17 Oct 2025
Bitcoin is breaking below crucial support, signaling a potential major pullback, while key altcoins like Ethereum and XRP also test critical support areas. While immediate short-term bullish divergences may offer brief relief, larger timeframes indicate a likely slowdown or correction for the broader crypto market over the coming months.
Bitcoin is currently breaking below a significant support line, potentially repeating historical patterns for a major move, while a new short-term signal is emerging.
Ethereum's price approaches breaking below a crucial support area, and XRP is also testing a vital short-term support level.
The weekly Bitcoin price chart shows the super trend indicator in green, suggesting a larger bull market; however, a reconfirmed bearish divergence with a higher price high and a lower weekly RSI high indicates a loss of bullish momentum, forecasting a likely larger sideways consolidation or correction within the next one to two months due to lacking bullish momentum.
The daily Bitcoin price chart exhibits price action similar to earlier this year, including a recent flash crash, with a potential for more bearish movement. Losing current lows as support will likely lead to a further pullback.
An ascending line of support for Bitcoin, located at approximately 109K to 110K, serves as the final support before a potential multi-week pullback. Although Bitcoin's price has dipped below this line, a candle close below it has not yet been confirmed, which would indicate a confirmed break.
Bitcoin's price structure is not currently bullish, having technically created a new lower low compared to late September, which aligns with the weekly timeframe's bearish divergence, suggesting a likely larger slowdown, lack of bullish momentum, or further pullback in the next one to two months.
On the 4-hour Bitcoin price chart, a new bullish divergence is forming, indicated by lower lows in candle closes and higher lows in the 4-hour RSI, which could lead to a sideways consolidation or a bullish relief over a few days if confirmed by a bounce and subsequent green candle closes.
If Bitcoin confirms a break below its current support, potential price targets using the Fibonacci retracement tool include 106K (38.2% Fib level), 100K (50% retracement and psychological level), and a major price target between 92K to 94K (golden pocket) if 100K is breached, assuming a daily candle close below 109K to 108K.
The Bitcoin liquidation heat map shows recent liquidity wipe-out around 109K to 109.5K and liquidity building above at approximately 116K. A confirmed break below the ascending support line could present shorting opportunities, similar to late February, despite the presence of liquidity above.
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The daily Bitcoin dominance chart shows an active bullish divergence, suggesting a potential sideways consolidation or bullish relief for Bitcoin dominance, which implies many altcoins will likely underperform Bitcoin, meaning a Bitcoin pullback could significantly impact the altcoin market.
On the 3-day timeframe, Ethereum's price is close to breaking below significant support between 3.9K to 4.1K, with a confirmed breakdown highly probable if Bitcoin continues its pullback. The daily chart still exhibits a bullish divergence, resulting mostly in choppy sideways action or short-term bullish relief, but it implies a lack of bearish momentum over the next one to two weeks.
Immediate resistance for Ethereum is around 4060 to 4.1K and 4250 to 4280. Key support is at 3.9K, with the next short-term support at 3740 to 3750 if 3.9K is breached.
Solana is breaking below support between 190 to 200. If confirmed, a retracement to 177-178 (candle closes) or major support at 170 is likely, with further support at 157 and 143-146. Resistance levels include 190-200, 210, 230, 29, and 217-218.
If Solana's price makes a lower low, there is a strong possibility of forming a bullish divergence due to its extremely oversold RSI, making another lower RSI low difficult to achieve.
The weekly XRP chart still displays a massive active bearish divergence, foretelling a larger slowdown or pullback. The daily chart shows rejection from 263 (50% retracement) and is testing critical support between 230 to 240. A daily candle close below 230 would likely lead to a target of approximately 2.05.
Despite potential short-term bounces from support, XRP remains within a larger bearish price structure, characterized by lower highs, lower lows, breaking below important support, and failing to get back above resistance, indicating a continuation of the larger bearish trend.
Chainlink is testing support at 17.30 to 17.50. A break below could lead to further support at 15.20 to 15.60. Resistance is expected between 19.50 to 20. Immediate short-term momentum is lacking, suggesting a period of weakness or temporary relief from the crash rather than a massive recovery, with a potential for another downside leg in a week or two, despite occasional short-term bounces.
The direction of the altcoin market is heavily dependent on Bitcoin's price action, particularly its ability to hold or break below the 109K support level. A confirmed daily candle close below this level, especially if followed by breaking 108K, would likely trigger a larger pullback across many altcoins within one to two weeks.
Bitcoin's price action at key support levels is a make-or-break moment, significantly influencing the trajectory of the entire altcoin market.
| Asset | Insight | Details |
|---|---|---|
| Bitcoin (Weekly) | Bearish Divergence Reconfirmed | Loss of bullish momentum, likely larger sideways consolidation or correction within 1-2 months. |
| Bitcoin (Daily) | Critical Support Test | Breaking below ascending support ~109K-110K. Daily candle close below this level needed for confirmed break. |
| Bitcoin (Downside Targets) | Fibonacci Retracement Levels | 106K (38.2% Fib), 100K (50% Fib & psychological), 92K-94K (Golden Pocket) if support breaks. |
| Bitcoin (4-Hour Short-Term) | Bullish Divergence Forming | Lower price lows with higher RSI lows; could lead to sideways consolidation or bullish relief over a few days if confirmed. |
| Bitcoin Dominance (Daily) | Bullish Divergence Active | Expect sideways consolidation or bullish relief, causing altcoins to underperform Bitcoin. |
| Ethereum (3-Day) | Approaching Critical Support | Near 3.9K-4.1K support. Breakdown probable if Bitcoin pulls back further. |
| Ethereum (Daily) | Bullish Divergence Active | Causing choppy sideways action or short-term bullish relief, indicating a lack of bearish momentum for 1-2 weeks. |
| Ethereum (Key Levels) | Support & Resistance | Resistance: 4060-4.1K, 4250-4280. Support: 3.9K, 3740-3750 (if 3.9K broken). |
| Solana (2-Day) | Breaking Support | Breaking below 190-200 (not confirmed). Downside targets: 177-178, 170 (major), 157, 143-146. Resistance: 190-200, 210, 230, 29, 217-218. |
| XRP (Weekly) | Massive Bearish Divergence | Still active, expecting larger slowdown/pullback over months. |
| XRP (Daily) | Testing Critical Support | Currently testing 230-240. Daily close below 230 targets ~2.05. Overall trend is larger bearish structure despite bounces. |
| Chainlink (Daily) | Testing Support | Currently testing 17.30-17.50. If broken, next support 15.20-15.60. Resistance: 19.50-20. Lacking bullish momentum, potential downside leg in 1-2 weeks. |
| Altcoin Market | High Bitcoin Dependence | Larger pullback likely for altcoins if Bitcoin confirms daily close below 109K support in 1-2 weeks. |
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