NewsBTC
30 October 2025
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Bitcoin Price Drops Below $112,000 Amid Bearish Market Trends

Bitcoin's price is showing signs of a downward correction, trading below key resistance levels.

  • BTC started declining below the $112,000 support level.
  • The price is under $112,000 and the 100 hourly Simple Moving Average.
  • A bearish trend line with resistance at $111,500 is forming on the BTC/USD hourly chart.
  • If BTC trades below the $108,800 zone, further declines are possible.

Current Price Movement

Bitcoin failed to maintain above the $113,500 pivot, dipping below $112,500 and entering a bearish zone. It has breached the 61.8% Fib retracement level from the $106,718 low to the $116,310 high. The immediate resistance is at $111,500, with significant resistance at $112,000.

Bitcoin Price

If BTC surpasses $112,500, it could test $113,200 and potentially reach $115,000-$115,500. Otherwise, failure to rise past $112,500 could lead to more losses.

Potential Further Declines

  • Immediate support is around $110,000.
  • Main supports are at $108,800 and $108,000.
  • Further dips might target support at $106,500 or $103,500.

Technical Indicators:

  • Hourly MACD: Gaining pace in the bearish zone.
  • Hourly RSI: Below 50.
  • Key Support Levels: $108,800, $108,000.
  • Key Resistance Levels: $111,500, $112,000.