19 Oct 2025
Bitcoin is confirming a break below key support on the daily chart, suggesting a larger pullback or consolidation within the next one to two months, despite playing out a short-term bullish divergence. Various altcoins, including Ethereum, Solana, XRP, and Chainlink, exhibit similar bearish larger time-frame structures with short-term relief possibilities, while an automated Bitcoin futures gridbot strategy is actively managing positions.
The Super Trend indicator on the weekly Bitcoin price chart remains green, signaling a larger bull market. However, a massive bearish divergence is confirmed with new higher highs in price and lower highs in the weekly RSI, indicating a loss of bullish momentum and a likely larger sideways consolidation or pullback within the next one to two months.
Bitcoin's daily price chart shows similar action to the beginning of the year, potentially leading to further pullback within the next couple of weeks to a month. Two daily candle closes have confirmed below an important ascending line of support, previously around $109K-$110K, and also below previous lows of the horizontal support for the prior range.
In the immediate short term, Bitcoin is actively playing out a short-term bullish divergence, which has led to a slight bullish relief over the last day. This divergence typically results in short-term relief or choppy sideways action for a few days, not a massive bullish reversal, with overall weakness still expected over weeks or months.
A Bitcoin futures gridbot trading strategy is currently active, set within a price range of $70,000 to $130,000. This automated strategy places buy orders to the downside and sell orders to the upside, designed to profit from bounces within this range, with a liquidation price around $43,000.
The gridbot strategy is fully automated, requiring only initial setup for the price range and investment amount. It automatically places and replenishes buy and sell orders, securing grid profits and managing unrealized profits as price interacts with these orders.
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The Bitcoin liquidation heat map shows no immediate major liquidity close to the current price. The next significant liquidity is around $116,000. Expect strong resistance between $108,000 and $110,000, acting as a new resistance level after breaking previous support.
The Bitcoin dominance chart is still playing out a bullish divergence, indicating a continued bullish relief in the coming days or weeks. This suggests that the altcoin market, on average, will likely underperform Bitcoin during this period.
If Bitcoin dominance reaches resistance between 60.5% and 61%, it might struggle, potentially leading to a temporary relief in the altcoin market where some altcoins could temporarily outperform Bitcoin.
Ethereum's price on the 3-day timeframe is trading slightly below an important support area of $3.9K to $4.1K. A confirmed 3-day candle close below $3.9K would signal a significant break and likely lead to a larger pullback towards $3,500 or lower in the next few weeks to one or two months.
The daily Ethereum chart shows an active bullish divergence, suggesting a short-term relief or choppy sideways price action. The 8-hour chart shows a bounce from support between $3,720 and $3,760, with resistance expected at $4,060-$4.1K and major resistance at $4,250-$4,280.
Solana has confirmed a 2-day candle close below the $190-$200 range, continuing a bearish trend of lower highs and lower lows. This range is now expected to act as resistance.
Key support levels for Solana are identified between $170-$175, with further support at $158 and $143-$146 if current levels break. Additional resistance is noted at $209 and $218-$219.
A weaker form of bullish divergence is forming on Solana's 8-hour chart, characterized by horizontal lows in price and higher lows in RSI. This suggests a potential for short-term choppy sideways price action or a break from bearish action, but not necessarily a high-momentum upward movement.
XRP's weekly chart continues to show a massive, un-invalidated bearish divergence, which has been influencing the price since late July and indicates ongoing downward pressure.
XRP confirmed a daily candle close below the $2.33-$2.40 support area, currently retesting it as resistance around $2.30-$2.40. A potential bullish divergence is forming on the daily chart with lower price lows and forming higher RSI lows, but it requires a daily candle close back above $2.40 to confirm and trigger a potential relief bounce towards $2.60-$2.70.
If XRP fails to reclaim $2.40 and rejects from current resistance, the next major support target towards the downside is identified at just above $2, specifically around $2.05.
Chainlink is in a bearish trend with lower highs and lower lows, similar to XRP. A potential bullish divergence is forming on the daily chart with confirmed lower price lows and forming higher RSI lows, requiring a couple of candle closes in the RSI to confirm.
Chainlink found support around $15.70 within the $15.20-$15.70 range. A break below this would target $13.30-$13.40. Resistance levels are expected at $17.20-$17.50 and major resistance at $19.50-$20.
Overall, in terms of the next few weeks to a month, expect things to look relatively weak for Bitcoin.
| asset | timeframe | outlook | key_levels | notes |
|---|---|---|---|---|
| Bitcoin | Weekly | Larger Bull Market / Bearish Divergence | Super Trend Green; RSI Bearish Divergence | Loss of bullish momentum; likely larger consolidation/pullback within 1-2 months. |
| Bitcoin | Daily | Bearish (Pullback likely) | Broke below $109K-$110K support and previous lows | Expect relative weakness for next few weeks/month. Needs quick reclaim of $110K to avoid larger pullback. |
| Bitcoin | Short-Term | Bullish Relief (Temporary) | Actively playing out bullish divergence | Slight relief/choppy sideways for days, not a major reversal. |
| Bitcoin | Trading Strategy | Automated Gridbot | Range: $70K-$130K; Liquidation: ~$43K | Fully automated buy/sell orders, designed for profit from bounces within range via Pinex. |
| Bitcoin Dominance | Days/Weeks | Bullish Relief (Temporary) | Playing out bullish divergence | Altcoins likely to underperform Bitcoin. Resistance at 60.5%-61% could provide temporary altcoin relief. |
| Ethereum | 3-Day | Bearish (Pullback likely) | Trading below $3.9K-$4.1K support | Confirmed close below $3.9K suggests pullback to $3.5K or lower in weeks/months. |
| Ethereum | Short-Term | Bullish Relief (Temporary) | Active bullish divergence; bounced from $3,720-$3,760 | Short-term relief/choppy sideways; Resistance at $4,060-$4.1K, $4,250-$4,280. |
| Solana | 2-Day | Bearish Trend | Confirmed close below $190-$200; now resistance | Supports at $170-$175, $158, $143-$146. Additional resistance at $209, $218-$219. |
| Solana | 8-Hour | Weak Bullish Divergence (Choppy Sideways likely) | Horizontal price lows, higher RSI lows | Short-term choppy sideways from bearish action, not high momentum upward move. |
| XRP | Weekly | Bearish Divergence | Un-invalidated bearish divergence | Ongoing downward pressure since late July. |
| XRP | Daily | Bearish (Resistance Retest) / Potential Bullish | Broke below $2.33-$2.40 support, retesting as resistance at $2.30-$2.40 | Needs daily close above $2.40 for bullish divergence confirmation and relief to $2.60-$2.70. Next support at $2.05 if fails. |
| Chainlink | Daily | Bearish Trend / Potential Bullish | Lower highs/lows; support at $15.20-$15.70 (bounced $15.70) | Possible bullish divergence forming. Resistance at $17.20-$17.50, $19.50-$20. Next support at $13.30-$13.40 if support breaks. |
