16 Oct 2025
Bitcoin is currently repeating a significant top signal on its price chart, approaching a crucial support level that could dictate future market movements. Simultaneously, Bitcoin dominance continues a short-term bullish divergence, potentially affecting altcoin performance while Ethereum, XRP, and Solana retest their respective critical support areas.
The weekly Bitcoin price chart indicates a larger bull market via the Super Trend indicator, but a reconfirmed bearish divergence (higher high in price, lower high in RSI) signifies a loss of bullish momentum. This suggests a potential for larger sideways consolidation or a price drawdown over the next one to two months on the larger time frames.
Bitcoin's daily price action mirrors the end of 2024 to early 2025, implying a likely short-term sideways consolidation for days, possibly a week, followed by a potential pullback within one to two months. This potential larger pullback depends on Bitcoin holding a crucial ascending line of support, active since June, currently sitting between 109K and 110K. A confirmed daily candle close below this support, particularly below 108K, would signal a significant correction lasting weeks or longer.
In the short term, Bitcoin is expected to continue choppy sideways price action for the next few days to a week. The Bitcoin liquidation heatmap shows minor liquidity below 109K and significant liquidity around 116K to 116.12K, indicating a possible bounce towards higher liquidity before potentially resuming sideways consolidation.
Trading opportunities arise from confirmed breaks below support (short positions) or waiting for lower prices (spot buying). Bitinix and Tubbit are recommended no-KYC exchanges, offering substantial trading and deposit bonuses, including up to 120,000 USDT in trading bonuses and sign-up bonuses like $30 plus VIP3 upgrades, accessible via specific referral links.
The Bitcoin dominance chart shows an active bullish divergence on daily and three-day time frames, suggesting a likely bullish relief and potentially another test of resistance in the coming days or weeks. This bullish dominance implies Bitcoin could outperform many major altcoins, which might underperform if the trend continues.
Ethereum (ETH) is retesting a critical support area between 3.9K and 4.1K on the three-day time frame; a confirmed close below 3.9K would be extremely bearish, likely leading to a retest of the 3.5K flash crash low. Despite a current short-term pullback, a bullish divergence remains active on the daily chart, pointing to potential bullish relief or sideways consolidation. Short-term resistance levels are identified between 4250-4280, 4450-4.5K, and 4680-4720, with immediate support around 3970 and 3.9K.
Solana (SOL) is retesting a crucial support area between $190 and $200 on the two-day time frame, where it needs to hold to avoid falling towards the $170 lows. Short-term resistance is found around $209-210, with further resistance at $217-218 and $230. Solana's short-term price action is expected to mirror Ethereum and Bitcoin, likely consolidating sideways.
XRP on the weekly time frame displays a massive active bearish divergence, signaling a larger pullback or significant slowdown in bullish momentum over several months, a trend observed since July/August from prices above $3. On the daily chart, XRP was rejected from the 50% retracement level and previous resistance around $2.60-$2.70. It is about to retest a crucial golden pocket support area between $2.33-$2.40; a confirmed daily close below $2.30 would target $2.05 as the next major support.
Chainlink (LINK) is in a larger bearish trend on the daily time frame, forming lower highs and lower lows, despite occasional short-term bounces. Short-term support is expected around $17.30-$17.50 and $15.20-$15.60, with resistance between $19.50-$20. In the coming days, Chainlink is likely to consolidate sideways, remaining rangebound without a massive recovery or further crash, but the long-term bearish trend could resume in a few weeks.
If a confirmed break below Bitcoin's crucial line of support occurs, especially with daily candle closes below previous lows, a larger correction lasting weeks or months becomes highly likely for the broader crypto market.
| asset | timeframe | condition | prediction |
|---|---|---|---|
| Bitcoin | Weekly | Bearish Divergence (Higher High Price, Lower High RSI) | Loss of bullish momentum, potential larger sideways consolidation or drawdown (1-2 months). |
| Bitcoin | Daily | Holding Ascending Support (109K-110K) | Expected short-term choppy sideways consolidation (next few days/week). |
| Bitcoin | Daily | Confirmed Break Below 109K & Previous Lows (e.g., 108K) | Strong signal for a larger correction lasting weeks, possibly longer. |
| Bitcoin | Short-term | Liquidity at 116K-116.12K | Possible bounce up to wipe out liquidity, followed by continued sideways action. |
| BTC Dominance | Daily/3-day | Active Bullish Divergence | Likely bullish relief, potential retest of resistance, Bitcoin may outperform many altcoins. |
| Ethereum | 3-day | Retesting Support (3.9K-4.1K) | Holding is crucial; close below 3.9K would be extremely bearish, targeting 3.5K. |
| Ethereum | Daily | Active Bullish Divergence | Overall bullish relief or sideways consolidation expected, despite short-term pullbacks. |
| Solana | 2-day | Retesting Support ($190-$200) | Needs to hold above this area; break below could lead to $170 lows. |
| XRP | Weekly | Massive Bearish Divergence | Expect larger pullback or slowdown in bullish momentum over months. |
| XRP | Daily | Retesting Golden Pocket Support ($2.33-$2.40) | Crucial support; daily close below $2.30 would target $2.05. |
| Chainlink | Daily | Bearish Trend (Lower Highs & Lows) | Short-term sideways consolidation expected (days/week), but larger bearish trend likely to resume (weeks). |
