16 Oct 2025
Bitcoin potentially repeats history by forming a new signal and fresh liquidity, revealing its likely next move very soon. Meanwhile, Ethereum struggles at a major retest area, while Solana and XRP manage to hold their crucial price chart levels.
The cryptocurrency market exhibits key signals, with Bitcoin potentially repeating historical patterns, new liquidity forming below its price, and major altcoins like Ethereum, Solana, and XRP currently retesting or holding crucial price levels.
The Super Trend indicator on the weekly Bitcoin chart remains green, signifying a larger bull market, but a massive bearish divergence is active, suggesting a larger cool-off or setback similar to past occurrences, which does not necessarily confirm the end of the bull market.
Bearish momentum is accelerating on the 3-day Bitcoin chart, moving further away from a possible bullish crossover, which historically leads to additional bearish price action.
Bitcoin holds a crucial daily support area between 106.7K and 107.6K; a break below this would create a lower low and a bearish price structure. Resistance is expected around 110K-111K, further at 113K-114K, and major resistance near 117K.
The 4-hour Bitcoin chart indicates a short-term bearish trend since the price broke below 114.5K. Although a bullish divergence is forming, it lacks significant confirmation for opening long positions, and the price is expected to show choppy sideways action and stabilization.
New liquidity is building just above 108K (108.1K-108.2K), making a slight dip possible to capture this liquidity. While the RSI forms higher lows, potentially creating another bullish divergence, these often result in a slight relief rather than a massive trend reversal. The price is predicted to continue stabilizing with sideways action for at least another day.
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A short-term bullish divergence in Bitcoin dominance suggests a slight relief for Bitcoin, implying that many altcoins will likely slightly underperform Bitcoin or perform similarly over the next one to two weeks, without a significant altcoin season materializing.
Ethereum is critically holding a crucial support area between 3.9K and 4.1K on the 3-day timeframe. A confirmed break below 3.9K, especially with a 3-day or weekly candle close, would signal a significant bearish shift in price structure for multiple months.
On the 8-hour chart, Ethereum shows a short-term bearish trend, forming lower highs and lows, and is retesting a previous important support area (4060-4.1K) as potential new resistance. A breakout above 4.1K would suggest a bullish relief towards 4.2K-4250, while current price action helps reset an oversold RSI, potentially allowing for more downside later.
Solana is perfectly bouncing from the 190-200 support zone on the 2-day timeframe. A confirmed daily or two-day candle close below 190 would signify a major bearish change for its larger price structure. Resistance levels are expected around 215 and 230.
Solana's 12-hour RSI previously reached oversold levels, leading to an expected stabilization or slight relief to reset the indicator. A massive high-momentum upward movement is not anticipated, but a modest bounce from the bearish price action is likely as the RSI exits oversold territory.
A larger bearish divergence on the weekly XRP chart, predicted months ago, continues to play out, indicating a prolonged cool-off or pullback. On the daily chart, XRP holds crucial support between 2.70 and 2.80; a sustained break below 2.70 could lead to moves towards 2.40-2.50 or the lower $2 range.
XRP is expected to continue holding its current support level in the short term, likely exhibiting a slight relief or choppy sideways action, mirroring Bitcoin's immediate price movements, but still lacking significant bullish momentum for a massive bounce.
Chainlink remains within a bearish price structure, having confirmed lower highs and lows, and found support between 19 and 20 after breaking below 22. Resistance is expected between 22 and 22.30. A break below 19-20 could lead to 17.50, and then a crucial support area between 15.10 and 15.60. Chainlink is also expected to show a slight relief or minor bounce without strong bullish momentum.
A bullish divergence does not always result in a massive bullish trend reversal; sometimes it just results in a slight bullish relief.
| Coin | Trend/Signal | Key Support | Key Resistance | Short-term Expectation |
|---|---|---|---|---|
| Bitcoin | Weekly Bearish Divergence (Cool-off likely) | 106.7K-107.6K | 110K-111K, 117K (major) | Stabilization, choppy sideways action; potential dip to 108.1K liquidity |
| Ethereum | Short-term Bearish Trend | 3.9K-4.1K (crucial) | 4060-4.1K (retesting as resistance) | Struggling at resistance; break below 3.9K would be highly bearish |
| Solana | Bearish Divergence active (12-hour) | 190-200 (bouncing) | 215, 230 | Stabilization, slight relief from oversold RSI; break below 190 highly bearish |
| XRP | Larger Bearish Divergence active (Weekly) | 2.70-2.80 (holding) | 2.70-2.80 (if broken, becomes resistance) | Holding support, slight relief/choppy sideways action likely to follow Bitcoin |
| Chainlink | Bearish Price Structure | 19-20 (acting as support) | 22-22.30 | Slight bounce/relief expected; break below 19-20 would extend downside |
