Amid heightened volatility in both macro and cryptocurrency markets, Bitcoin (BTC) has been trading within a narrow range. Technical traders are closely watching for a potential bullish breakout following a consolidation phase that came after fresh highs earlier in October.
Current price action
As of October 22, 2025, Bitcoin is trading around $108,200, slightly below the $110,000 level noted earlier this week. Resistance has emerged near $115,000, while BTC has been oscillating between $107,000 and $114,000. Earlier in the month, a steep drop pushed prices toward $105,000 after Bitcoin reached a new all-time high above $125,000. Since then, the market has stabilized within a tighter range, reflecting buyers’ efforts to absorb selling pressure.
The $107,000–$110,000 range now serves as a critical support zone, while a breakout above $115,000 could open the door for higher price levels as momentum and trading volume begin to recover following the October washout.
Upside outlook: the golden cross
Traders are eyeing a potential golden cross forming on Bitcoin’s 3-day chart, as the 50-day moving average approaches a crossover with the 200-day moving average. Historically, such patterns have preceded strong rallies, generating excitement among institutions and traders alike.
If confirmed, the golden cross could trigger renewed buying pressure, potentially pushing Bitcoin toward the $125,000–$130,000 range. Technical indicators, including a rising Relative Strength Index (RSI) from neutral levels and higher daily lows, support this bullish outlook.
Additional tailwinds could come from renewed institutional inflows via Bitcoin ETFs, as well as macroeconomic factors such as a weaker US dollar and more accommodative monetary policy in the coming weeks.
Downside risks for BTC
Despite the potential for upside, risks remain. Bitcoin could retest the $100,000–$105,000 support range if prices fail to hold above $107,000. Traders also caution that a golden cross does not guarantee sustained upward momentum; if trading volume slows or momentum stalls before the crossover is confirmed, the signal may prove false.
External factors could also limit gains, including a stronger US dollar, ETF withdrawals, or risk-off sentiment triggered by geopolitical or regulatory developments. The market’s vulnerability was underscored earlier this month by a flash crash that wiped out billions in leveraged positions within hours.
BTC price forecast
For now, Bitcoin is likely to trade between $107,000 and $115,000 as traders wait for the golden cross to confirm. A decisive breakout above $115,000, backed by strong volume, could pave the way toward $125,000–$130,000. Conversely, failure to maintain support near $107,000 may lead to further declines and a retest of the $100,000 zone.
Overall, BTC remains in a consolidation phase. The confirmation of the golden cross, along with supportive institutional and macro conditions, will likely determine the next major move. While the outlook is cautiously optimistic, Bitcoin’s near-term trajectory will depend on whether buyers can hold key support levels and break the consolidation range.
