Between Fear and Patience: Bitcoin Holds the Line at $108K || Oct 23, 2025
Markets pause as political headlines weigh on risk assets while crypto awaits Friday’s CPI trigger.
🪙 Crypto Market Overview
Bitcoin is attempting to stabilize above $108,000 even as global markets turn cautious following reports that the Trump administration may impose new restrictions on Chinese goods.
The upcoming Trump–Xi meeting in South Korea is adding uncertainty, and traders now shift focus toward Friday’s U.S. CPI inflation data — a key test for risk appetite.
📅 Want Our Full Analysis, 7 Days a Week?
Today’s post may be one of our 4 free weekly issues, but Premium members unlock all 7 daily issues.
Premium also includes:
• Exclusive Deep Dives – At least 1 extra strategy report per week.
• On-Demand Reviews – Request analysis on popular coins/tokens.
⚙️ Technical Picture
Bitcoin continues to consolidate inside a wedge formation with resistance near $113,000 and support around $101,500.
Liquidity data shows short-side liquidation clusters just above price — a potential magnet for a brief upward push — while heavier long liquidations still sit far lower, near the $105,000 zone.
If BTC cannot reclaim and hold $115,000 soon, the pattern favors another retest of the October lows.
Open interest remains subdued, funding rates are easing, and spot demand is steady — a setup that could support a short-term bounce, but sustainability depends on improved retail positioning.
📊 On-Chain & Market Flow
💡 Our momentum model continues to signal cautious conditions, suggesting that sentiment has not yet fully reset.
💡 Retail traders remain heavily positioned on the long side — a structure that historically precedes volatility spikes.
💡 On-chain data show total BTC and ETH supply in profit declining, reflecting choppy trading and reduced conviction.
💡 ETH development activity also lags, hinting that price could drift toward its yearly pivot near $3,100 if BTC breaks below support.
💬 Final Thoughts
Bitcoin is holding its ground for now, but without renewed momentum above $115K, downside risk persists.
The next 48 hours hinge on CPI results: a hotter-than-expected print could trigger risk-off flows, while a softer number may give bulls a window to reclaim $113K and $115K.
ETH remains particularly fragile and needs to defend the $4,225 region to avoid a deeper correction toward $3,100.
🎯 Strategy Outlook
Short-Term ( Days ) — Neutral / Volatile. BTC can still test $112,000-113,000, but it’s unlikely to be sustained.
Medium-Term ( Weeks ) — Bullish above $120K
Long-Term ( Months ) — Cycle target ~ $230K valid unless $72K fails
🔔 Premium Signals CTA
🔔 Premium Signals 👉 Access premium signals
This newsletter is published daily on Substack. Four editions each week are free — the rest are for premium subscribers.