According to CoinDesk Research’s technical analysis data model, Bitcoin slid to support, returned to resistance, then stabilized in a tighter range as activity increased around key levels.
Technical Analysis Highlights
- Trajectory and Range: Trading lasted around $4,296, with the price reaching a low of $106,391 and later testing $110,700 before easing.
- Selling Wave: The first lower stage saw 19,395 BTC change hands, described as 78% above typical activity for this phase.
- Rebound impulse: V-shaped recovery emerged from the low; a 954 BTC explosion helped push the price to a near high around $110,500 before profit-taking returned.
- Bigger cap: The model notes four rejections of $117,500 since August, marking a sustainable cap.
What do the patterns mean
- Active Shelf Buyers: Repeat responses near $106,400 indicate demand, but overhead supply continues to rely on rebounds.
- Two-Way Interest: Accumulation near support was accompanied by steady strong selling, keeping trading limited.
- Range Behavior: The bounce failed to stay above the upper band, leaving price action rangebound as positions reset.
Support and resistance map
- Support: $106,400 first, then $103,000 as a deeper demand zone.
- Resistance: $110,700 to $114,500 as a short-term cluster.
- Larger cap: $117,500 remains the level the model has reported repeatedly since August.
Volumetric image
- Initial sale: 19,395 BTC during the first leg of the decline, approximately 78% above the average for this window.
- Bounce Burst: 954 BTC on push to near high, consistent with aggressive buying on the dip.
- After the test: Activity cooled as trading compressed into a narrow band.
Objectives and risk framing
- If buyers press: A clear break above the $110,700-$114,500 cluster draws attention to the $117,500 ceiling and, if breached, the $120,000-$123,000 extensions of the pattern.
- If the sellers take control: a loss of $106,400 exposes $103,000; The model also lists a measured upside risk towards $94,000 to $88,000 if weakness deepens.
- Takeaway: With two-way flows and a narrower band, many traders look for a decisive breakout out of the current range before leaning harder.
CoinDesk Index 5 (CD5) Background
CD5 rose from $1,893.76 to $1,920.74, a total change of 3.04% during the session. A breakout occurred around 4am UTC at $1,924.98, with the index now holding higher lows above the $1,920 threshold.
Community reaction to X
Halloween 2025 coincided with the 17th anniversary of the publication of Satoshi Nakamoto’s Bitcoin white paper, and advocates have spoken out.
The Bitcoin Policy Institute has urged people not to “fear the ghosts of fiat,” presenting 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 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, highlighting long-term gains with sharp declines and ending with an HODL message.
Disclaimer: Portions of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance. our standards. For more information, see CoinDesk Comprehensive AI Policy.
