BTC Technical Analysis Report 31 October, 2025
Given the strength of the support level 107400.00, bullish sterling sentiment that can be viewn across the currency markets today and the clear multi-month uptrend, BTC cryptocurrency be expected to rise further to the next resistance level 115000.00 (which stopped the previous waves (i) and i).
- BTC reversed from support area
- Likely to rise to resistance level 115000.00
BTC cryptocurrency recently reversed down from the support area between the key support level 107400.00 (which has been reversing the price from the end of August, as can be viewn from the daily BTC chart below), 38.2% Fibonacci correction of the upward impulse from April and the lower daily Bollinger Band. The upward reversal from this support area stopped the previous minor correction ii, which belongs to the impulse wave 3 of the multi-month upward impulse wave (5) from April.
Given the strength of the support level 107400.00, bullish sterling sentiment that can be viewn across the currency markets today and the clear multi-month uptrend, BTC cryptocurrency be expected to rise further to the next resistance level 115000.00 (which stopped the previous waves (i) and i).
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