24 Oct 2025
Bitcoin is retesting a crucial price level while playing out a short-term bullish divergence, prompting a detailed trading strategy for potential profits from upcoming market moves. This analysis also covers the current retesting and bouncing patterns for Ethereum and XRP, alongside similar short-term predictions for Solana and Chainlink.
Bitcoin is currently retesting a crucial price level on the chart while still playing out a short-term bullish divergence.
The super trend indicator on the weekly Bitcoin price chart remains green, signaling a larger bull market, but a massive bearish divergence suggests limited significant bullish momentum over the next month, potentially leading to sideways consolidation or a pullback.
The daily Bitcoin price action shows similarities to late 2024/early 2025, with a confirmed breakout above 110.5K - 112K required to signal a flip back into a bullish direction, as past rejections at this level led to larger pullbacks.
Bitcoin is currently retesting the crucial 110.5K level, and confirming a breakout above this line with a daily candle close and holding that position is essential to avoid another rejection.
In the short term, Bitcoin is expected to exhibit either slight bullish relief or choppy sideways price action, the most common outcomes from a bullish divergence, but significant resistance levels exist near 110.5K to 112K.
A fully automated grid bot trading strategy is employed to generate passive profits during market volatility, setting buy orders at lower prices and sell orders at higher prices to continuously buy low and sell high.
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Significant liquidity is building above Bitcoin's current price at approximately 114,000 and 116,000, which the price tends to move towards, though substantial resistance lies between the current price and these higher targets.
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Bitcoin dominance is continuing its bullish relief, indicating that major altcoins will likely underperform Bitcoin slightly on average.
Ethereum is currently at the lower end of its support area (3.9K to 4.1K) on the 3-day timeframe, with no strong confirmation of a downside break, while the 8-hour chart shows sideways movement between resistance (4060 to 4.1K) and support (3720 to 3760).
Solana is retesting a crucial resistance area between 190 to 200, with support expected around 170 to 175; a previous bullish divergence has been invalidated, suggesting continued choppy sideways price action.
XRP is playing out a massive bearish divergence on the weekly timeframe but is currently retesting and possibly bouncing from a support area (golden pocket) between $230 to $240, with an active daily bullish divergence indicating likely choppy sideways action or slight bullish relief.
Chainlink is in a larger bearish trend on the daily timeframe but exhibits a short-term bullish divergence, predicting choppy sideways price action, with price gravitating towards 1750 and support between 1520-1570, resistance between $1950-$20.
This trading strategy is fully automated, which means it's basically passive income.
| Metric | Insight | Levels/Strategy |
|---|---|---|
| Bitcoin Weekly Outlook | A massive bearish divergence implies sideways consolidation or a pullback over the next month. | Expect a cool-off on larger time frames. |
| Bitcoin Daily Breakout Level | Confirmation of a bullish flip requires a daily candle close above 110.5K - 112K. | A crucial retest is occurring at approximately 110.5K. |
| Bitcoin Trading Strategy | An automated grid bot generates passive profits during volatility by automatically buying low and selling high. | This strategy is ideal for choppy sideways price action. |
| Ethereum Short-Term | Ethereum is expected to bounce sideways between established support and resistance levels. | Support: 3.72K-3.76K; Resistance: 4.06K-4.1K. |
| XRP Short-Term | An active bullish divergence during a larger bearish trend suggests choppy sideways action or slight bullish relief. | Support: $230-$240. |
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