27 Oct 2025
Bitcoin is further confirming a breakout above a crucial price level, with Ethereum and XRP also nearing or confirming significant bullish price patterns in the short term. The market anticipates a period of large sideways consolidation for Bitcoin on larger timeframes, while immediate short-term opportunities emerge across major altcoins.
The super trend indicator for Bitcoin remains in the green, signaling a larger bull market, but a massive bearish divergence is still active on the weekly chart, influencing prices on larger timeframes and suggesting a likely lack of bullish momentum and weakness for one to two months, potentially leading to large sideways consolidation with short-term bullish and bearish action.
Bitcoin has confirmed a breakout above a previous resistance line, now potentially acting as support around 110,000-111,000, with two daily candle closes above this level invalidating previous bearish fractals and signaling a potential short-term bullish flip.
Bitcoin is extremely close to breaking out above an area of resistance between 111.7K and 112K, which has acted as strong resistance previously; continually forming higher lows suggests an imminent break. A confirmed 6-hour or daily candle close above 112K would likely lead to price targets around 113K, with the next major resistance between 115K-116K.
A futures gridbot trading strategy is currently in use, designed to profit from any bounce or recovery in Bitcoin's price, even after a significant drawdown, and will only fail if the price moves straight down without any decent recovery.
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More liquidity is currently building above Bitcoin's price, particularly around 112K, 114K, and 116K, acting as price magnets and further suggesting a likely short-term breakout and bullish relief for Bitcoin.
Bitcoin dominance is still playing out a bullish divergence, suggesting either a slight bullish relief or choppy sideways price action, similar to the past month, is expected to continue in the short term.
Ethereum maintains strong support between 3.9K and 4.1K on the 3-day timeframe, with the daily chart still exhibiting a bullish divergence, most likely leading to choppy sideways price action or a slight bullish relief.
Ethereum is currently bouncing sideways within a range, between support at 3720-3760 and resistance at 4060-4.1K, but is getting very close to breaking out of a new symmetrical triangle pattern on the 4-hour chart.
A confirmed bullish breakout for Ethereum's triangle pattern requires candle closes above roughly 4,000, which would set up a price target for a 14-15% move towards the upside from the breakout point, especially if Bitcoin confirms its own breakout.
An example trading strategy for Ethereum involves entering a long position upon breakout confirmation above 4,000, taking partial profits at various resistance points (e.g., just under 4.1K, 4250, and before the full price target), and implementing a stop-loss just below the invalidation point (e.g., below 3970) to secure profits as the trade progresses.
Solana is testing resistance between $190 and $200, with further resistance expected around $209 if it breaks above $200, and strong support noted between $170-$175; the 8-hour chart still shows a bullish divergence suggesting choppy sideways action or slight bullish relief.
XRP is playing out a bullish divergence on the daily timeframe, causing a short-term bullish relief, and is currently testing resistance between $2.60-$2.70. A breakout above $2.70 could lead to $2.87, with significant resistance above $3 at around $3.10.
A short-term inverse head and shoulders pattern for XRP has technically confirmed on the 8-hour chart, with a confirmed breakout above the neckline at $2.50, setting a bullish price target of roughly $2.88-$2.90, representing about a 10% move from current levels without leverage.
Despite the short-term bullish relief, XRP has not yet fully confirmed a trend reversal out of its larger bearish trend, still showing lower highs and lower lows, but the short-term bullish relief is expected to continue for the coming days or one to two weeks.
Chainlink is in a similar situation to XRP, technically within a bearish trend but experiencing a short-term relief, likely involving slight bullish movement or choppy sideways price action, comparable to late September/early October, but without fully confirming a complete trend reversal.
Chainlink has support between $15.20-$15.70 and more support at $17.20-$17.40, with significant resistance between $19.50-$20; a short-term bullish divergence remains active, anticipating continued relief.
The longer resistance is tested, especially while continually forming higher lows, the more likely a break of that resistance becomes.
| Crypto Asset | Current Status | Key Pattern/Indicator | Short-Term Outlook | Trading Note |
|---|---|---|---|---|
| Bitcoin | Confirming breakout, nearing 112K resistance. | Weekly bearish divergence (long-term), 6-hour bullish divergence (short-term), Liquidation heat map. | Potential breakout above 112K, leading to 115K-116K targets. Larger sideways consolidation expected for 1-2 months. | Futures gridbot active; prepare for long opportunities. |
| Ethereum | Holding 3.9K-4.1K support, nearing symmetrical triangle breakout. | Bullish divergence, symmetrical triangle pattern. | 14-15% bullish move if 4,000 breaks. Choppy sideways price action or slight bullish relief. | Potential long positions; utilize profit-taking and stop-loss strategies. |
| XRP | Confirmed inverse head and shoulders, testing 2.60-2.70 resistance. | Bullish divergence, inverse head and shoulders pattern. | Price target of $2.88-$2.90 if resistance is broken. Continued short-term bullish relief. | Monitor for breakout above 2.70 towards the target. |
| Solana | Testing $190-$200 resistance. | Bullish divergence. | Choppy sideways price action or slight bullish relief. Breakout above highs if Bitcoin breaks out. | Closely follow Bitcoin and Ethereum analysis for direction. |
| Chainlink | Technically in a bearish trend, experiencing short-term relief. | Bullish divergence. | Slight bullish relief or choppy sideways action. Not a full trend reversal yet. | Support: $15.20-$15.70, Resistance: $19.50-$20. |
