Key points:
Bitcoin holds steady into the weekend, but market sentiment remains tense regarding future prospects.
BTC price predictions now increasingly suggest levels below $100,000.
RSI indicators still indicate a potential rebound — particularly likely if stock markets rise next week.
Bitcoin (BTC) held onto $107,000 on Saturday as traders prepared for the possibility of further lows.
Bitcoin traders still skeptical about $100,000 strength
Data from Cointelegraph Markets Pro and TradingView indicated a decrease in BTC price volatility as the weekend approached.
This provided some relief for bulls after a tumultuous week that saw BTC/USD drop an additional 7%.
With prices at their lowest in months, the pair is anticipated to decline further in the short term due to a lack of buying interest and significant macroeconomic changes.
“Everything aligns well for another downturn,” trader Crypto Tony noted in an X post on that day.
“I expect Bitcoin to drop to $95,000, potentially testing the $91,000 area before we find a bottom.”
Crypto Tony characterized even the sub-$100,000 scenario as a “bullish” outlook.
Meanwhile, another trading account, Daan Crypto Trades, anticipated calmer conditions persisting until the weekly candle close.
“BTC made a solid recovery on Friday before the CME close, suggesting we’re likely to hover around the ~$107K mark this weekend,” it informed X followers.
The post identified $105,000 as a critical nearby support level to maintain, with the potential for a more substantial rebound if stocks lead the way next week.
In this context, the outlook seemed positive — the S&P 500 closed at 6,664 on Friday, recovering approximately half of its losses from the previous week.
Reports that US President Donald Trump did not foresee prolonged higher tariffs on China aided in stabilizing equities, while gold pulled back from its recent all-time highs.
Will RSI facilitate a BTC price rebound?
As Cointelegraph highlighted, another promising indication for Bitcoin emerged with relative strength index (RSI) values.
Related: $120K or end of bull market? 5 things to know in Bitcoin this week
With the daily RSI at its lowest point since April, when BTC/USD fell to $75,000, the four-hour chart revealed a distinct bullish divergence forming.
As prices reached new local lows, RSI indicated a higher low, suggesting that sell-side pressure was easing below $110,000.
This led some to observe a discrepancy between bullish leading indicator data and extremely bearish market sentiment.
Interestingly, $BTC has confirmed a bullish divergence on the 6H & 8H and on the 12H timeframe, building on oversold RSI datapoints, while sentiment is at its most pessimistic level I’ve ever seen 🤔 pic.twitter.com/imvSXgSgsh
— 🀄Kriesz🀄 (@_Kriesz_) October 17, 2025
The Crypto Fear & Greed Index dropped to 22/100 on Friday, marking its first entry into the “extreme fear” zone since April.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
