Key factors:
Bitcoin stabilizes into the weekend, however market sentiment is something however relaxed in regards to the outlook.
BTC worth forecasts more and more characteristic sub-$100,000 ranges.
RSI indicators nonetheless level to a rebound — one thing extra seemingly if shares head larger 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 Pro and TradingView confirmed cooling BTC worth volatility into the weekend.
This gave bulls some much-needed reduction after a 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 traces up properly throughout the board for an additional wave down,” dealer Crypto Tony wrote in an X post on the day.
“Bitcoin i see us dropping to $95,000, presumably testing the $91,000 area earlier than we discover a backside.”
Crypto Tony described even the sub-$100,000 state of affairs as a “bullish” state of affairs.
Fellow buying and selling account Daan Crypto Trades nonetheless noticed calmer situations lasting till the weekly candle shut.
“BTC did an excellent job recovering some floor on Friday earlier than the CME shut. This makes it so we’re more likely to stick round this ~$107K degree through the weekend,” it told X followers.
The submit flagged $105,000 as the important thing close by help degree to carry, with crypto due for a extra vital rebound if shares led the best way 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 anticipate larger tariffs on China to final helped equities stabilize, whereas gold got here off its newest all-time highs.
Can RSI ship a BTC worth bounce?
As Cointelegraph reported, one other encouraging signal for Bitcoin got here within the type of relative power index (RSI) values.
Associated: $120K or end of bull market? 5 things to know in Bitcoin this week
With each 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 worth made new native lows, RSI sought a better low, indicating that sell-side stress was declining under $110,000.
This led some to level out a battle between bullish main indicator information 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 Fear & Greed Index hit 22/100 Friday, marking its first journey into the “excessive concern” zone since April.
This text doesn’t include funding recommendation or suggestions. Each funding and buying and selling transfer includes danger, and readers ought to conduct their very own analysis when making a call.
