
Jakarta, Pintu News ā Although investors are expecting a bullish trend in the usually strong fourth quarter, a leading crypto analyst warned that the rally supported by historical patterns may not be repeated this time.
Bitcoin price has fallen more than 10% from its previous record high of $124,457. Various indicators and market data suggest that the difficult period may still continue. Read our full analysis and predictions for BTC price in Q4 2025!
October is known as a strong month for Bitcoin (BTC) price increases, but this year may be different. On September 24, 10x Research predicted that Bitcoin (BTC) price could fall or rise by $20,000 due to āconverging key technical levels.ā The crypto options market is showing warning signals, with traders inclined to bet against a possible rise.
Meanwhile, some on-chain indicators are showing stress points that have historically marked major trend changes. Macroeconomic factors affecting the crypto market also add to the indications that a major surprise is possible in the fourth quarter. Although 10x Research has accurately predicted fourth-quarter bullish rallies for the past three years, the current situation seems more uncertain.
Read also: Bhutan Government Transfers $47 Million Worth of Bitcoin Back, Whatās the Impact?
Julio Moreno, head of research at CryptoQuant, revealed that the net short position maintained by the whales is the main reason why Bitcoin (BTC) price has been on the decline. In one month, the whales have sold 147,000 BTC and the total balance is declining at the fastest monthly rate in this cycle.

This suggests that major investors may be losing confidence in Bitcoinās (BTC) short-term prospects. The negative sentiment amplified by seasonal weakness and historical peak patterns has triggered massive selling in the crypto market.
This is evident from the outflows from spot Bitcoin (BTC) ETFs and the exit of key entities, including the Satoshi-era Bitcoin (BTC) OG. Today, Matrixport predicts $109,899 as the critical level to watch, with the bull market remaining intact as long as Bitcoin (BTC) holds above it.
Also read: Tom Leeās Prediction: Ethereum (ETH) Could Reach $12,000 by the End of the Year!

Currently, Bitcoin (BTC) is trading at $112,550, down 5% on the week. The lowest and highest prices in 24 hours were $111,229 and $113,351, respectively. Trading volume has dropped further by 13% in the past 24 hours, indicating a decline in interest among traders. If Bitcoin (BTC) price falls below $109,580, the STH Bitcoin (BTC) Base Cost (Realized Price) indicator suggests that the price will turn bearish.
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*Disclaimer
This content aims to enrich readersā information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an assetās past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
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