Bitcoin Price Analysis: Bearish Signals Indicate Possible Drop Below $100,000

Published at 2025-10-23 15:08:10
Bitcoin Price Analysis: Bearish Signals Indicate Possible Drop Below $100,000 – cover image

Bitcoin's current price analysis as of October 23, 2025, shows important signs of potential market weakness despite trading above the $100,000 mark for four months. The On-Balance Volume (OBV) indicator has dropped to its lowest level since April 24, 2025, when BTC was priced around $94,000. This decline usually signals selling pressure and can indicate a likely downturn.

Currently, Bitcoin is testing its support level around $107,300. Traders should watch closely because a break below this level could push BTC's price down to the June 22 low near $99,225. Complementing this, the MACD histogram is showing bearish signals, indicating increasing downside momentum.

This combination of dropping OBV and bearish MACD suggests that Bitcoin might face significant selling pressure soon, potentially moving below the $100,000 threshold that it has maintained for the last four months.

For investors looking to strategically buy Bitcoin during volatile times, platforms like Bitlet.app offer unique solutions. Bitlet.app provides Crypto Installment services, allowing users to buy Bitcoin now and pay for it monthly, easing the financial burden during uncertain market conditions.

Stay informed and consider leveraging flexible payment options like those on Bitlet.app to navigate Bitcoin’s price fluctuations effectively.

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