Bitcoin News Update: BTC's Golden Cross—Will It Surge to $130k or Revisit $100k?
- Bitcoin nears $108,200 with potential golden cross signaling $115,000+ breakout or $100,000 retest amid consolidation. - Ethereum struggles at $3,940 with bearish 9-day EMA, facing $3,700 support or $4,450 rally on decisive $4,004 breakout. - Altcoins remain range-bound: BNB at $1,156, XRP/SOL near 20-day EMAs, DOGE trapped below $0.21 critical resistance. - Chainlink (LINK) targets $20–$25 with AI models, but faces Pyth Network competition and token unlock risks per Yahoo Finance.
Bitcoin (BTC) traders are watching for a possible golden cross on the 3-day chart—a technical pattern often associated with bullish momentum. As of October 22, 2025,
At the same time, analysts suggest BTC is entering a "disbelief phase," where persistent bearish attitudes might set the stage for a short squeeze. Negative funding rates in derivatives point to ongoing caution among traders, but if consolidation continues, a sharp upward move could occur as shorts are forced to close,
Ethereum (ETH) is struggling to regain upward traction, trading near $3,940 with technical signals remaining mixed. The 9-day exponential moving average (EMA) is still below the 20-day EMA, indicating a short-term bearish trend,
Major altcoins remain confined within ranges, with buyers defending crucial levels but unable to spark sustained rallies.
Chainlink (LINK) stands out as a leading AI-identified crypto asset, with projections suggesting a surge to $20–$25 if accumulation on-chain and institutional interest persist. Upcoming catalysts include updates from the SWIFT/DTCC pilot and a weaker U.S. dollar, as outlined in a Yahoo Finance article. However, risks remain, such as competition from
The cryptocurrency market remains finely balanced, with Bitcoin’s consolidation and Ethereum’s technical challenges influencing short-term sentiment. Institutional participation and stable macroeconomic factors provide support, but volatility is ever-present. For altcoins, sustained moves above resistance levels are essential to confirm a broader return to bullish market conditions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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