Highlights:
Bitcoin has drawn investors ready to “buy the dip” at approximately $110,000.
Multiple support retests continue to capture trader interest.
Bulls may witness a bullish RSI divergence with a solid daily close.
Bitcoin (BTC) maintained pressure on significant support levels Thursday as buyer interest began to revive.
BTC price revisits sub-$110,000 levels
Data from Cointelegraph Markets Pro and TradingView indicated that BTC/USD dipped below $110,000 on Bitstamp.
Order-book liquidity on exchanges was targeted, with both local lows and resistance at $112,300 now a critical focus.
“It’s time to lock in again, 4th time testing this demand area,” trader Skew noted in a post on X.
Analyst Rekt Capital pointed out that BTC/USD had now filled an existing “gap” in CME Group’s Bitcoin futures market.
Bitcoin has completely filled its Weekly CME Gap between $109680 and $111310$BTC #Crypto #Bitcoin https://t.co/NS86XQRgTn pic.twitter.com/zfvYml9hih
— Rekt Capital (@rektcapital) October 16, 2025
Regarding the relative strength index (RSI), Rekt Capital observed an “emerging” bullish divergence with price — a possible indicator of future upside.
“Price needs to Daily Close just like this to finalize it,” he mentioned.
Crypto analyst and entrepreneur Ted Pillows pointed to market sentiment as evidence that the Bitcoin price was likely establishing a local floor.
“$BTC has been consolidating after last week’s drop,” he shared with his X followers.
“Sentiment is at an all-time low, people are panic selling and ‘it’s all over’ is trending. This doesn’t occur at the top but rather at the bottom.”
Pillows posted a chart comparing the current BTC price movement with that from the COVID-19 cross-market crash in March 2020.
As reported by Cointelegraph, the Crypto Fear & Greed Index has shifted to “fear” this month, aligning with six-month lows.
Bitcoin dip-buyers finally appear
In exploring investor trends, onchain analytics platform Glassnode presented some positive news for bulls.
Related: Bitcoin traders worried about a $102K BTC price plunge as gold hits new highs
Entities holding between 1 BTC and 1,000 BTC, as reported on the day, were exhibiting “strong accumulation.”
Even whales, who had previously distributed large amounts of BTC to the market, are now slowing down their sales.
Glassnode indicated this was “signaling renewed confidence despite recent fluctuations.”
This article does not offer investment advice or recommendations. Every investment and trading decision involves risk, and readers should conduct their own research before proceeding.
