Bitcoin Price Dips Deeper Into Red — Traders Eye Next Support Near $105,500

Aayush Jindal

Last Updated: October 17, 2025 2:21 am

2 mins read

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Bitcoin price is struggling to settle above $112,500 and $113,000. BTC is now moving lower and might start another decline below $108,000.

Bitcoin started a fresh decline after it failed to clear the $113,000 resistance level.
The price is trading below $110,000 and the 100 hourly Simple moving average.
There is a bearish trend line forming with resistance at $110,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair might continue to move down if it trades below the $107,500 zone.

Bitcoin Price Dips Again

Bitcoin price failed to surpass the $113,000 resistance level and started a fresh decline. BTC dipped below the $112,000 and $110,500 support levels to enter a bearish zone.

The price even dipped below $108,000. A low was formed at $107,483 and the price is now consolidating losses below the 23.6% Fib retracement level of the recent decline from the $115,975 swing high to the $107,483 low.

Bitcoin is now trading below $110,000 and the 100 hourly Simple moving average. Besides, there is a bearish trend line forming with resistance at $110,500 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $109,500 level.

Bitcoin Price — Source: BTCUSD on TradingView.com

The first key resistance is near the $110,000 level. The next resistance could be $110,500 and the trend line. A close above the $110,500 resistance might send the price further higher. In the stated case, the price could rise and test the $111,800 resistance since it is close to the 50% Fib retracement level of the recent decline from the $115,975 swing high to the $107,483 low. Any more gains might send the price toward the $112,500 level. The next barrier for the bulls could be $113,000.

Another Decline In BTC?

If Bitcoin fails to rise above the $110,000 resistance zone, it could start a fresh decline. Immediate support is near the $108,000 level. The first major support is near the $107,500 level.

The next support is now near the $106,200 zone. Any more losses might send the price toward the $105,500 support in the near term. The main support sits at $103,200, below which BTC might struggle to recover in the short term.

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.

Major Support Levels – $108,000, followed by $107,500.

Major Resistance Levels – $110,000 and $110,500.

Aayush Jindal

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.

From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
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In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.

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