Oct 17, 2025
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Bitcoin Faces Key Bullish Window on October 31, Analyst Warns
Bitcoin has dropped below the three-day Ichimoku cloud support, signaling potential challenges for bulls. Market analyst Dr Cat highlights this as a significant warning but notes that further declines may not be straightforward due to the thick cloud, which could cause volatile movements.
Key Points
- The weekly Kijun Sen levels are critical: $105,700 this week and $109,559 next week.
- A close above $113,000 would reduce immediate bearish risks.
- Short-term bearish triggers include a retest of lows after October 13, with stronger signals if they occur post-October 19 or 26.
- A bull breakout opportunity aligns with the Chikou Span on October 31, contingent on price stability around key support levels.
The market is guided by these checkpoints leading up to October 31, when a chance for a bullish move might emerge. As of now, Bitcoin's price stands at $111,479.
