Crypto Market Analysis Today (10/16/25): BTC Price Threatened to Fall, Gold Sets a New Record!

Jakarta, Pintu News – Bitcoin (BTC) price came under pressure again on Wednesday, October 15, 2025, after failing to maintain momentum above the $111,000 (Rp1.84 billion) level. With increased volatility and weak market sentiment, some analysts warned of a potential deeper correction to $102,000 (Rp1.69 billion).

Gold, on the other hand, recorded an all-time high of over $4,200 (Rp69.6 million) per ounce, indicating a shift in investor interest from digital assets to traditional assets that are considered safer. Here’s today’s crypto market analysis according to Cointelegraph!

Bitcoin (BTC) Threatened to Fall to $102,000 Level

According to Cointelegraph Markets Pro and TradingView data, Bitcoin price fell nearly 2% early in the Wall Street trading session, oscillating around $111,000 ($1.84 billion). Selling pressure increased after buyers failed to break through the strong resistance level around $114,000 ($1.89 billion). CoinGlass data shows a liquidity drain at the lower end of the market, suggesting that pressure from short-term traders is still high.

Technical trader Roman warned of a potential repeat of the previous scenario, where the price briefly touched the level of $102,000 (Rp1.69 billion) on the Binance exchange. “The current market structure looks like a failed reversal, with the risk of replenishing the wick up to the 102 thousand dollar area,” he wrote on the X platform.

Roman added that if the price drops lower than this level, the medium-term bullish structure will lose its validity, although the current consolidation is still reasonable in the context of a bull market.

Read also: How is the Crypto Market Today (10/16/25)?

Long-term Structure Still Healthy, As Long As $102,000 Lasts

Despite many concerns about a potential correction, analyst Ted Pillows still thinks that Bitcoin’s long-term structure is still positive. He emphasized that as long as BTC is able to stay above $102,000 (Rp1.69 billion), the big bullish trend that started in early 2023 is maintained. “If Bitcoin closes the monthly candle below that area, then we need to be aware of a potential major trend change,” he said.

Another trader, Crypto Tony, added that the $110,500 ($1.83 billion) area is likely to be a key short-term defense point. This level is referred to as the “daily low” that should be maintained to prevent further weakness. The correction to that range is considered a natural cooling phase after the massive rally that pushed Bitcoin to an all-time high a few weeks ago.

Read also: Price of 1 Pi Network (PI) in Indonesia Today (10/16/25)

Gold sets new record, Bitcoin lags behind

While Bitcoin struggles to maintain its momentum, the price of gold (XAU) broke a new record above $4,200 (IDR 69.6 million) per ounce, driven by hopes of a Fed rate cut.

In his speech on Tuesday, Federal Reserve Chairman Jerome Powell hinted at the possibility of another interest rate cut in October, which is usually a positive catalyst for risky assets – including cryptocurrencies. However, this time gold was the main beneficiary.

According to a report by QCP Capital, the correlation between gold and Bitcoin increased to 0.85, suggesting that the two are now moving more in sync than ever before. However, QCP analysts think that gold is still leading the store of value rally, while Bitcoin is losing momentum to capitalize on positive macro sentiment.

“Although inflows into Bitcoin and Ethereum ETFs remain strong – reaching $102.7 million (Rp1.7 trillion) and $236.2 million (Rp3.9 trillion) respectively yesterday – investors still see gold as a key hedging asset,” QCP wrote in its latest report.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Cointelegraph. Bitcoin traders fear $102K BTC price dive next as gold sets new highs. Accessed on October 16, 2025.
• Featured Image: Generated by AI