According to CoinDesk Research’s technical analysis data model, bitcoin It slid into support, turned back into resistance, and then settled into a tighter range as activity increased around key levels.
Technical Analysis Highlights
- Path and Range: Trading spanned around $4,296, with the price testing a low of $106,391 and then testing $110,700 before turning lower.
- Selling wave: In the first leg down, 19,395 BTC changed hands, which is described as 78% above typical activity for that phase.
- Rebound Momentum: A V-shaped recovery emerged from the low; A burst of 954 BTC helped push the price through a nearby ceiling around $110,500 before profit-taking returned.
- Greater capitalization: the model indicates four rejections from $117,500 since August, which marks a lasting ceiling.
What do the patterns mean?
- Active buyers on shelves: Repeated responses near $106,400 indicate demand, but overall supply remains supported by bounces.
- Two-way interest: Accumulation near support met with continued selling to strengthen, keeping trading limited.
- Range Behavior: The bounce failed to hold above the upper band, leaving the price action range-bound as positions reset.
Support and Resistance Map
- Support: $106,400 first, then $103,000 as deeper demand zone.
- Resistance: between $110,700 and $114,500 as a group in the short term.
- Largest capitalization: $117,500 remains the level that the model has repeatedly marked since August.
Volume image
- Initial sell-off: 19,395 BTC in the first leg down, about 78% above average for that window.
- Bounce Burst: 954 BTC on the pullback through a nearby top, consistent with aggressive buying on dips.
- After Test: Activity cooled as trading compressed into a narrow band.
Objectives and risk framework
- If buyers push: A clear break above the $110,700 to $114,500 group turns the focus to the $117,500 limit and, if cleared, model extensions from $120,000 to $123,000.
- If sellers gain control: a loss of $106,400 exposes $103,000; the model also lists a measured move risk between $94,000 and $88,000 if the weakness worsens.
- Tactical Conclusion: With two-way flows and a narrower band, many traders look for a decisive breakout out of the current range before tilting further.
CoinDesk 5 (CD5) Index Context
CD5 rose from $1,893.76 to $1,920.74, a total swing of 3.04% during the session. A breakout occurred around 4 a.m. UTC at $1,924.98, and the index held higher lows above the $1,920 threshold.
Community reaction on X
Halloween 2025 coincided with the 17th anniversary of the publication of Satoshi Nakamoto’s Bitcoin white paper, and its advocates weighed in.
The Bitcoin Policy Institute urged people not to “fear the ghosts of fiat money,” presenting Bitcoin as an alternative to a failed system.
Metaplanet’s Phil Geiger called ignoring bitcoin “the scariest thing,” a nod to long-term adoption issues.
Bitcoin Magazine published a Halloween price history showing bitcoin at $204 in 2013, $6,317 in 2018, $61,318 in 2021, $20,495 in 2022, $70,215 in 2024 and $110,300 in 2025, underscoring long-term gains with sharp declines and closing with a HODL message.
Disclaimer: Portions of this article were generated with the help of artificial intelligence tools and were reviewed by our editorial team to ensure accuracy and compliance. our standards. For more information, see CoinDesk’s full AI policy.
