{"id":53594,"date":"2025-10-18T18:01:41","date_gmt":"2025-10-18T18:01:41","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=53594"},"modified":"2025-10-18T18:01:41","modified_gmt":"2025-10-18T18:01:41","slug":"bitcoin-price-wedged-between-2-crucial-levels-what-to-expect-in-coming-days","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=53594","title":{"rendered":"Bitcoin Price Wedged Between 2 Crucial levels \u2014 What To Expect In Coming Days"},"content":{"rendered":"
\n

Despite the red-hot start to the month, the historically bullish \u201cUptober\u201d period has not particularly gone according to the expectations for the Bitcoin price. Following the market-wide downturn on October 10, the premier cryptocurrency has not been able to mount a clear recovery back to its former highs.<\/p>\n

In fact, the Bitcoin price action continues to struggle under lasting bearish pressure, falling to a new low around $103,000 on Friday, October 18. With uncertainty taking over the market, investors are left wondering whether the bull run is over or the sluggish action is a minor blip.<\/p>\n

According to a recent outlook, the current technical position of the BTC price could offer insight into its next step.<\/p>\n

\u00a0<\/p>\n

BTC At Risk Of Deeper Correction If It Loses $99,900 Support<\/b><\/h2>\n

In an October 17 post on the social media platform X, Glassnode put forward<\/a> an interesting evaluation of the current Bitcoin price setup. The prominent crypto analytics firm revealed that the flagship cryptocurrency is currently sitting between two major support zones.<\/p>\n

This analysis is based on the Glassnode Technical Pricing Model, a chart containing a number of technical indicators, including the Pi Cycle indicator, the Mayer Multiple, the Yearly Moving Average (MA), and the 200-Week Moving Average.\u00a0<\/p>\n

According to Glassnode, the Bitcoin price is currently wedged between the Mayer Multiple ($107,400) and the Yearly MA ($99,900).<\/p>\n

\"Bitcoin<\/p>\n

The Mayer Multiple (200-Day Simple Moving Average)<\/a> is a popular technical indicator often linked with the transition point between a bull and bear market. Meanwhile, the 365 Day SMA offers a long-standing baseline for high-timeframe market momentum.<\/p>\n

Following the latest dip, the Bitcoin price slipped beneath the 200-day Moving Average, signaling a possible shift from a bullish market condition to a bearish one. While BTC still holds above the 365-day MA, the premier cryptocurrency needs to stay above this level to steady the current trend.<\/p>\n

Ultimately, investors might want to keep an eye on the BTC price, as a break beneath the $99,900 level could spell much bigger trouble for the world\u2019s largest cryptocurrency. It is worth noting that a return to above the Mayer Multiple could be significant for Bitcoin\u2019s progression<\/a>, albeit with price resistance around the 111-day moving average (currently at $114,700).<\/p>\n

Bitcoin Price At A Glance<\/b><\/h2>\n

As of this writing, Bitcoin is valued at around $106,427, reflecting an almost 2% price drop in the past 24 hours.<\/p>\n

\"Bitcoin<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Despite the red-hot start to the month, the historically bullish \u201cUptober\u201d period has not particularly gone according to the expectations for the Bitcoin price. Following the market-wide downturn on October 10, the premier cryptocurrency has not been able to mount a clear recovery back to its former highs. In fact, the Bitcoin price action continues […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-53594","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/53594","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=53594"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/53594\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=53594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=53594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=53594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}