Bitcoin (BTC) is ready to surge higher, can it reach $107,000? (23/10/25)

Jakarta, Pintu News – Bitcoin (BTC) is showing promising signals of strength in its weekly chart, with the Relative Strength Indicator (RSI) continuing to rise, indicating further upside potential. However, challenges remain. With prices hovering near the critical $107,000 support, market movers must defend this level to avoid deeper downward pressure.

RSI and Price Alignment: A Case of Confirmed Momentum

EGRAG CRYPTO’s latest analysis shows that the macro weekly structure of Bitcoin (BTC) shows no signs of weakening. The broader setup remains bullish, suggesting that the ongoing price movement is part of a healthy uptrend. This gives investors confidence that Bitcoin (BTC) still has room to grow.

The continuous strengthening of the RSI in line with the price increase, provides a textbook example of momentum confirmation. This suggests that as long as Bitcoin (BTC) can maintain support above $107,000, the opportunity to continue the uptrend is very much open. Investors and traders should keep an eye on this indicator to make informed investment decisions.

Read More: Bitcoin (BTC) Price Prediction: Influenced by the Fed’s Interest Rate Decision on October 29, 2025

Rejection at $111,000: Bullish Momentum Hindered

According to the latest analysis from Crypto VIP Signal, Bitcoin (BTC) is struggling after failing to maintain its upward momentum above $111,000. The rejection at this point indicates that the selling pressure is still strong, which temporarily restrains the bullish momentum. This is a signal for traders to be prepared in case of a change in market direction.

Despite the rejection, there is still a chance that Bitcoin (BTC) could try to break the upper limit again. Successfully defending the support at $107,000 will be key to unlocking further upside potential. Analysts suggest staying vigilant and paying attention to market signals.

Related Analysis and Market Movements

With Bitcoin (BTC) potentially testing $114,000 again, investors should remain cautious. Relevant analysis shows that despite the potential upside, the market is still fraught with uncertainty. In addition, Bitcoin’s (BTC) on-chain activity declining below the 365-day average suggests that there may be a loss of momentum.

It is important for investors to consider all these factors when making investment decisions. Understanding market dynamics and following analysis from various sources can help in identifying opportunities and risks.

Conclusion

Despite some challenges, the long-term outlook for Bitcoin (BTC) remains positive. By maintaining critical support and utilizing momentum confirmation through RSI, market movers have the opportunity to push prices higher. However, it is important to remain vigilant and responsive to changing market dynamics.

Read More: Ethereum Price Prediction: Here’s the Long-Term & Short-Term Bullish Potential

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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 Points to More Upside. Accessed on October 23, 2025