According to CoinDesk Research’s technical analysis data model, bitcoin slid into support, bounced back into resistance, then settled into a narrower range as activity picked up around key levels.
Technical analysis highlights
- Path and Range: Trade extended around $4,296, with price testing a $106,391 low and later testing $110,700 before easing.
- Selling wave: The first leg lower saw 19,395 BTC changed hands, described as 78% above typical activity for that phase.
- Rebound impulse: A V-shaped recovery emerged from the low; a 954 BTC breakout helped drive the price through a nearby ceiling around $110,500 before profits returned.
- Bigger cap: The model notes four declines from $117,500 since August, marking a durable ceiling.
What the patterns mean
- Buyers active on shelf: Repeated responses near $106,400 indicate demand, but overhead supply continues to lean on rebounds.
- Two-Way Interest: Accumulation near support met constant selling to strength, keeping trading limited.
- Range behavior: The rejection did not hold above the upper band, leaving price action range bound while positions are reset.
Support and resistance chart
- Support: $106,400 first, then $103,000 as a deeper demand zone.
- Resistance: $110,700 to $114,500 as the short-term cluster.
- Bigger ceiling: $117,500 remains the level the model has marked repeatedly since August.
Volume image
- Initial sale: 19,395 BTC on first leg down, about 78% above average for that window.
- Rebound burst: 954 BTC on push-back through a nearby ceiling, consistent with aggressive dip buying.
- After the test: Activity cooled as trade compressed into a tight ribbon.
Objectives and risk framing
- If buyers press: A clean break above the $110,700 to $114,500 cluster turns focus to the $117,500 ceiling and, if cleared, the model’s $120,000 to $123,000 extensions.
- If sellers gain control: A loss of $106,400 reveals $103,000; the model also shows a measured move risk towards $94,000 to $88,000 if weakness strengthens.
- Tactical Takeaway: With two-way flow and a narrower band, many traders are looking for a decisive break out of the current range before leaning harder.
CoinDesk 5 Index (CD5) 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 UTC at $1,924.98, with the index holding higher lows above the $1,920 mark.
Community response to X
Halloween 2025 coincided with the 17th anniversary of the release of Satoshi Nakamoto’s Bitcoin white paper, and advocates weighed in.
The Bitcoin Policy Institute urged people not to “fear the specters of fiat,” framing bitcoin as an alternative to a failing system.
Metaplanet’s Phil Geiger called ignoring bitcoin “the scariest thing,” a nod to long-term adoption themes.
Bitcoin Magazine posted 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 with a long-term draw and an underscoring. HODL message.
Disclaimer: Portions of this article were generated with the help of AI tools and reviewed by our editorial staff to ensure accuracy and compliance with our standards. For more information, see CoinDesk’s full AI policy.
