Bitcoin Halloween Horror: BTC Plunges Below $110K - Weekend Rally Incoming?
BITCOIN'S SPOOKY SURPRISE: HALLOWEEN 2025 DELIVERS $110K BREACH
The Ghost in the Machine
Bitcoin investors got more trick than treat as the flagship cryptocurrency dipped below the critical $110,000 threshold. Market watchers held their breath while institutional players scrambled to reposition portfolios.
Weekend Whiplash Potential
Historical patterns suggest weekend pumps often follow dramatic mid-week drops. The current volatility mirrors classic bull market corrections where sharp recoveries catch hesitant traders off guard.
Technical indicators flash conflicting signals as derivatives markets show heightened put activity. Retail FOMO could ignite rapid price appreciation if momentum shifts positive during low-liquidity weekend trading hours.
Another day, another chance for crypto to remind everyone that traditional valuation models remain as useful as a screen door on a submarine.
Bitcoin (BTC/USD) Technical Setup Hints at a Breakout
On the 4-hour chart, Bitcoin price prediction remains bearish as BTC is bouncing from its lower trendline, where a bullish engulfing candle suggests renewed buying pressure. Still, the 50-day EMA ($111,240) remains below the 200-day EMA ($112,685), keeping the short-term bias neutral to slightly bearish.
The RSI at 46 has turned upward from oversold conditions, showing early signs of recovery. However, repeated spinning top candles indicate hesitation as bulls and bears battle for control. Price movement within this symmetrical triangle points to a volatility spike ahead, likely within days.
- Resistance: $112,000, $116,300, $119,700
- Support: $106,300, $103,400, $100,200
Weekend Forecast: Range or Reversal?
If BTC clears the $112,000 resistance with volume confirmation, traders could see a short-term rally toward $116,000–$119,000. However, a break below $106,300 risks a deeper slide toward $103,400.
Many traders expect a potential “weekend pump”, a pattern often seen after major selloffs when thin liquidity triggers sharp rebounds. With broader liquidity expected to expand following the Fed’s latest policy pivot, bitcoin could soon define its November direction.
For now, a long position above $112,000 remains favorable for bullish traders, while caution is advised until a confirmed breakout forms. Whether this Halloween dip turns into a treat or another trick may depend on how Bitcoin reacts as volatility returns to the market.
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