Main Highlights
- Bitcoin (BTC) shows price stabilization around $107,000, but market sentiment remains cautious about future trends.
- Many Bitcoin price forecasts are now pointing towards levels below $100,000.
- Relative Strength Index (RSI) indicators suggest a potential rebound, especially if equity markets trend upwards.
Bitcoin (BTC) was trading near the $107,000 mark on Saturday, as traders prepared for the possibility of further price declines. The cryptocurrency experienced a significant downturn during the previous week, with the BTC/USD pair dropping approximately 7%. Now trading at multi-month lows, the pair faces challenges due to a lack of strong buyer demand and ongoing macroeconomic shifts, leading some analysts to predict even lower prices in the short term. 💡
Bitcoin’s Strength Below $100,000 Under Scrutiny
Data from <a href=https://subscription.cointelegraph.com/?_gl=1enpnlb_gaMTE3NDE3MjgzMC4xNzE1NjcwODE1_ga_53R24TEEB1*MTc0NDcyNDI2NS40MS4xLjE3NDQ3MjQyNjkuNTYuMC45MTY3MzAwMzI. title=null rel=nofollow noopener noreferrer target=_blank>Cointelegraph Markets Pro and TradingView indicated a decrease in Bitcoin price volatility as the weekend began. This period of reduced movement offered some respite to bulls after a challenging week. 📊
Current price action suggests a potential for further downside. Trader Crypto Tony expressed a bearish outlook, anticipating a drop to $95,000, with a possible test of the $91,000 area before a bottom is established. Crypto Tony even described the sub-$100,000 scenario as potentially bullish if it marks a floor. ⚡
Another trading account, Daan Crypto Trades, suggested that calmer conditions might persist until the weekly candle closes. They highlighted $105,000 as a crucial support level to watch. A more significant rebound for cryptocurrency prices could occur if equity markets show strength in the coming week. ✅
The S&P 500 closed Friday at 6,664, recovering about half of its prior week’s losses. Positive news regarding tariffs on China from US President Donald Trump contributed to stock market stabilization, while gold saw a pullback from its recent all-time highs. 📌
Potential BTC Price Bounce from RSI Signals
The Relative Strength Index (RSI) for Bitcoin has also presented potentially encouraging signals. As previously reported, daily RSI values have reached their lowest point since April, a period when BTC/USD saw a significant drop to $75,000. 📍
On the four-hour chart, a bullish divergence is becoming apparent. This occurs when the price makes lower lows while the RSI forms higher lows, suggesting that selling pressure is diminishing below the $110,000 level. 💡
This divergence between positive leading indicator data and prevailing bearish market sentiment has been noted by market observers. One trader highlighted that BTC has confirmed bullish divergence on multiple timeframes, despite extremely depressed sentiment. ⚡
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 Ive ever seen 🤔 pic.twitter.com/imvSXgSgsh
— 🀄Kriesz🀄 (@_Kriesz_) October 17, 2025
The Crypto Fear & Greed Index also reflected this sentiment, falling to 22/100 on Friday, entering the extreme fear zone for the first time 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.
Fundfa Insight
The current Bitcoin market shows a dichotomy between cautious sentiment and potential technical indicators suggesting a near-term recovery. While forecasts lean towards lower prices, strong RSI divergences could signal a turning point if broader market conditions, particularly in equities, improve.