Despite Broad Coin Gains, Bitcoin Could Drop Toward $107K

Bitcoin price outlook: BTC is trading near $111,895 after a modest 0.4% intraday gain; short-term technicals favor further downside toward $111,000–$107,389 if the $111,880 support breaks, while a decisive reclaim of $115,854 would be required to restore bullish momentum.

BTC near short-term support: $111,880 is the immediate level to watch for a potential continuation lower.
Intraday gain of 0.4% contrasts with broader bearish structure after a false breakout at $115,854.
Midterm support cluster lies between $107,389 and $105,000; traders should size risk accordingly.

Bitcoin price outlook: BTC trades at $111,895; watch $111,880 support and $115,854 resistance for next directional clues — follow COINOTAG for updates.

Published: 2025-10-15 | Updated: 2025-10-15 | Author: COINOTAG

What is the Bitcoin price outlook today?

Bitcoin price outlook: BTC is currently trading around $111,895 after a 0.4% gain over the last 24 hours. Technicals on hourly and daily charts point to a higher probability of continued downside unless price reclaims the $115,854 resistance; immediate support sits at $111,880 and deeper midterm support at $107,389.

The prices of the majority of the coins are rising again, according to CoinStats. Market breadth shows modest strength on short time frames, but trend and momentum on longer charts remain cautious.

BTC/USD

The rate of Bitcoin (BTC) has increased by 0.4% over the last day, reflecting a small intraday rebound within a broader corrective move. Volume has not expanded meaningfully around the move, leaving conviction limited.

On the hourly chart, the price of BTC is testing the local support of $111,880. A sustained break below this level would likely open the way toward the $111,000 area within the next 24 hours, given the absence of bullish reversal signals.

On the longer time frame, the main cryptocurrency is retreating after what appears to be a false breakout above the resistance at $115,854. Failure to convert that level into support increases the odds of continuation lower. Traders and risk managers should treat any rallies that fail below $115,854 as tactical shorting or profit-taking opportunities rather than structural bullish entries.

From a midterm perspective the situation remains bearish. The nearest significant zone of interest is around $107,389. If that level is breached, the accumulated downside energy could propel a move toward $105,000. Risk-management, position sizing and stop placement should reflect these technical thresholds.

Bitcoin is trading at $111,895 at press time.

What do technical indicators and market structure suggest?

Short-term indicators (moving averages and momentum oscillators) show limited bullish divergence, while the broader market structure points to lower highs since the false breakout at $115,854. Support and resistance levels are critical: a confirmed break of $111,880 implies further downside; a strong reclaim and hold above $115,854 would be required to change the bias. This view aligns with chart signals observed on TradingView and aggregated pricing from CoinStats.

Frequently Asked Questions

Will Bitcoin drop to $105,000 in the near term?

While a move to $105,000 is not the highest-probability immediate outcome, it is plausible if BTC breaks the midterm support at $107,389 decisively. Traders should monitor volume and confirmation on daily closes to validate such a trend continuation.

How should I set risk levels around current BTC price?

Set stops near the technical levels: consider protective stops below $111,000 for short-term positions and below $107,389 for medium-term longs. Size positions so that a confirmed breach of these levels does not materially impair capital.

Key Takeaways

Immediate support to watch: $111,880 — a break likely leads to a move toward $111,000 and lower.
Critical resistance: $115,854 — reclaiming and holding above this level would shift momentum back to bulls.
Risk management: Use $107,389 and $105,000 as midterm reference points for position sizing and trailing stops.

Conclusion

The Bitcoin price outlook remains tilted toward the downside in the absence of a sustained reclaim of $115,854. Short-term gains are fragile and susceptible to renewed selling if $111,880 fails. Traders should align exposure with clearly defined technical levels and consult market data providers such as CoinStats and charting tools on TradingView for live confirmations. COINOTAG will continue to monitor developments and publish updates as new price action and on-chain data emerge.

Source: https://en.coinotag.com/despite-broad-coin-gains-bitcoin-could-drop-toward-107k-105k-if-key-support-levels-break/