Is Bitcoin At $106,000 ‘Cheap’? Here’s How You Can Tell
Posted On October 17, 2025
Bitcoin’s (CRYPTO: BTC) weakness is raising concerns that the crypto market is increasingly dominated by short-term trading, impacting price performance.
What Happened: In a detailed post on X on Friday, prominent trader Pentoshi highlighted Bitcoin’s critical levels:
- $108,000–$109,000 to the downside
- $115,000–$116,000 for continuation to new highs
He noted that temporary dips below support may be tradable within minutes or hours, but sustained breaches could open the door to $98,000, putting altcoins at risk.
Pentoshi emphasized that …
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