Bitcoin Analysis for October 15, 2025

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Bitcoin Analysis for October 15, 2025

Over the last three months, Bitcoin has been trading within a range-bound state due to trader indecision and conservatism driven by political events and persistent overbought conditions.
 

Consequently, the asset has yet to establish a clear directional trend. On long-term timeframes, such as the weekly chart, the overall trend remains bullish. However, for the upward trajectory to continue, technical signals indicating the formation of a price peak must first be invalidated.
 

Buyers have made unsuccessful attempts to breach the significant resistance level of $123,000 over the past two weeks, which ultimately resulted in last week's candle closing with a bearish sentiment.
 

Currently, the cryptocurrency market is stagnant, lacking a strong catalyst for growth. As the market leader, Bitcoin finds itself confined between two pivotal levels: the key resistance at $123,000 and the critical support at $108,500.
 

An analysis of these boundaries is crucial for future outlooks. Given the overbought conditions and a notable divergence between the price and the RSI indicator, a correction is likely as long as the key resistance level of $123,000 holds.
 

Conversely, in a bullish scenario, the first positive signal would be a decisive break above the $116,000 resistance level. Should this occur without the intervention of negative fundamental factors, buyers would likely attempt to capture the key resistance at $123,000.
 

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