Though Bitcoin once soared beyond the celestial threshold of $125,000, the six-year “Uptober” saga teeters on the edge of oblivion. The moon of October, which has graced the market with its silver glow since 2013, now casts a shadow of doubt. Only two years-2014 and 2018-dared to paint the skies red, while 2019 through 2024 basked in uninterrupted golden light. Yet, as the clock ticks toward the monthly close, the stars whisper of a possible fracture in this cosmic dance.
Fresh whispers from the blockchain’s oracle caution that Bitcoin must reclaim the sacred cost-basis zone, lest the specter of decline loom anew. The Risk-Off Signal, that fickle bard of volatility, now sings a more tempered tune, as if the market has learned to dance with chaos rather than flee from it. But beware, for even the most seasoned dancers may trip if the floor shifts beneath their feet.
The Shadow of the Deep Correction
As if conjured by a sorcerer’s quill, the $106,000-$108,000 range haunts the market like a ghost. Each return to this realm weakens the Risk-Off Signal, a testament to the market’s maturation. Yet, the elders of the crypto realm warn that stability is but a fleeting illusion, dependent on the alchemy of reclaiming lost ground. Without it, the shadows of bearish winds may yet stir.
Meanwhile, the scribes of the market note that long-term holders, those stoic sentinels of the blockchain, have begun to shed their digital treasures. A staggering 810,000 BTC has vanished since July, their hoard reduced from 15.5 million to 14.6 million. Yet, despite this exodus, Bitcoin still dares to touch new heights, as if the market’s heart beats stronger than the fears of its stewards. But should this tide of profit-taking persist, the bulls may find their horns dulled, and the market’s bullish potential shackled.
In a twist of fate, the crypto oracles at CryptoQuant reveal that the ancient whales, those titans who have weathered storms of yore, have harvested a bounty of $271 million in 2025. This third such harvest of the year is a harbinger of upheaval, as liquidity bends to the whims of the giants. Analysts speculate whether these titans foresee a tempest or merely seek to rebalance their celestial scales.
The next chapter hinges on the short-term holders-will they absorb the profits, forging a path of calm, or will they unleash a deluge of selling, plunging the market into a frosty slumber?
The $123,000 Oasis or the $93,000 Abyss?
In a proclamation to the cryptic scribes of CryptoPotato, Arthur Azizov, the seer of B2 Ventures, speaks of Bitcoin’s current truce, a tenuous balance since July 2025. The asset, like a phoenix, has bounced from the lower bounds of its realm, hinting at a potential rebirth. If the cosmos aligns in favor, Azizov envisions Bitcoin ascending to $123,000, a beacon of hope amidst the storm. But should it falter below $100,000, the abyss of $96,000-$93,000 may beckon, a reminder of the market’s capricious nature.
“Consider the 0.618 Fibonacci retracement, a mystical number that aligns with the weekly imbalance zone. Should Bitcoin tread this path, it may yet find its footing, though I doubt it shall descend so far. The forces of support are too numerous, too fervent, to allow such a fall.”
Read More
- Gold Rate Forecast
- 12 Saddest Backstories in My Hero Academia, Ranked
- Brent Oil Forecast
- SILENT BUT DEADLY: Top 8 Stealth Weapons in Cyberpunk 2077 You Need Now
- The Elder Scrolls 4 Oblivion Remastered Guide – How To Sell Stolen Goods
- Oblivion Remastered: How to Restock Shops
- Silver Rate Forecast
- Monster Hunter Wilds Tempered Gore Magala Guide: How To Defeat, Weaknesses, and More
- Obi-Wan Star Cards: Ranked
- Sakamoto Days: Every Member Of The Order, Ranked
2025-10-31 21:49