Bitcoin (BTC) Getting Ready to Surge? Check out the latest analysis (10/23/25)

Jakarta, Pintu News – In the past 24 hours, Bitcoin price has seen a decline of over 1%, now trading around $108,200 after sellers pushed BTC down from daily peaks and breakout opportunities. Although short-term pressure is still being felt, on-chain data and charts suggest that this drop could be temporary. A broader Bitcoin (BTC) price rebound may already be taking shape.

Decreasing Selling Pressure and Reaccumulation Signal

One interesting metric to watch is the MVRV Z-Score, which compares the market value of Bitcoin (BTC) to its fair value. This score is still near a six-month low of 1.96, up slightly from 1.90 on October 17. This small increase is important as it suggests that sellers may be losing momentum.

When a similar pattern occurred between September 25 and 27, the MVRV rose from 2.09 to 2.11. The price of Bitcoin (BTC) then surged by almost 14%, from $109,692 to $124,714 within one week. This pattern shows that even though the selling pressure eased, long-term holders did not give up, but they held on during the downturn.

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

Supporting Metrics and Market Expectations

The Spent Coins Age Band metric, which tracks the amount of supply moved by holders in a given timeframe, also supports the view led by MVRV. Coins held for 365 days to 2 years fell from 25,263 to 103 BTC units spent, a 99.6% drop between October 14 and 22. Short-term coins (7-30 days) dropped from 13,273 to 145, a 98.9% decline since yesterday.

This sharp decline indicates that fewer coins are being sold, meaning both long-term and short-term sellers are losing momentum. This suggests that large holders are stabilizing, short-term profit takers are almost done, and selling fatigue may be setting the stage for a rebound.

Bitcoin (BTC) Price Chart Analysis

On the 12-hour chart, Bitcoin (BTC) continues to move inside a falling wedge pattern, which usually breaks to the upside. Bitcoin (BTC) price briefly tested the upper limit near $114,000. However, the long upper wick showed sellers stepping in, pulling the price back to near $108,000. Nonetheless, the doji candle that formed afterward signaled uncertainty between buyers and sellers, often the last phase before a reversal.

The Relative Strength Index (RSI), which tracks the strength and speed of price movements, supports this. Between September 25 and October 21, Bitcoin (BTC) price made lower lows while the RSI made higher lows, forming a bullish divergence. This setup often signals a decrease in selling pressure before a trend reversal occurs.

Conclusion

If Bitcoin (BTC) manages to break above $111,500 (the upper limit of the wedge), it could confirm a short-term breakout towards $114,000. A strong close above that level would open the door for a rally towards $116,000, with a further push towards $124,200 if momentum strengthens. However, a drop below $107,500 will delay this move, while a drop below $103,500 will derail the bullish outlook completely.

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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

• BeInCrypto. Bitcoin Price Breakout Delayed by Sellers. Accessed on October 23, 2025