**Market Update: October 22, 2025 at 7:15 PM EST**
Crypto markets experience rapid fluctuations, and short-term shifts can impact prices significantly. The following information reflects current market conditions and should not be considered investment advice.
Bitcoin (BTC) is currently trading around a pivotal support level after failing to reclaim the 20-day EMA. Closing at $108,362, the coin is now near $107,410 (-0.9%), just below its 200-day EMA around $109,1K.
A descending-wedge pattern has formed between 114K and 106K, leading to suppressed volatility and suggesting a potential breakout when volume increases. Momentum across timeframes has faded: the daily RSI has dropped to 43, while MACD shows a bearish crossover with no positive divergence. The 4-hour chart reflects lower highs and weak follow-through, indicating a lack of conviction among buyers above $110K. Meanwhile, volatility (HV10 ≈ 26) remains relatively muted, creating conditions for a sharp move when direction clarifies.
Key levels to watch include support at 106.7K → 105.3K → 102.9K and resistance near 109.9K → 111.8K → 114K. A daily close above $109.9K would signal momentum re-entry and potential retesting of the EMA20 zone around 111–112K. Conversely, a drop below $106.7K could extend selling toward the psychological $105K level and potentially $102K.
Overall, technical analysis remains bullish on the macro horizon but fragile in the short term.
Source: CryptoMarketDarts (https://cryptomarketdarts.com)
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