Bitcoin dropped after setting a fresh record in early October and now trades around key price lines. The setback forces pension funds, ETF issuers and trading desks to confront sharper odds that coins will be hard to sell and that the next trend is unclear. Late-October action shows the coin near 107.000 – 107.846 dollars as enthusiasm around ETF inflows and lower rates fades.
On 5 October Bitcoin touched 125.689 dollars in one day, but the early “Uptober” cheer soon faded. By the final days of October the coin had lost more than two per cent for the month while changing hands near 107.000 – 107.846 dollars. The slide has shifted the mood away from ETF inflows and bets on lower rates, with its link to other high-risk assets loosening.
Price charts show a clear fight at well-defined bands. The first safety nets sit at 100.000, 106.400 and 107.000 dollars, while ceilings run from 112.000 up to 116.000, with special blocks at 110.500 and 117.000. A clean fall under 107.000 would open the door to a weeks-long slide, chart watchers say.
Price action and technical signals
The tool set flashes warning lights: price has slipped under its 200-day average, the RSI has dipped below thirty at times and the MACD has rolled over, while turnover has dried up or robbed the move of strength. (The 200-day line is simply the mean of the last two hundred closes and it marks the long-term path.) All of those flags plus a bearish tilt in futures and options raise the chance of a deeper pullback unless fresh bids appear.
The choppy tape forces asset managers to wait for calmer levels before they add size, tempering allocation plans until volatility subsides. While the skew toward shorts in futures can speed up forced selling and add extra weight to the offer side, tightening spot liquidity.
The next step hinges on 107.000 dollars: either a firm break under that line or a solid bounce from it will decide whether the market tips into a medium-term fall or regains its stride. Desks and product teams should treat 107.000 as the trip wire for risk and cash-flow plans.
