What’s next?
The crypto market continues to keep traders on edge as Bitcoin (BTC) hovers near a crucial zone. After a week dominated by bears, Bitcoin is now trading around $105,500, and market participants are asking the same question — what’s next? Will BTC reclaim lost ground toward $109K, or will the bears drag it down to $100K?
Bitcoin Chart
Market Overview
The broader market sentiment remains bearish, with high-time frame indicators still pointing toward weakness. However, a local bottom appears to be forming around $103,500, suggesting that downside momentum might be slowing.
Despite recent selling pressure, Bitcoin’s price action hints at a potential relief rally, especially as short positions begin to unwind. With the weekend approaching, thin liquidity often amplifies volatility, and traders covering shorts could drive BTC toward the $109K resistance zone before fresh short positions start building again.
Technical Outlook
From a technical standpoint, Bitcoin has established a higher low structure on lower time frames such as the H1, indicating that buying interest is returning. A clean breakout above $107,500 could confirm bullish momentum, targeting $109K–$110K in the near term.
However, failure to sustain above $105K might invite renewed selling pressure. If bears regain control, a retest of $100K–$101K is inevitable. Traders should therefore stay alert and wait for confirmation before taking aggressive positions.
Conclusion
While the macro trend remains uncertain, the short-term outlook favors a potential move to $109K as short-covering and profit-booking come into play. Yet, the market remains fragile — any rejection from $106K could quickly flip the bias back toward $100K.
For now, patience and risk management are key. Whether it’s a $109K pump or $100K dump, Bitcoin’s next big move is set to define the tone for the rest of October.
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