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October 16, 2025Crypto Daily logoCrypto Daily

Bitcoin Bulls Fight to Hold $BTC Above Key Support Levels

Perhaps due in part to the continued war of words between the US and China over trade, the Bitcoin price has failed to maintain its recovery and is trading ￰0￱ major trendline and one major support level are all that prevent Bitcoin from a further big dip to the ￰1￱ $BTC start to gain strength against gold? Bitcoin continues to look weak as gold and silver show amazing strength during this current period of sometimes intense uncertainty as President Trump ramps up and then cools down the war of words with ￰2￱ said, both gold and silver are heavily overbought now while Bitcoin is becoming ￰3￱ Bitcoin finally start to recover from here?) has come into play already, acting as support for last Friday’s ￰4￱ may well be that this moving average becomes support once again, especially as it converges with the $108,000 horizontal ￰5￱ trendline has to hold

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