The Bitcoin price has fallen between the moving average lines after being rejected at the $116,500 high. A detailed analysis of BTC price by Coinidol.com.
BTC price long-term prediction: bearish
On October 26, buyers pushed the price above the moving average lines but could not sustain bullish momentum. The Bitcoin price is declining after being rejected twice at the $116,000 barrier. The cryptocurrency is currently trading between the 21-day SMA support and the 50-day SMA resistance. The BTC price will trend when either the 21-day SMA support or the 50-day SMA is breached.
Bitcoin will decline to the critical support level above $107,000 if support fails. At present, the BTC price is trading in the middle of the price range. Today, Bitcoin is valued at $112,790 at the time of writing.
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 Bitcoin price is caught between the moving average lines and is likely to oscillate between them for a few days. The long candlestick wicks on 27 and 28 October indicate significant selling pressure at the recent high. On the 4-hour chart, the price is positioned between the upward-sloping moving average lines.
BTC/USD daily chart – September 28, 2025
What is the next move for Bitcoin?
Bitcoin’s price is currently trading above the $106,000 support level but below $116,000. On the 4-hour chart, buyers have pushed the price above the moving average lines. Bullish momentum was rejected twice at $116,000, and the price fell below the 21-day SMA support. The current price range is expected to hold for the next few days.
BTC/USD 4-hour chart – September 28, 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.