Bitcoin Climbs to $110,000 Today – But Is a Pullback on the Horizon?

Jakarta, Pintu News – Bitcoin (BTC) is still struggling to bounce back after failing to maintain its momentum above important support levels. The major cryptocurrency’s inability to return to its previous position reflects the weakening of the overall market structure.

Recent data suggests that bearish sentiment is growing stronger, with various on-chain and volatility indicators showing a decline in investor confidence. So, how is the current Bitcoin price moving?

Bitcoin Price Rises 2.13% in 24 Hours

On October 24, 2025, Bitcoin was trading at $110,051, equivalent to approximately IDR 1,833,054,199—marking a 2.13% increase over the past 24 hours. During this time, BTC dipped to a low of IDR 1,793,017,719 and reached a high of IDR 1,854,262,146.

At the time of writing, Bitcoin’s market capitalization is estimated at around IDR 36,387 trillion, while its 24-hour trading volume has dropped by 32%, settling at IDR 952.39 trillion.

Read also: 16,000 ‘Sleeping’ Bitcoins Suddenly Move, Whale Loss Pressure Reaches $7 Billion?

Bitcoin May Face Hurdles

The Supply Quantiles model shows increasing bearish sentiment towards Bitcoin’s short-term outlook. The model monitors the level of the cost basis based on specific quantiles-specifically at the 0.95; 0.85; and 0.75 thresholds-which depict the portion of Bitcoin supply that is currently being held at a loss.

Currently, Bitcoin is trading below its short-term cost basis hold at $113,100, signaling the pressure felt by new buyers due to the continuous weak market conditions.

More worryingly, BTC is still below the 0.85 quantile at $108,600. Historically, missing this level often signals structural weakness and the potential for a broader correction.

If this pattern continues, Bitcoin could retest the 0.75 quantile which is around $97,500. This suggests that in the near term, selling pressure is likely to dominate, as the market’s staying power decreases.

Macro-wise, Bitcoin’s momentum is starting to show signs of cracking as volatility conditions change. The 1-month Volatility Risk Premium-the difference between implied volatility and actual volatility-has turned negative for the first time in four months. This signals the end of the stable phase of low volatility that previously favored passive income strategies for option sellers.

With the return of volatility, short-gamma positions are starting to face more pressure. This change from a passive to a reactive state indicates that larger price movements may be on the horizon, which could exacerbate Bitcoin’s difficulty in stabilizing above important technical levels.

Read also: 2 Crypto to Watch Ahead of October US CPI Report 2025

BTC Price has the Potential to Decline

As of October 23, Bitcoin is trading at $108,772, slightly above the crucial $108,000 support area. However, the repeated failure to convincingly break this level reflects the fragile market sentiment as well as the lingering hesitancy of both institutional players and retail investors.

Moreover, the lack of strong buying activity suggests that confidence in the near-term recovery is still low.

If the bearish pressure continues, Bitcoin price risks breaking below $108,000 and testing the next support area at $105,585 or even $105,000. This drop could magnify investor losses and emphasize the risk of further correction in the near term, thus reinforcing the current consolidation phase.

Conversely, if Bitcoin is able to hold the $108,000 level and bounce up, then a potential relief rally towards $110,000 could occur. A consistent movement above the resistance could pave the way to $112,500 and potentially abort the current bearish scenario.

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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 have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• BeInCrypto. Bitcoin Price Faces Rising Weakness, Struggling Around $108,000. Accessed on October 24, 2025