the way in which subsequent week.
To that extent, the outlook was promising — the S&P 500 closed at 6,664 on Friday, having recovered round half of its losses from the week prior.
Information that US President Donald Trump didn’t count on increased tariffs on China to final helped equities stabilize, whereas gold got here off its newest all-time highs.
Can RSI ship a BTC value bounce?
As Cointelegraph reported, one other encouraging signal for Bitcoin got here within the type of relative power index (RSI) values.
Associated: $120K or finish of bull market? 5 issues to know in Bitcoin this week
With day by day RSI at its lowest since April, when BTC/USD fell to $75,000, the four-hour chart confirmed a transparent bullish divergence creating.
As value made new native lows, RSI sought the next low, indicating that sell-side strain was declining under $110,000.
This led some to level out a battle between bullish main indicator knowledge and overly bearish market sentiment.
Fascinating, $BTC has confirmed a bullish divergence on the 6H & 8H and on 12H timeframe constructing on oversold RSI datapoints whereas sentiment is as depressed as Ive ever seen 🤔 pic.twitter.com/imvSXgSgsh
— 🀄Kriesz🀄 (@_Kriesz_) October 17, 2025
The Crypto Worry & Greed Index hit 22/100 Friday, marking its first journey into the “excessive concern” zone since April.
This text doesn’t comprise funding recommendation or suggestions. Each funding and buying and selling transfer entails threat, and readers ought to conduct their very own analysis when making a call.