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Bitcoin News Update: BTC's Golden Cross—Will It Surge to $130k or Revisit $100k?

Bitcoin News Update: BTC's Golden Cross—Will It Surge to $130k or Revisit $100k?

Bitget-RWA2025/10/24 19:14
By:Bitget-RWA

- 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,

is valued around $108,200, consolidating between $107,000 and $114,000 after a steep correction earlier in October, . Should BTC break above $115,000, it could rally toward $125,000–$130,000, driven by institutional investments and favorable macroeconomic conditions. On the other hand, dropping below $107,000 could trigger a move down to the $100,000–$105,000 support area, according to Crypto.news.

Bitcoin News Update: BTC's Golden Cross—Will It Surge to $130k or Revisit $100k? image 0

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,

. If this scenario unfolds, BTC could climb to $113,000 and possibly $126,000, echoing recoveries seen in 2024 and 2025, according to TradingView.

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,

. While support at $3,874 is holding for now, a drop below this level could speed up a decline toward $3,700. Conversely, a strong close above $4,004 could revive bullish momentum, aiming for $4,450, Ecoinimist notes.

Major altcoins remain confined within ranges, with buyers defending crucial levels but unable to spark sustained rallies.

(BNB) is facing resistance at $1,156, while (XRP) and (SOL) are trading close to their 20-day EMAs at $2.52 and $196, respectively, according to TradingView forecasts. (DOGE) remains stuck below $0.21, with $0.18 serving as a key support level. (ADA) and (XLM) also display mixed technical signals, with further direction hinging on their ability to break above important moving averages.

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

and the possibility of token unlocks that could weigh on the price.

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.

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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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