Bitcoin’s $111k Stalemate: When Will It Break? 💸

by

Markets

What to know:

  • Bitcoin stayed range-bound over the 24-hour window with no decisive break. 🤷‍♀️
  • A standout volume surge marked a defense of support while rallies met supply near the range top. Like a toddler holding a snack hostage. 🍫
  • The next move hinges on a clean break: hold above the ceiling to target the next resistance shelf; lose support to revisit the prior base. It’s a game of chicken, but with numbers. 🚗

Bitcoin slipped into a tight holding pattern, trading below a clean breakout threshold at 08:00 UTC as buyers and sellers marked out a narrow corridor with clear levels above and below. It’s like a Netflix show that never ends. 🍿

Session overview

According to CoinDesk Research’s technical analysis data model, bitcoin moved from $111,157 to $111,634 during the 24 hours ending Oct. 25, 08:00 UTC, contained inside a roughly $2,025 (about 1.8%) band. The session’s map set resistance around $111,800-$111,900 and support near $109,800, with no dominant catalyst to force a sustained move. It’s the financial equivalent of “meh.” 😒

Volume and intraday context

Trading activity peaked at 14:00 UTC on Oct. 24, when volume rose to 23,728 BTC – about 180% above the 24-hour average of 8,200 BTC – while price pressed into $109,818 and stabilized. Into the final hour of the window, bitcoin eased from $111,745 to $111,545 (about 0.18%) as turnover cooled to around 85 BTC per minute versus a prior roughly 135 BTC per minute, then coiled between $111,540 and $111,645, consistent with consolidation. It’s like a yoga class for your portfolio. 🧘‍♂️

What to watch next

A clean break and hold above $112,000 on UTC closes would shift focus to $115,000. Losing $109,800 would bring $108,000 back into view. The market’s got more suspense than a thriller with a twist ending. 🎬

CoinDesk 5 Index (CD5) snapshot

Over the same window, CD5 rebounded intraday from 1,920.75 to 1,961.57 before settling at 1,940.94 by Oct. 25, 08:00 UTC, leaving momentum mixed just below the 1,950 area. It’s like a bad dating app match-still swiping, but not impressed. 💔

Moving averages

CoinDesk Research’s model places the 200-day near $108,000 and the 100-day near $115,000 as reference levels during the window ending Oct. 25, 08:00 UTC. It’s the financial version of “I’m not deciding, I’m just… considering.” 🤔

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2025-10-25 12:55