Bitcoin Price Drop Continues, Crypto Market Still Under Pressure? (10/31/25)

Updated

October 31, 2025

Gambar Bitcoin Price Drop Continues, Crypto Market Still Under Pressure? (10/31/25)

Jakarta, Pintu News – Bitcoin experienced another price drop below $112,500, indicating the potential for further declines if it remains below the $112,000 resistance.

Current Bitcoin Market Conditions

Bitcoin (BTC) failed to maintain its position above the $113,500 pivot level and experienced further declines. The crypto dropped below $112,500 and $112,000, entering the bearish zone.

This drop occurred below the 61.8% Fibonacci retracement level of the previous rise that started from a low of $106,718 to a high of $116,310. Currently, there is a bearish trend line forming with resistance at $111,500 on the hourly chart of the BTC/USD pair.

Also Read: 5 Strong Signals Dogecoin (DOGE) Could Explode in November: Here’s What Analysts Say

Recent Technical Analysis

Bitcoin (BTC) is now trading below $112,000 and the 100 hourly simple moving average. If buyers try to push the price up, they will face resistance near the $111,500 level and the trend line. The first key resistance is near $112,000.

The next resistance could be at $112,500. If it manages to break above $112,500, the price could go even higher, possibly reaching the resistance of $113,200 and then $113,500. The next limits for the buyers could be at $115,000 and $115,500.

Potential for Further Decline

If Bitcoin (BTC) fails to rise above the $112,500 resistance zone, it is likely to continue moving down. Immediate support is near the $110,000 level. The first major support is near $108,800 or the 76.4% Fibonacci retracement level of the previous rise from $106,718 to $116,310.

The next support is now at the $108,000 zone. A further drop could take the price towards the $106,500 support in the near term. Key support is at $103,500, below which BTC may struggle to recover in the short term.

Bitcoin Market Outlook

Technical indicators show an increase in bearish momentum. The Relative Strength Index (RSI) for BTC/USD is now below the 50 level. With support and resistance established, investors and traders should take note of these levels to make informed investment decisions. The market may still come under pressure if the risk-off sentiment continues in the global financial markets.

Also Read: Will Ripple (XRP) Surge Before 2030? Check out his bold prediction!

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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.