16 Oct 2025
Bitcoin is currently playing out a short-term bullish divergence, though significant liquidity is building below its price, requiring awareness. Ethereum is retesting a crucial resistance area, while XRP continues a decent bounce from a very significant support level.
Bitcoin is currently playing out a short-term bullish divergence, with the super trending indicator on the weekly chart remaining in the green, signaling a larger bull market. A massive bearish divergence on the weekly chart, however, continues to influence the price, while the 3-day chart shows minimal bearish momentum but an overall lack of significant momentum, appearing neutral on larger timeframes.
The daily Bitcoin price chart is holding above a previous low, potentially forming a higher low and maintaining a crucial support area between $106.7K and $107.6K. Short-term, Bitcoin is testing potential resistance around $110.5K (within the $110K-$111K range), with subsequent major resistance points identified at $113.5K, $114.5K (where previous support flipped into new resistance), and ultimately $117K.
The 4-hour Bitcoin price chart clearly shows an active short-term bullish divergence, characterized by confirmed lower lows in price and higher lows in the Relative Strength Index (RSI), which is continuing its bullish move out of oversold territory. This divergence suggests a likely outcome of a short-term bullish relief or some choppy sideways price action, rather than a significant high-momentum upward movement.
Significant liquidity is currently building below Bitcoin's price, specifically around $108.1K to $108.5K, which could potentially attract price movement. Conversely, substantial liquidity also resides at a higher level, approximately $118K to $119K, but reaching this requires Bitcoin to first break out above numerous resistance levels.
A small Bitcoin long position has been opened to take advantage of the potentially continuing short-term bullish relief, with profit-taking targets set around $113K-$114K and a decent portion of the trade to be closed at $117K if the price reaches these levels. The strategy involves potentially closing the trade quickly if the price dips towards the lower liquidity levels.
The Bitcoin dominance on the 3-day timeframe shows an active short-term bullish divergence, indicating a likely outcome of slight bullish relief or choppy sideways price action, not a massive high-momentum movement towards the upside. This suggests that many altcoins will likely perform either very similarly to Bitcoin or slightly underperform it, making a massive altcoin season unlikely in the near future.
Ethereum's price on the 3-day timeframe is still holding a very important support area between $3.9K and $4.1K, which previously acted as significant resistance. In the shorter term (8-hour timeframe), ETH's price structure is technically bearish, forming lower highs and lower lows, and it is currently testing immediate resistance between $4060 and $4.1K. A confirmed breakout above $4.1K (with candle closes) would target at least $4.2K, likely towards $4250, as the next major resistance.
Solana's price on the 2-day timeframe is perfectly bouncing from a targeted support area between $190 and $200. Resistance is now expected at roughly $215 to $216, with a further move towards $230 if that level is broken. The 12-hour chart shows a continuing bounce from oversold RSI territory, indicating a likely short-term relief from bearish price action over the next one to two days.
XRP maintains a massive bearish divergence on the weekly timeframe. On the daily chart, however, the price is continuing a short-term bounce from an important support area between $2.70 and $2.80. Holding this area is positive; a strong daily candle close below $2.70 would signal very bad news for the following weeks or months. Resistance levels to watch are around $2.86-$2.87, then $2.93, and major resistance at $3.10-$3.15.
Chainlink remains within a larger bearish price structure on the daily timeframe, characterized by forming lower highs and lower lows. In the immediate short term, LINK is currently bouncing from an important support area between $19 and $20. As the bounce likely continues, major resistance is expected again at approximately $22, extending towards around $22.30.
Traders can utilize platforms like Bitex and Tbit to trade crypto market movements, both of which are no-KYC exchanges accessible from most countries. Bitex offers substantial trading and deposit bonuses, including up to 120,000 USDT from a prize pool and deposit bonuses starting from $20 for a $100 deposit. Tbit provides trading bonuses up to 10,000 USDT in trial funds and 8,000 USDT in withdrawable stablecoins, alongside a $30 signup bonus and a one-month free VIP3 upgrade without requiring a deposit or trade.
Most of the time, not every time, but most of the time, the price of Bitcoin tends to move towards where we have a lot of liquidity, especially if that liquidity is relatively close to the current price.
| Asset | CurrentStatus | KeySupport | KeyResistance | ShortTermOutlook | LongTermOutlook |
|---|---|---|---|---|---|
| Bitcoin (BTC) | Playing out short-term bullish divergence, holding crucial support. | $106.7K - $107.6K, $108.1K - $108.5K (liquidity) | $110.5K - $111K, $113.5K, $114.5K, $117K, $118K - $119K (liquidity) | Likely short-term bullish relief, potential dip to lower liquidity possible. | Larger bull market indicated, but massive bearish divergence is active. |
| Ethereum (ETH) | Retesting crucial resistance, holding major support. | $3.9K - $4.1K | $4060 - $4.1K, $4.2K - $4250 | Possible short-term bullish movement, potentially lagging Bitcoin. | Short-term bearish structure still evident. |
| Solana (SOL) | Bouncing from major support, oversold RSI relief. | $190 - $200 | $215 - $216, $230 | Short-term relief/bounce likely for 1-2 days. | Influenced by Bitcoin's broader market movements. |
| XRP | Continuing short-term bounce from critical support. | $2.70 - $2.80 | $2.86 - $2.87, $2.93, $3.10 - $3.15 | Likely to see further bounce, similar to Bitcoin's movements. | Massive bearish divergence remains active. |
| Chainlink (LINK) | Bouncing from important support. | $19 - $20 | $22 - $22.30 | Short-term bounce likely, influenced by major altcoins. | Still within a larger bearish price structure. |
| Bitcoin Dominance | Short-term bullish divergence active. | N/A | N/A | Slight bullish relief or choppy sideways action. | Altcoins likely underperform Bitcoin; no altcoin season expected. |
