As analyzed by CoinDesk Research’s technical data model, bitcoin fell to support, quickly rebounding to resistance, and has since settled into a tighter trading range as activity increased around crucial levels.
Highlights of technical analysis
- Path and range: Trading fluctuated by approximately $4,296, with the price hitting a low of $106,391, later testing $110,700 before easing.
- Sell wave: The initial decline saw 19,395 BTC change hands, noted to be 78% above typical activity for that period.
- Rebound impulse: A V-shaped recovery emerged from the low, with a 954 BTC surge assisting in pushing the price through a ceiling near $110,500 before profit-taking occurred.
- Wider cap: The model identifies four rejections at $117,500 since August, establishing a strong ceiling.
Interpretation of patterns
- Buyers active at the level: Frequent responses around $106,400 signal demand, though overhead supply continues to press on rebounds.
- Two-way interest: Accumulation near support has been matched with consistent selling into strength, restraining trade.
- Range behavior: The bounce couldn’t maintain above the upper band, rendering price action range-bound while positions reset.
Support and resistance outline
- Support: Initially at $106,400, followed by $103,000 as a deeper demand area.
- Resistance: $110,700 to $114,500 constitutes the near-term cluster.
- Wider cap: $117,500 remains flagged repeatedly by the model since August.
Volume analysis
- Initial selloff: The first leg down accounted for 19,395 BTC, roughly 78% above average for that timeframe.
- Rebound surge: 954 BTC on the rebound through a nearby ceiling, indicative of aggressive dip buying.
- Post-test: Activity subsided as trading consolidated into a tight band.
Targets and risk assessment
- Should buyers exert pressure: A clear break above the $110,700 to $114,500 cluster redirects attention to the $117,500 cap, and if surpassed, the model’s projections of $120,000 to $123,000 extensions.
- If sellers take control: A fall below $106,400 could expose $103,000; the model also indicates a measured-move risk toward $94,000 to $88,000 if weakness deepens.
- Tactical insight: Amid two-way flows and a tighter band, many traders await a decisive breakout from the current range before committing further.
CoinDesk 5 Index (CD5) context
The CD5 increased from $1,893.76 to $1,920.74, marking a 3.04% total swing during the session. A breakout occurred approximately at 4 a.m. UTC to $1,924.98, with the index sustaining higher lows above the $1,920 threshold.
Community feedback on X
Halloween 2025 coincided with the 17th anniversary of the release of Satoshi Nakamoto’s Bitcoin white paper, prompting advocates to share their thoughts.
The Bitcoin Policy Institute encouraged individuals not to “fear the ghosts of fiat,” presenting bitcoin as a solution to a deteriorating system.
Metaplanet’s Phil Geiger remarked that ignoring bitcoin is “the spookiest thing,” referencing long-term adoption trends.
Bitcoin Magazine shared a Halloween price history revealing bitcoin at $204 in 2013, $6,317 in 2018, $61,318 in 2021, $20,495 in 2022, $70,215 in 2024, and $110,300 in 2025, highlighting long-term gains accompanied by sharp drawdowns, concluding with a HODL message.
Disclaimer: Some sections of this article were generated with the help of AI tools and reviewed by our editorial team to ensure precision and conformity to our standards. For more details, refer to CoinDesk’s complete AI Policy.
