Bitcoin fell to a low of $103,300 on October 10, but bulls quickly bought the dips. The largest cryptocurrency recovered above the $110,000 support level and resumed its upward correction, as Coinidol.com reports.
Bitcoin (BTC) price long-term prediction: bearish
Now, the BTC price has reversed upwards to a high of $115,540, breaking above the 21-day SMA. In other words, BTC is trading above the 21-day SMA support but below the 50-day SMA resistance.
Bitcoin’s trend will depend on whether it breaks below the 21-day SMA support or above the 50-day SMA. If the 50-day SMA is crossed, Bitcoin will likely return to its previous peak of $126,110. If the bullish scenario is invalidated, Bitcoin will continue to move between the moving averages. Bitcoin is currently at $115,540.
Technical indicators
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Key supply zones: $120,000, $125,000, $130,000 -
Key demand zones: $100,000, $95,000, $90,000
Bitcoin price indicator analysis
The price of Bitcoin has risen, but it is now trading between the horizontal moving average lines. Bitcoin has a long candlestick tail that bounced above the $103,000 support level. The extended candlestick tail indicates strong buying pressure above the $103,000 support.
It is currently positioned between the 21-day and 50-day moving averages. On the 4-hour chart, BTC is trading above the 21-day SMA support but below the 50-day SMA resistance.
BTC/USD daily chart – October 14, 2025
What is the next move for Bitcoin?
Bitcoin’s price has recovered above the $110,000 support level and is now trending upwards. After breaking above the 21-day SMA barrier, the upward correction has halted. The Bitcoin price is being rejected at the $116,000 high. Bitcoin will resume its bullish ascent if it overcomes this initial obstacle and buyers keep the price above the moving average lines.
BTC/USD 4-hour chart – October 14, 2025
Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coinidol.com. Readers should do their research before investing in funds.