Bitcoin Daily Market Analysis: October 29, 2025
A comprehensive overview of Bitcoin’s performance, technical indicators, and market sentiment over the last 24 hours.
1. Price Action
Bitcoin has experienced a slight downturn in the last 24 hours.
- 24-Hour High: $116,309
- 24-Hour Low: $112,111.00
- Current Price: Approximately $112,576.85
- 24-Hour Percentage Change: -1.13%
- 24-Hour Trading Volume: Approximately $66 billion, representing a significant increase in market activity.
2. Technical Indicators
Technical indicators suggest a period of consolidation and indecision in the market.
- Exponential Moving Averages (EMAs): Bitcoin is currently trading below its 50-day EMA ($113,317) and struggling to hold above its 200-day EMA. The price remains in a consolidation phase between its 100 and 200-day moving averages. There are no immediate signs of a ‘golden cross’ or ‘death cross’ formation.
- Relative Strength Index (RSI): The daily RSI is hovering around the neutral 50 level, indicating indecision among traders.
- Moving Average Convergence Divergence (MACD): While a bullish crossover was noted on Sunday, the MACD is showing signs of weakening momentum as Bitcoin struggles to overcome key resistance. The hourly MACD is currently in the bearish zone.
- On-Chain Data: In the past 24 hours, there have been total liquidations of approximately $234.65 million, with long positions accounting for $157.24 million. Notably, a new wallet associated with Bitmine received a transfer of 27,316 ETH ($108.92 million), and another entity moved 970 BTC ($111 million) to Coinbase.
3. Support and Resistance
Key price levels have been clearly defined by recent trading activity and on-chain data.
- Immediate Resistance: The primary resistance level is between $114,200 and $115,137. A significant resistance barrier is also noted around $117,000, where a large number of investors bought in during the previous all-time high rally.
- Key Support: Immediate support is found around the $112,000 level. A more significant support zone lies at approximately $111,000, which has been a strong area of accumulation.
- Fibonacci Retracement: The price was recently rejected at the 78.6% Fibonacci retracement level of $115,137. The 50% Fib retracement level from a recent swing low to high provides support near $111,500. A deeper correction could target the 61.8% Fibonacci level at $106,453.
4. Fundamental News
Broader market news and institutional activities are influencing Bitcoin’s price.
- ETF and Institutional Activity: Bitcoin and Ether ETFs saw combined inflows of over $480 million, with Ethereum-focused funds notably surpassing Bitcoin in recent inflows. The successful launch of new spot ETFs for Solana (SOL), Hedera (HBAR), and Litecoin (LTC) indicates growing institutional confidence in the broader crypto market.
- Macroeconomic Factors: The market is cautiously awaiting the Federal Reserve’s policy decision, with a widely expected rate cut that could inject liquidity into risk assets like Bitcoin.
5. Social Media and Tweet Activity
Social media sentiment for Bitcoin is currently mixed, reflecting the market’s indecisiveness.
- Overall Sentiment: The general sentiment is neutral to slightly bullish, with an average score of 4.1 out of 5 across social platforms. However, the Crypto Fear and Greed Index points towards a “Fear” sentiment, suggesting investor apprehension.
- Trending Narratives: Trending topics include the new Solana, Hedera, and Litecoin ETFs, and the upcoming Federal Reserve rate decision. On Twitter, Halloween-themed marketing campaigns like #OKXTrickorTreat are generating social engagement.
- Key Influencers: Prominent traders and analysts are expressing divided opinions on Bitcoin’s next move. Some, like Robert Kiyosaki, have reiterated a bullish long-term outlook, stating they would buy more if the price crashes. Crypto analyst Ali Martinez has pointed to the critical importance of the $111,000 support and $117,000 resistance levels.
6. Short-Term Outlook & Forecast
The short-term outlook for Bitcoin remains neutral, with a slight bearish bias as long as it stays below key resistance levels.
- Forecast: Over the next 24-48 hours, Bitcoin is likely to continue consolidating within the range of $111,000 to $115,000. A clear break on significant volume above or below this range will likely dictate the next short-term directional move.
- Bullish Scenario: A sustained move above the $115,137 resistance could see Bitcoin target the next major resistance at $117,000 and potentially push towards the $120,000 psychological level. Renewed institutional inflows into Bitcoin ETFs would support this scenario.
- Bearish Scenario: A failure to hold the $112,000 immediate support could lead to a retest of the critical $111,000 support zone. A break below this level could trigger further downside towards the $108,000 demand area. Increased liquidations of long positions could accelerate a downward move.
This analysis is for informational purposes only and does not constitute financial advice.
Resources: This report is based on publicly available data from financial news websites, cryptocurrency data platforms, and social media feeds.
