Internet Computer (ICP) was also an underperformer, down 2% from Monday.
Following the flash crash of last week, the Bitcoin price has once again sunk to similar depths, albeit in a more steady price correction. Notably, the leading cryptocurrency dipped below $105,000 on Friday as crypto liquidations rose to above $1.2 billion. However, underlying investor buying activity paints an encouraging picture of a potentially bullish rebound.
Bitcoin Net Taker Volume Hits $309 Million Despite Price Fall
In a QuickTake post on X, popular analyst Amr Taha shares an exchange activity update on the Bitcoin market amidst a significant price correction. The pundit reports a major uptick in buying pressure, which suggests investors may be quietly accumulating despite the present price weakness.
Notably, on-chain data shows that the Bitcoin crash to below $105,000 coincided with a spike in the net taker volume on Binance to around $309 million, marking its first positive zone since October 10. In trading terms, buy-taker volume represents orders that actively hit the ask, i.e., traders willing to buy immediately at market price rather than waiting for a better entry.
The move indicates that, despite short-term volatility, there remains a deep undercurrent of bullish conviction among Bitcoin holders and traders. This high accumulation activity during a price demand usually precedes local bottom formations, as aggressive buyers absorb selling pressure, setting the stage for a parabolic price rebound.
Furthermore, while the taker volume surged, Amr Taha reports that the open interest (OI), which measures the total number of outstanding futures and perpetual contracts, failed to rise in tandem. This divergence suggests that trading activity is concentrated in the spot market rather than in leveraged derivatives, reinforcing the fact that investors are actively participating in the present market state.
In summary, the renowned crypto analyst views this exchange activity development as a potential bullish undercurrent. Taha explains that spot accumulation around key liquidity levels, such as the $105K zone, often serves as a foundation for future price recoveries once selling pressure subsides.
Bitcoin Rebound Verified By Gold Price Surge
In other news, a market analyst with the username Crypto Jebb echoes Bitcoin’s chances of a major price rebound. However, the expert anticipates the premier cryptocurrency may still see a further decline before eventually finding a bottom around $92,000.
In line with a growing notion, Jebb hinges his bullish thesis on a potential rotation of capital from the gold market to Bitcoin once the former hits a new market peak. Notably, gold is currently maintaining an impressive bullish momentum, having become the first asset to surpass a $30 trillion market capitalization value.
Jebb predicts an eventual capital rotation when the gold market starts to correct, with potential inflows expected to push Bitcoin to around the $150,000 price mark in January. At press time, Bitcoin trades at $107,053, representing a 0.74% decline in the past day following a modest recovery effort.
Luisa Crawford
Oct 17, 2025 18:26
AVAX price drops to $20.08 following 1.67M token unlock, testing key support as broader crypto market weakness compounds selling pressure from increased supply.
Quick Take
• AVAX trading at $20.08 (down 4.4% in 24h)
• 1.67 million token unlock creates supply pressure amid market downturn
• Critical $20 support level being tested with RSI approaching oversold
• Following Bitcoin’s weakness as risk-off sentiment dominates crypto markets
Market Events Driving Avalanche Price Movement
The primary catalyst behind AVAX price weakness stems from the October 13 token unlock event, which released 1.67 million AVAX tokens worth approximately $35.8 million into circulation. This unlock represents 0.39% of the total circulating supply, creating immediate downward pressure on the token’s price action.
The timing of this unlock proved particularly challenging as it coincided with broader crypto market weakness that has persisted through October 14-17. The combination of increased supply hitting the market during a period of reduced demand has accelerated AVAX’s decline from recent highs, with the token falling from $22.38 on October 14 to the current $20.08 level.
This supply shock effect is amplified by the current risk-off environment across digital assets, where investors are reducing exposure to altcoins in favor of more defensive positioning. The unlock mechanism, while programmatic and expected, often creates short-term selling pressure as recipients look to realize profits or institutional holders rebalance portfolios.
AVAX Technical Analysis: Testing Critical Support Zone
Price Action Context
AVAX price is currently trading well below all major moving averages, signaling a clear bearish technical structure. The token sits 24.7% below its 20-day SMA at $26.68 and 27.6% below the 50-day SMA at $27.73. However, the current price of $20.08 is holding just above the 200-day SMA at $22.98, which could provide longer-term support if tested.
The 24-hour trading range of $19.03 to $21.27 shows contained volatility despite the negative price action, suggesting potential consolidation around current levels. Volume on Binance spot markets reached $125.87 million, indicating healthy participation during the decline.
Key Technical Indicators
The RSI reading of 30.96 places AVAX in neutral territory but approaching oversold conditions, which historically has provided bounce opportunities for the token. The MACD configuration shows bearish momentum with the main line at -2.27 below the signal line at -1.43, and the histogram at -0.83 confirming continued downside pressure.
Avalanche’s position within the Bollinger Bands reveals significant technical stress, with the %B reading of 0.10 indicating the price is trading very close to the lower band at $18.39. This positioning often signals potential for mean reversion back toward the middle band at $26.68.
Critical Price Levels for Avalanche Traders
Immediate Levels (24-48 hours)
• Resistance: $21.92 (7-day SMA acting as dynamic resistance)
• Support: $19.03 (24-hour low and psychological $19 level)
Breakout/Breakdown Scenarios
A break below the $19.03 support could trigger accelerated selling toward the lower Bollinger Band at $18.39, with the next major support zone around $16.04 representing the 52-week low. Conversely, a recovery above the 7-day SMA at $21.92 would signal potential for a test of the $23.73 EMA level.
AVAX Correlation Analysis
Bitcoin’s concurrent weakness is providing additional headwinds for AVAX price action, as the correlation between major altcoins and BTC remains elevated during market stress periods. The broader cryptocurrency market downturn mentioned in recent events suggests systematic selling rather than AVAX-specific issues.
Traditional market factors appear secondary to crypto-native catalysts currently, though any significant risk-off moves in equity markets could compound the negative sentiment affecting digital assets broadly.
Trading Outlook: Avalanche Near-Term Prospects
Bullish Case
Recovery above $21.92 would indicate the token unlock selling pressure is being absorbed, potentially leading to a test of $23.73 resistance. A broader crypto market recovery could see AVAX benefit from oversold conditions with targets at $26.68 (20-day SMA).
Bearish Case
Failure to hold $19.03 support opens the door for a test of yearly lows around $16.04. Additional token unlocks or continued crypto market weakness could extend the downside pressure beyond current technical levels.
Risk Management
Traders should consider stops below $18.50 to limit exposure to a breakdown scenario. Given the Daily ATR of $2.84, position sizing should account for continued volatility as the market digests the supply increase from the recent unlock event.
Image source: Shutterstock
Luisa Crawford
Oct 17, 2025 16:38
Solana trading at $183.07 after SEC postpones ETF decision, testing key support near 200-day moving average while breaking year-long downtrend signals conflicting signals.
Quick Take
• SOL trading at $183.07 (down 2.3% in 24h) • SEC delays Solana ETF decision citing market integrity concerns • Testing critical support near 200-day moving average at $173.95 • Following broader crypto weakness as Bitcoin declines
Market Events Driving Solana Price Movement
The SEC’s decision yesterday to delay multiple Solana ETF applications has created immediate selling pressure on SOL price, with the token dropping from Tuesday’s highs near $192 to current levels around $183. The regulatory setback comes at a particularly sensitive time, as institutional investors had been positioning for potential ETF approval following the success of Bitcoin and Ethereum spot ETFs.
The postponement, citing concerns over “market integrity and investor protection,” represents a significant headwind for near-term SOL price appreciation. This regulatory uncertainty has overshadowed what was otherwise a constructive technical development earlier this week when Solana broke its year-long macro downtrend on October 13th.
Despite the ETF setback, the successful reclaim of the downtrend line as support suggests underlying strength in Solana’s market structure. However, the immediate focus has shifted to whether SOL can hold key technical levels amid this regulatory overhang.
SOL Technical Analysis: Testing Critical Support Zone
Price Action Context
SOL price currently sits just above its 200-day moving average at $173.95, marking the first significant test of this key long-term support level since the recent breakout. The token remains well below its shorter-term moving averages, with the 20-day SMA at $210.83 now acting as overhead resistance.
Trading volume on Binance spot market reached $1.23 billion in the past 24 hours, indicating heightened institutional interest during this technical test. The fact that SOL is holding above the 200-day MA despite negative news suggests some underlying buying support at these levels.
Key Technical Indicators
The RSI at 39.10 has moved into neutral territory from previously oversold levels, suggesting the selling pressure may be stabilizing. However, the MACD histogram at -3.54 continues to show bearish momentum, indicating the downward pressure hasn’t fully dissipated.
Bollinger Bands analysis shows SOL price positioned at just 0.11 within the bands, placing it very close to the lower band support at $175.10. This positioning often precedes either a bounce or a breakdown, making the next 24-48 hours critical for Solana technical analysis.
Critical Price Levels for Solana Traders
Immediate Levels (24-48 hours)
• Resistance: $192.33 (24-hour high and 7-day SMA convergence) • Support: $173.95 (200-day moving average and psychological level)
Breakout/Breakdown Scenarios
A break below $173.95 would target the strong support zone at $168.79, representing a potential 7-8% decline from current levels. Conversely, a successful defense of the 200-day MA with a move back above $192 would suggest the ETF delay impact is being absorbed and could target the immediate resistance at $210.
SOL Correlation Analysis
• Bitcoin: SOL is closely following Bitcoin’s weakness today, maintaining its typical 0.7-0.8 correlation during risk-off periods in crypto markets • Traditional markets: Limited impact from equity markets today, with crypto-specific regulatory concerns driving price action • Sector peers: Solana showing relative weakness compared to other layer-1 tokens due to ETF-specific headwinds
Trading Outlook: Solana Near-Term Prospects
Bullish Case
A successful hold above $173.95 combined with any positive regulatory clarity could trigger a sharp recovery toward $200-210 levels. The year-long downtrend break remains intact, providing structural support for higher prices once the ETF uncertainty clears.
Bearish Case
Failure to hold the 200-day moving average would likely trigger algorithmic selling toward $168.79, with further downside risk to $155-160 if broader crypto markets deteriorate. Extended regulatory delays could keep SOL price suppressed through Q4.
Risk Management
Conservative traders should consider stops below $170 to limit downside exposure. Given the 14-day ATR of $16.43, position sizing should account for potential 8-10% daily moves during this volatile period.
Image source: Shutterstock
Ted Hisokawa
Oct 17, 2025 06:10
LTC price prediction shows bearish momentum continuing with technical analysis pointing to $87-$95 trading range. Key support at $87.58 critical for Litecoin forecast.
LTC Price Prediction: Technical Weakness Points to Further Downside Risk
Litecoin continues to face mounting technical pressure as multiple indicators align to suggest additional downside risk in the coming weeks. With LTC trading at $91.70, down 2.92% in the last 24 hours, our comprehensive LTC price prediction analysis reveals a challenging technical landscape that could drive prices lower before any meaningful recovery begins.
LTC Price Prediction Summary
• LTC short-term target (1 week): $87.58 (-4.5% from current levels) • Litecoin medium-term forecast (1 month): $85.50-$95.90 range with bias toward lower end • Key level to break for bullish continuation: $101.21 (must reclaim with volume) • Critical support if bearish: $87.58, then $85.50 (Bollinger Band lower boundary)
Recent Litecoin Price Predictions from Analysts
The latest analyst predictions paint a consistently bearish picture for LTC. Changelly’s Litecoin forecast targeting $95.90 aligns closely with our technical analysis, citing the concerning decline below both 50-day and 200-day moving averages. AMB Crypto’s more optimistic $97.36 LTC price target appears increasingly unlikely given current momentum indicators.
The most conservative prediction from 30 Rates, projecting an LTC price target of $91.49, represents a 14.4% October decline that appears to be materializing. This consensus among analysts suggests institutional sentiment remains cautious on Litecoin’s near-term prospects.
LTC Technical Analysis: Setting Up for Extended Correction
Litecoin technical analysis reveals multiple bearish confluences that support our downside LTC price prediction. The RSI reading of 34.15 has moved into oversold territory without showing signs of bullish divergence, while the MACD histogram at -2.2859 confirms accelerating downward momentum.
Most concerning is LTC’s position relative to its Bollinger Bands, with a %B reading of 0.1379 indicating the price is hugging the lower band. This suggests continued selling pressure with limited immediate support until the mathematical lower boundary at $85.50.
Volume analysis from Binance shows $73.38 million in 24-hour trading, which remains below recent averages, indicating lack of conviction in any potential bounce attempts.
Litecoin Price Targets: Bull and Bear Scenarios
Bullish Case for LTC
For any meaningful recovery, Litecoin must first reclaim the $95.44 level (7-day SMA) with convincing volume. The primary LTC price target for bulls would be $101.21, representing the first significant resistance cluster.
A break above $101.21 could trigger short covering toward $103.07, though this scenario requires RSI to establish bullish divergence and MACD histogram to begin narrowing. The probability of this bullish Litecoin forecast materializing in the next two weeks remains low at approximately 25%.
Bearish Risk for Litecoin
Our base case LTC price prediction sees continued weakness toward the $87.58 support level, representing the next significant technical floor. A break below this level would likely accelerate selling toward the Bollinger Band lower boundary at $85.50.
The most bearish scenario involves a cascade below $85.50, which could trigger algorithmic selling toward the $80.00 psychological level. This represents a 12.8% downside risk from current levels and carries a 40% probability over the next month.
Should You Buy LTC Now? Entry Strategy
Current technical conditions suggest patience for potential LTC buyers. The optimal buy or sell LTC decision favors waiting for either a successful defense of $87.58 support or a capitulation flush to $85.50.
Conservative Entry Strategy: – Primary buy zone: $85.50-$87.58 – Stop loss: $82.00 (tight risk management) – Initial target: $95.90 (Changelly’s forecast level)
Aggressive Entry Strategy: – Scale into positions if LTC breaks above $95.44 with volume – Stop loss: $89.00 – Target: $101.21-$103.07 range
Position sizing should remain conservative given the uncertain macro environment and technical breakdown across multiple timeframes.
LTC Price Prediction Conclusion
Our comprehensive analysis supports a bearish LTC price prediction with high confidence (75%) for continued weakness toward $87.58 in the next 7-10 days. The Litecoin forecast for the remainder of October suggests a trading range between $85.50-$95.90, with bias toward the lower end.
Key indicators to monitor for trend confirmation include RSI holding above 30.00 (oversold bounce potential) and MACD histogram beginning to narrow (momentum deceleration). Any break below the critical $87.58 support would validate our more bearish scenario targeting $85.50.
The timeline for this LTC price prediction extends through early November 2025, with potential for a technical bounce attempt if cryptocurrency markets show broader stabilization. However, any sustainable recovery requires Litecoin to reclaim the $101.21 level with conviction, which appears unlikely given current technical deterioration.
Image source: Shutterstock
Bitcoin may struggle to sustain its upward trend unless something triggers more excitement among investors, according to Glassnode.
“Without a renewed catalyst to lift prices back above $117.1k, the market risks deeper contraction toward the lower boundary of this range,” Glassnode said in a report published on Wednesday.
Bitcoin (BTC) is trading at around 5% below the $117,000 level, trading at $110,840 at the time of publication, according to CoinMarketCap.
“Historically, when price fails to hold this zone, it has often preceded prolonged mid- to long-term corrections,” Glassnode said, pointing out the increase in profit-taking among long-term holders in recent times, which may signal “demand exhaustion.”
Hyblock Capital CEO Shubh Varma told Cointelegraph that he expects a “relatively volatile month,” with potential upside ranging from $116,000 to $120,000.
Sideways price action is “likely outcome” after a crash
However, Varma said that while “consolidation is the likely outcome” for Bitcoin following a significant market crash, several indicators still point to potential positive momentum for the cryptocurrency.
“ETFs inflows remain quite high, and spot volume seems healthy,” Hyblock said. Before the wider crypto market crash on Friday, which saw Bitcoin briefly fall to $102,000, US-based spot Bitcoin ETFs had recorded a nine-day inflow streak, amounting to $5.96 billion in inflows, according to Farside data.
Another potential bullish catalyst is the prospect of continued rate cuts from the US Federal Reserve. Rate cuts are typically viewed as bullish for riskier assets, such as cryptocurrencies, as they prompt investors to shift away from traditional investments like bonds and term deposits, which become less attractive in a lower interest rate environment.
According to the CME FedWatch Tool, markets are pricing in about a 95.7% chance of another rate cut at the Fed’s Oct. 29 meeting.
Other indicators suggest “increasingly constructive” rest of the year
21Shares crypto research strategist Matt Mena said that with the recent liquidations, policy easing approaching, and structural demand accelerating, the setup into year-end appears “increasingly constructive for digital assets.”
Related: Nasdaq-listed Zeta Network raises $230M in Bitcoin-backed private sale
Mena said Bitcoin is setting up for a potential move toward $150,000 “as macro tailwinds and institutional flows continue to align.”
Meanwhile, other analysts are predicting higher values by year-end. BitMEX co-founder Arthur Hayes and Unchained market research director Joe Burnett are forecasting a price of $250,000 by the end of 2025.
Magazine: Sharplink exec shocked by level of BTC and ETH ETF hodling: Joseph Chalom
