During the European session, Bitcoin is consolidating near the $110,000 level, as an EMA is blocking its way to the upside. Earlier today, BTC extended its Halloween slump, dipping below $110,000 as traders brace for a potential weekend rebound.
This price action follows days of tight consolidation within a symmetrical triangle pattern, a classic setup signaling indecision before volatility strikes. The coin currently trades around $110,162, with buyers defending support near $106,300 and sellers capping gains at $112,000.
The market’s hesitation mirrors broader risk sentiment after the Federal Reserve’s dovish tone on liquidity. BTC’s narrowing price action reflects reduced volatility, often the calm before a breakout. “The structure is compressing, and we’re approaching an inflection point,” noted analysts tracking the pattern.
Bitcoin (BTC/USD) Technical Setup Hints at a Breakout
On the 4-hour chart, Bitcoin price prediction remains bearish as BTC is bouncing from its lower trendline, where a bullish engulfing candle suggests renewed buying pressure. Still, the 50-day EMA ($111,240) remains below the 200-day EMA ($112,685), keeping the short-term bias neutral to slightly bearish.
The RSI at 46 has turned upward from oversold conditions, showing early signs of recovery. However, repeated spinning top candles indicate hesitation as bulls and bears battle for control. Price movement within this symmetrical triangle points to a volatility spike ahead, likely within days.
Key Technical Levels:
- Resistance: $112,000, $116,300, $119,700
- Support: $106,300, $103,400, $100,200
Weekend Forecast: Range or Reversal?
If BTC clears the $112,000 resistance with volume confirmation, traders could see a short-term rally toward $116,000–$119,000. However, a break below $106,300 risks a deeper slide toward $103,400.
Many traders expect a potential “weekend pump”, a pattern often seen after major selloffs when thin liquidity triggers sharp rebounds. With broader liquidity expected to expand following the Fed’s latest policy pivot, Bitcoin could soon define its November direction.
For now, a long position above $112,000 remains favorable for bullish traders, while caution is advised until a confirmed breakout forms. Whether this Halloween dip turns into a treat or another trick may depend on how Bitcoin reacts as volatility returns to the market.
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The post Bitcoin Price Prediction: Spooky Surprise For Investors As BTC Drops Below $110K On Halloween 2025, Could There Be A Weekend Pump? appeared first on Cryptonews.
