Basic Points:
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Bitcoin risks are new October lows as sellers regulate and BTC price detection is held.
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The targets include local ranges of lows around $ 108,000 among bearish divergences.
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Strength is lacking as sunny losses near 3%.
Bitcoin (Btc) Approach weekly lows after Wall Street opens Thursday while sellers have stopped bulls from discovering prices.
“Bitcoin” likely “will give way to shorts to the next
Data from Cointelegraph Markets Pro and Tradingview showed BTC/USD to sink below $ 120,000.
Dropped by about 3% during the day, the pair proceeded to cut through the liquidity of the bid in the exchange order books.
“The market still quoted the bid’s liquidity around $ 121k- $ 120k but all we need to see next is the absorption of Latest commentary on the market In X.
Skew added that the market is “likely to be dominated by the new opening of the shorts” in the short time.
Meanwhile, the indicators of the trade resource material are temporarily in line with the marriage -owned trading tools to highlight the repetitive test of close support.
“Now we are facing a th -3 -sequence -sun -day -day tribute to supporting the trend,” it Summary next to an accompanying chart.
“Losing the trend will open the door to a Q4 Timescape level support test at $ 114K.”
Data from Coinglass showed a lack of bid support of less than $ 120,000 mark at the time of writing, while asking increased above.
BTC price weakness finds $ 108,000 back to radar
Considering the longer timeframes, the famous Roman businessman has again provided a violent situation in which Bitcoin found itself, despite recent high-time highs.
Related: BTC October Breakout Odds Low: 5 Things to Know Bitcoin this Sunday
“It is a gentle reminder that we have re -printed more differences -Various, low volume, and lack of momentum in HTF. Both 1W & 1M,” said X followers.
$ Btc 1w
A friendly reminder that we have re -printed more differences -vary, low volume, and lack of momentum in HTF. Both 1w & 1m.
We called the move from 107-124K perfectly, now I see us moving less, potential 108k again.
I don’t see the strength here. pic.twitter.com/pdefp535eg
– Roman (@Roman_Trading) October 9, 2025
Roman foretold that local Lows ranges to $ 108,000 could play again, something It’s on the radar For October.
Earlier, Cointelegraph reported In a separate review, seeing a bullish BTC price breakout that would come only after October.
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