Bitcoin (BTC) price in free fall, is $105,500 the savior? (10/17/25)

Jakarta, Pintu News – Bitcoin (BTC) failed to break through the $113,000 resistance and is on the decline again. The crypto has fallen below the $112,000 and $110,500 support levels, entering a bearish zone.

This decline has continued below $108,000, with a new low forming at $107,483. Currently, Bitcoin (BTC) is consolidating losses below the 23.6% Fibonacci retracement level of the last drop from $115,975 to $107,483.

Recent Technical Analysis

Bitcoin (BTC) is now trading below $110,000 and the hourly simple moving average of 100. Additionally, there is a bearish trend line with resistance at $110,500 on the hourly chart of the BTC/USD pair. The next immediate resistance is near the $109,500 level.

The first key resistance is near $110,000, followed by $110,500 and the trend line. If it manages to break the $110,500 resistance, the price could increase and try the $111,800 resistance, which is adjacent to the 50% Fibonacci retracement level of the last drop.

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Potential for Further Decline

If Bitcoin (BTC) fails to break the $110,000 resistance zone, there is a possibility of a new drop. The immediate support is near $108,000. The first major support is near $107,500. The next support is now in the $106,200 zone. If the losses continue, the price could head towards the $105,500 support in the near future. The next major support is at $103,200, below which Bitcoin (BTC) may struggle to recover in the short term.

Technical Indicators

The hourly MACD indicator is now firming up in the bearish zone. Meanwhile, the Relative Strength Index (RSI) for BTC/USD is now below the 50 level. The next major support level is $108,000, followed by $107,500. Meanwhile, the major resistance levels are $110,000 and $110,500.

Conclusion: The Future of Bitcoin

With volatile market conditions, investors and traders should pay attention to technical indicators and key support levels. Investment decisions should be based on careful analysis and continuous monitoring of Bitcoin (BTC) price movements.

Also Read: Michael Saylor’s Strategy: $27.2 Million Bitcoin Purchase Before the Crypto Market Crash

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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 are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. Bitcoin Price Dips Deeper. Accessed on October 17, 2025