October Ended Up Empty, Bitcoin Still Can't Find Its Direction! Analyst: "These Levels Are Very Critical, They Must Be Monitored Closely!"
Leading cryptocurrency Bitcoin (BTC) experienced sharp declines in October, known as the historically bullish month.
At this point, although Bitcoin has risen today, it has continued to decline despite its traditional upward trend in October and is still looking for direction.
Analyst James Van Straten said that Bitcoin continued to struggle in October, which is known as one of the strongest months in history.
The analyst noted that Bitcoin is moving sideways between its 200-day and 365-day simple moving averages (SMA), adding that the $103,000 support level is critical.
Stating that the 200-day SMA has mostly served as support for Bitcoin since the 2023 cycle began, the analyst stated that when this level cannot be held, the 365-day SMA acts as secondary support.
Stating that the 365-day SMA is located at $100,367, the analyst said that Bitcoin is stuck between the 200 and 365-day SMAs.
“While investors generally expect a price increase in October, market sentiment has so far failed to meet those hopes.
BTC consolidated between the 200-day SMA of $107,846 and the 365-day SMA of $100,367.
This is the fourth time this cycle that Bitcoin price has been stuck between these two averages, and this sideways trend could last for months.
The analyst also noted that the 200-day SMA is often used as a dividing line between bull and bear markets, saying, “Breaking above the 200-day SMA is the key to a short-term recovery and trend reversal. However, if it fails to break above this line, a prolonged sideways movement is likely to continue.”
The analyst recently noted that key levels to watch for Bitcoin include $103,509 (2025 investor cost basis), $100,000 (psychological basis), and $112,100 (short-term cost basis).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Zcash News Today: Meme Coin Magic: Investors Transform Profits Into AI Fortunes
- Investors are shifting meme coin profits to AI ventures, dubbed the "Ozak Flip," blending speculation with tech innovation. - Zcash (ZEC) surged near $600 ahead of its OKX re-listing, acting as a bridge between volatile crypto liquidity and AI projects. - C3.ai's 35% stock surge follows Microsoft partnerships and enterprise AI adoption, though earnings forecasts remain mixed. - Market parallels emerge in speculative assets like Belpointe PREP and Nutanix , highlighting risks and long-term potential in hi
YFI Drops 48.18% Over the Past Year as Overall Market Conditions Worsen
- YFI dropped 48.18% annually as of Nov 29, 2025, with 12.02% monthly losses amid broader crypto market weakness. - Lack of project updates, partnerships, or regulatory changes left YFI's price directionless, driven solely by macroeconomic trends. - Analysts warn continued downward pressure until concrete developments emerge to restore investor confidence in the token. - Market consolidation and risk-averse investor behavior further suppress YFI, which remains below key psychological price levels.
Amid Investigation, Major Crypto Firms Contribute $32 Million to Hong Kong Fire Recovery Efforts
- Binance and crypto firms donated HK$32 million to aid Hong Kong fire victims, marking the industry's largest disaster relief effort. - The deadly Tai Po blaze killed 128 people, sparking debates over unsafe bamboo scaffolding and building safety reforms. - Crypto donations highlight the sector's growing humanitarian role, supported by Hong Kong regulators and public sentiment. - Funds will address immediate rescue needs and long-term reconstruction, reinforcing crypto firms' image as socially responsible
Silicon Valley's surge in baby technology faces challenges related to affordability, ethical concerns, and unequal access
- Silicon Valley's AI-driven biotech sector is accelerating growth in the U.S. artificial insemination market, projected to expand from $0.76B to $1.41B by 2033. - Financial barriers persist as limited insurance coverage forces patients to pay full treatment costs, hindering market accessibility according to 2025 analysis. - Tech giants like Synopsys and ABVC BioPharma are advancing AI tools and domestic pharmaceutical development to optimize reproductive technologies and supply chains. - Fertility clinics
Trending news
MoreCrypto prices
More
