16 Oct 2025
The cryptocurrency market currently navigates key resistance and support levels, with Bitcoin facing rejection while exhibiting both short-term bearish divergence and a newly forming potential bullish divergence. Altcoins like Ethereum, Solana, XRP, and Chainlink show bearish short-term structures and pullbacks, yet historical trends suggest October could bring significant bullish momentum.
The weekly Bitcoin price chart's super trend indicator remains green, signaling a larger bull market, although a bearish divergence from months ago continues to influence the price, causing a larger slowdown or setback over the last one to two months.
The 3-day Bitcoin MACD is now potentially regaining bearish momentum, moving away from a previously expected bullish crossover that resulted in a bullish relief over the last few weeks.
Bitcoin's price continues to reject from the previously warned resistance area around 117,000 and slightly above, without confirming daily candle closes above or holding it as new support, leading to profit-taking from long positions.
The next major support for Bitcoin is between 110,000 and 111,000; a break below this could lead to a retest of lows between 106,700 and 107,600.
A bearish divergence on the 4-hour Bitcoin chart is still playing out, but the 4-hour RSI hit oversold territories, leading to choppy sideways price action.
A new potential bullish divergence is forming on the 4-hour Bitcoin chart, with lower lows in price candle closes and higher lows in the RSI; if confirmed with subsequent green candle closes, this could lead to a short-term bullish relief during the existing bearish trend.
A relatively small amount of liquidity sits below the price at 111,200 to 111,300, while significant liquidity remains above at 118,000 to 119,000, though short-term price momentum currently points bearish.
September has historically been one of the most bearish months for Bitcoin, yet this September is slightly in profit; conversely, October is historically the most bullish month, with only two red Octobers since 2013, suggesting potential large gains towards the upside in the coming months.
The periods when many people are frustrated, bored, or leaving crypto after bear markets or crashes historically present the best buying opportunities, emphasizing the importance of staying attentive during these times.
Trading opportunities are available through exchanges like BTEX (offering up to 120,000 USDT in trading/deposit bonuses and no KYC) and Tbit (offering up to 10,000 USDT in trial funds, 8,000 USDT in withdrawable stablecoins, a $30 signup bonus, and one month free VIP3 upgrade, also no KYC).
A shorter-term bullish divergence in Bitcoin dominance suggests Bitcoin strength or stability in the coming days/week, indicating altcoins will likely perform similarly or underperform Bitcoin.
Ethereum continues to trade within a sideways price range, with crucial support between 3,900 and 4,100 and resistance between 4,800 and 4,900 on the 3-day chart.
On the 8-hour chart, Ethereum holds above 4,060-4,100 support but remains below 4,250-4,280 resistance, reflecting a bearish short-term price structure and a likely retest of support, potentially performing slightly worse than Bitcoin.
Solana is continuing its pullback, breaking below 230 and 215-216 support due to an active 12-hour bearish divergence, and a confirmed 2-day candle close below 215 and failure to recover could lead to a retest of 190-200.
A confirmed break and failure to get back above the 190-200 area for Solana would signify a significant change from its larger bullish trend to a new, extended bearish trend.
XRP remains influenced by a larger weekly bearish divergence, leading to an expected cool-off; however, the daily price is currently holding above the important 270-280 support area, indicating demand.
A confirmed daily candle close below 270 for XRP and a failure to regain that level would represent a massive bearish structural change, potentially leading to drops towards 240-250 or even the lower $2 area.
Chainlink has confirmed a daily candle close below $22, establishing a lower high and lower low in its price structure, indicating a shift towards a bearish trend, with expected resistance around $22-$22.40.
If Chainlink fails to regain the $22-$22.40 resistance, a drop towards the $19-$20 level is possible, and the overall outlook for the next few weeks to months is bearish despite potential short-term bounces.
Profit can be made in the crypto market even during bearish price action by utilizing other less bearish coins or by employing short positions to capitalize on downward moves.
Strategies exist to profit from both bullish and bearish price action using long or short positions, and from choppy sideways price action, offering opportunities regardless of market direction.
Historically speaking, the absolute best buying opportunities in Bitcoin's history have been after bear markets or after crashes in the price when many people are annoyed or frustrated or angry or leaving Bitcoin and crypto.
| Asset | CurrentStatus | KeyResistance | KeySupport | Outlook |
|---|---|---|---|---|
| Bitcoin (Weekly/Daily) | Weekly super trend bullish but influenced by bearish divergence; Daily rejecting resistance, potential 4-hour bullish divergence forming. | ~117,000 | ~110,000 - 111,000; ~106,700 - 107,600 | Larger bull market slowdown; short-term bearish but possible relief; historically bullish months (Oct/Nov) approaching. |
| Ethereum (3-day/8-hour) | Sideways price range; currently below short-term resistance. | 4,800 - 4,900 (3-day); 4,250 - 4,280 (8-hour) | 3,900 - 4,100 (3-day); 4,060 - 4,100 (8-hour) | Bearish short-term price structure; retest of support likely, potentially underperforming Bitcoin. |
| Solana (2-day) | Continuing pullback, influenced by 12-hour bearish divergence. | ~230; ~250 | 215 - 216; 190 - 200 | Continued weakness likely; confirmed loss of 190-200 would signal a larger bearish trend. |
| XRP (Weekly/Daily) | Under influence of larger weekly bearish divergence; holding daily support. | ~310 - 315 | 270 - 280 | Expected cool-off; confirmed break below 270-280 would lead to significant bearish structural change and further drops. |
| Chainlink (Daily) | Confirmed bearish price structure with lower high/low. | $22 - $22.40 | $19 - $20 | Overall bearish for next weeks/months; potential drop to $19-$20 if resistance is not regained. |
| Market Timing (Historical) | End of historically bearish September, approaching historically bullish October/November. | N/A | N/A | Best opportunities arise during market frustration and crashes; staying attentive is crucial for future gains. |
