Bitcoin: Buyers Fight Back, But the Battle Isn’t Over Yet
20 October 2025
In today’s technical analysis, let’s take a closer look at Bitcoin, which is still trying to recover from the heavy sell-off that took place on October 10th. The correction that followed has been painful for crypto traders, but since October 17th, we’ve been observing early signs of a potential reversal. This recovery attempt has already managed to break through two key support levels — first at $107,400 (marked in green) and then at $109,400 (marked in orange). These two zones now serve as crucial support areas for Bitcoin’s ongoing recovery, and their defense will likely determine whether the bounce can evolve into a more meaningful bullish reversal.
Technically speaking, the chart still shows a mid-term downtrend, so we cannot yet call this a full-fledged comeback. However, the way the price is respecting both orange and green supports adds credibility to the idea that bulls are slowly regaining control. As long as the price stays above these zones, the sentiment remains cautiously positive. The bounce looks healthy — volume is stabilizing, and lower shadows on recent candles suggest that buyers are defending their ground with determination.
That said, the real confirmation of a bullish reversal would only come when Bitcoin closes a day above the blue downtrend line, which has been limiting gains since the early part of the month. A breakout above that resistance would effectively end the bearish correction and signal a possible return to the longer-term uptrend. On the other hand, a daily close below the green support would invalidate the recovery scenario and generate a new sell signal, opening the way for another bearish wave. For now, the setup remains balanced — cautiously optimistic for buyers, but still fragile.