Main Highlights:
Bitcoin shows some stability as the weekend approaches, yet market sentiment remains tense regarding future movements.
Forecasts for BTC prices are increasingly suggesting levels below $100,000.
RSI indicators still indicate a potential recovery — more likely if stocks rise in the upcoming week.
On Saturday, Bitcoin (BTC) held steady at $107,000 as traders prepared for potential further declines.
Bitcoin Traders Remain Skeptical About $100,000
Data from Cointelegraph Markets Pro and TradingView indicated that BTC price volatility has eased as the weekend begins.
This provided some relief for bulls after a week of unpleasant surprises left BTC/USD down by another 7%.
Now at its lowest point in several months, there are expectations for further declines in the short term due to low buying interest and significant macroeconomic shifts.
“Everything seems aligned for another downturn,” trader Crypto Tony stated in an X post on that day.
“I anticipate Bitcoin dropping to $95,000, potentially retesting the $91,000 area before we find a bottom.”
Crypto Tony described even the possibility of sub-$100,000 as a “bullish” scenario.
Another trading account, Daan Crypto Trades, still expected calmer market conditions until the weekly candle close.
“BTC made a solid recovery on Friday before the CME close, suggesting that we may hold around the ~$107K level throughout the weekend,” it informed followers on X.
The post highlighted $105,000 as the crucial nearby support level, with a more substantial recovery possible if stocks take a positive turn next week.
In this context, the outlook appeared encouraging — the S&P 500 closed at 6,664 on Friday, recovering about half of its losses from the previous week.
Additionally, news of US President Donald Trump’s indication that higher tariffs on China may not persist helped stabilize equities, while gold retreated from its recent all-time highs.
Can RSI Trigger a BTC Price Bounce?
As Cointelegraph noted, another positive indicator for Bitcoin emerged from the relative strength index (RSI) values.
Related: $120K or the end of the bull market? 5 crucial points to understand about Bitcoin this week
With the daily RSI at its lowest since April, when BTC/USD dropped to $75,000, the four-hour chart revealed a clear bullish divergence.
As prices reached new local lows, the RSI aimed for a higher low, indicating that selling pressure was easing below $110,000.
This sparked discussions about a discrepancy between bullish leading indicator data and the prevailing bearish market mood.
Interesting, $BTC has confirmed a bullish divergence on the 6H & 8H and on 12H timeframe building on oversold RSI datapoints while sentiment is as depressed as I’ve ever seen 🤔 pic.twitter.com/imvSXgSgsh
— 🀄Kriesz🀄 (@_Kriesz_) October 17, 2025
The Crypto Fear & Greed Index reached 22/100 on Friday, marking its first entry into the “extreme fear” zone since April.
This article does not offer investment advice or recommendations. Every investment and trading decision carries risk, and readers should conduct their own research before making any decisions.
