16 Oct 2025
Bitcoin is currently pumping into new all-time record highs, approaching a bullish price target while significant liquidity builds above its price, signaling a potential short squeeze. Meanwhile, Ethereum is poised to test its all-time highs, though some altcoins like Solana still flash short-term warning signals.
Bitcoin is currently at new all-time record highs, having confirmed the highest weekly candle close on record, surpassing previous highs. The technical price target for its current breakout is between $126K to $127K, an area that has been targeted since prices were around $117K to $118K.
A previous bearish divergence on the weekly Bitcoin chart, which led to a cooling off period in momentum from July through September, has now been temporarily invalidated. However, a potential new bearish divergence could form if the price continues higher while the weekly RSI forms lower highs. Another short-term bearish divergence technically confirmed approximately a day ago but is also being temporarily invalidated as prices form new higher highs while the RSI still shows lower highs; these divergences often lead to minor pullbacks rather than trend reversals.
The super trend indicator remains green, confirming a larger bull market. A bullish crossover in the 3-day Bitcoin MACD indicates increasing bullish momentum, historically followed by significant bullish price action. A W pattern (double bottom) and a hidden bullish divergence are actively playing out, further supporting the bullish trend.
October is historically the most bullish month for Bitcoin and crypto, with the biggest gains often seen in October and November. This seasonality aligns with the current market breaking all-time highs and gaining bullish momentum, further indicating an upward trajectory.
Significant liquidity is building above Bitcoin's price, particularly around $126K to $126.4K, indicating the likelihood of another short squeeze. Despite the pump, futures market funding rates suggest a higher demand to short Bitcoin, meaning many traders are still second-guessing the bullish move. These liquidated short positions are forced to buy Bitcoin to close, inadvertently adding rocket fuel to the price pump.
A long Bitcoin position initiated at $110K has yielded substantial profits, with partial profits secured by slightly reducing the trade size and moving the stop-loss order further into profit. This strategy protects against downside risk in a worst-case scenario while maintaining exposure to further upside potential, as the overall outlook for Bitcoin remains bullish.
Bitcoin dominance is currently experiencing a short-term bullish relief, indicating that many altcoins will either perform similarly to Bitcoin or slightly underperform it in the coming days or weeks. This dynamic suggests that a massive altcoin season is unlikely in the immediate future, with Bitcoin leading the market.
Ethereum is currently following Bitcoin's lead, nearing a test of its all-time highs, likely between $4.8K to $4.9K, with a strong possibility of setting new all-time records very soon. Short-term resistance lies between $4680 to $4720, and a breakout in the 8-hour RSI above previous highs would invalidate any bearish divergence, reinforcing bullish momentum.
Solana is approaching resistance between $250 to $260 after breaking above $230, with further resistance around $270. A move towards $290 to $300 is expected if these resistances are overcome. The long-term trend remains very bullish with higher lows and higher highs, though a short-term bearish divergence (higher highs in price, lower highs in RSI) is still forming, which could be invalidated by an RSI breakout.
A large bearish divergence predicted months ago for XRP, which led to a cool-off period, has played out. Bitcoin's recent rally has increased the probability of XRP invalidating its larger weekly bearish divergence, rendering it less reliable. XRP is currently consolidating within a sideways range between $2.70-$2.80 support and $3.10-$3.15 resistance, with a possible W pattern targeting $3.55 if it confirms a breakout above $3.15 with a daily candle close.
Chainlink is following Bitcoin's bullish move, breaking above $22-$23 and likely heading towards the next major resistance around $25, an area with multiple previous rejections. Support is expected at roughly $22 and strong support between $19-$20. A potential massive inverse head and shoulders pattern is forming, which could lead to a larger bullish pattern if a rejection from $25 occurs.
Bitex and Tubbit are recommended crypto exchanges for trading, offering significant trading deposit bonuses and trial funds for users who sign up through provided links. Both are no-KYC exchanges, accessible globally, though users should always check their local regulations when trading crypto.
October is historically the most bullish month for Bitcoin, aligning with the current breaking of all-time highs and picking up bullish momentum, which collectively points to sustained upward movement.
| asset | current_status | key_indicators | outlook | price_targets_resistance | support |
|---|---|---|---|---|---|
| Bitcoin (BTC) | Pumping into new all-time highs | Super trend (green), 3-day MACD (bullish crossover), RSI (lower highs forming potential bearish divergence), W pattern, hidden bullish divergence, high liquidity above price | Overall very bullish, continued all-time high breakout expected, fueled by short squeezes and historical October/November seasonality. Occasional short-term pullbacks are normal, not trend reversals. | $126K - $127K | N/A |
| Ethereum (ETH) | Nearing all-time highs | 3-day chart following Bitcoin, 8-hour RSI breaking out potentially invalidating bearish divergence | Expected to test and potentially break new all-time highs very soon, playing catch-up to Bitcoin's lead. | $4.8K - $4.9K (ATH) | $4680 - $4720 (short-term) |
| Solana (SOL) | Approaching previous highs | Bearish divergence (higher highs in price, lower highs in RSI) still forming, but potential RSI breakout to invalidate | Bullish long-term trend, likely to continue upward movement towards next resistances. Performance is highly influenced by Bitcoin. | $250 - $260, $270, $290 - $300 | N/A |
| XRP | Sideways price range | Weekly bearish divergence (now less reliable), possible W pattern / double bottom | Bitcoin's bullishness increases the probability of invalidating XRP's larger bearish divergence. Expect a test of resistance, with a breakout targeting higher levels. | $3.10 - $3.15, $3.30 - $3.35, $3.55 (W pattern target) | $2.70 - $2.80, $2.93 - $2.94 |
| Chainlink (LINK) | Short-term bullish move, breaking out | Potential massive inverse head and shoulders pattern forming | Following Bitcoin, likely to continue upward towards next major resistance. | Around $25 | Around $22, $19 - $20 |
| Bitcoin Dominance | Slight bullish relief | N/A | Many altcoins will likely perform similarly to or slightly underperform Bitcoin in the short term; a massive altcoin season is not expected in the immediate future. | N/A | N/A |
