Bitcoin May Fall Below $107,000 Support

The price of Bitcoin has twice dropped to its October 10 low of $103,000. BTC price analysis by Coinidol.com.

Bitcoin price long-term prediction: bearish

On October 12, buyers pushed the Bitcoin price above the moving average lines, but were halted by the 21-day SMA barrier at the $116,000 high.

However, Bitcoin’s rejection at the $116,000 high caused it to fall back to its previous low of $103,000, where the bulls bought the dips. The cryptocurrency is now rising above the $106,000 support level once again. The largest cryptocurrency is currently trading at $107,720. If the bears breach the $107,000 support, the Bitcoin price could fall to $100,000.

In contrast, if the $107,000 support holds, the BTC price will be forced to move within a range above it. At present, Bitcoin is steadily advancing, approaching the moving average lines.

Technical indicators       

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  Key supply zones: $120,000, $125,000, $130,000

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  Key demand zones: $100,000, $95,000, $90,000

BTC price indicators analysis

The BTC price has two long candlestick tails extending across the $104,000 support, indicating significant buying demand at this level. On the daily chart, the price bars are below the horizontal moving averages. On the 4-hour chart, the price bars are below the downward-sloping moving average lines, indicating the current decline.

BTC/USD daily chart – October 18, 2025

What is the next move for BTC?

Bitcoin’s price has fallen to $103,000 for the second time. The price is oscillating in a narrow range above the $104,000 support and below $116,000. The cryptocurrency is climbing above its current support of $104,000. The upward movement is limited by the 21-day SMA barrier. Bitcoin will resume its bullish ascent if buyers keep the price above the moving averages.

BTC/USD 4-hour chart – October 18, 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.