Key points:
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Bitcoin remains volatile on Wall Street which opened with $110,000 making a reappearance.
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Liquidity conditions have thickened around price as the 21-week moving average is now crucial to recover.
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Gold prices fall from a rematch with all-time highs.
Bitcoin (BTC) Buyers and sellers battled for control at Tuesday’s Wall Street Open as gold fell.
Bitcoin bounces after rematch with CME futures gap
Data from Cointelegraph Markets Pro and TradingView showed a warming of BTC price volatility.
After going down towards the weekend gap in the CME Group’s Bitcoin Futures Market – but not filling it – BTC/USD reversed upwards, passing the $110,000 mark.
The pair surfed changing liquidity conditions on the exchange’s order books, with both bids and asks coming and going as the entities attempted to influence price performance.
Data from the monitoring source Coinglass revealed a general thickening of liquidity around the spot price.
“It’s been a while since liquidity has looked like this with funding rates around negative territories,” entrepreneur Luca write On topic in an X post.
The post referenced funding rates across derivatives exchanges, indicating a risk-off mentality among traders, with general expectations of further falls to come.
Both Luca and others mentioned A large potential price “magnet” in the form of those who asked $ 116,000 and up.
Meanwhile, the trader’s trader and analyst flagged the 21-week exponential moving average (EMA) as the main level of resistance for the bulls to beat.
“Bitcoin finds resistance at 21-week Ema (green) write next to a chart.
“Bitcoin needs to continue holding orange as support to not only maintain a potential early phase higher but position itself for a retracement of the 21-week EMA later.”
Gold “Double Top” in sight as daily dip hits 5%
Volatility is not only confined to crypto markets during the day.
Related: Ethereum fails again above $4K as traders grow frustrated with the shakeups
Gold, which posted all-time highs in recent days, now finds itself at risk of a “double top” bearish trend reversal after suffering more than 5.5% daily losses.
$ Gold. Will EQH be a double top? If so, the target is around 4K. pic.twitter.com/qlh7qm2x21
-htl-nl 🇳🇱 (@htltimor) October 21, 2025
James Stanley, a senior strategist at Forex.comis among the forecasts of a retest of $ 4,000 if the structure is played.
“If the Neckline Break and Price Clear the Expected Move, that’s a 4K Test,” He He He said X Followers on part of his latest X analysis, which featured Fibonacci retracement levels.
Trader Tony suggested that Bitcoin and Altcoins could benefit from a cooling off in Gold’s historic bull run.
“Riskier asset classes hold more weight in uncertainty and gold is the top of this chain,” he write to xseeing gold as the reason for crypto’s underperformance.
“When it pulls back, expect a crypto boom.”
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should do their own research when making decisions.
