NewsBTC
Oct 17, 2025
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Bitcoin Falls Below $108,000 as Bearish Trend Persists

Bitcoin is experiencing a downward trend after failing to surpass the $113,000 resistance. It currently trades below $110,000 and the 100 hourly Simple Moving Average.

  • A bearish trend line has formed with resistance at $110,500 on the BTC/USD hourly chart.
  • The price dipped below $108,000, with a low of $107,483, consolidating below the 23.6% Fib retracement from $115,975 to $107,483.
  • Immediate resistance lies near $109,500, with key resistances at $110,000 and $110,500. A breakthrough above these could lead to testing $111,800 or higher.
  • If Bitcoin fails to rise above $110,000, it may face further declines. Key supports are at $108,000, $107,500, and potentially down to $105,500 or $103,200.

Technical Indicators:

  • Hourly MACD: Gaining pace in the bearish zone.
  • Hourly RSI: Below the 50 level.
  • Major Support Levels: $108,000, $107,500.
  • Major Resistance Levels: $110,000, $110,500.

Bitcoin Price