Bitcoin’s October Challenges and Future Outlook
Despite the optimistic nickname “Uptober,” Bitcoin’s performance this October has been less than stellar. According to insights from Finbold’s AI prediction agent, the popular cryptocurrency might experience further declines as we approach Halloween.
Current Bitcoin Market Trends
Bitcoin is presently trading around the $111,280 mark, reflecting a monthly decline of 1.48%. This downward trend is attributed to increased selling pressure and a reduction in institutional investments.
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Recent Developments Affecting Bitcoin
However, Bitcoin has shown some resilience with a 1.47% increase over the last 24 hours. This uptick follows the announcement of an upcoming meeting between former President Donald Trump and Chinese President Xi Jinping. The crypto market views this as a potential easing of tensions between the U.S. and China, especially with concurrent trade discussions in Malaysia involving key economic figures from both nations.
Bitcoin Market Dynamics
In addition to geopolitical factors, JPMorgan’s recent announcement could significantly impact Bitcoin’s trajectory. The financial giant plans to allow institutional clients to use Bitcoin and Ethereum as loan collateral by late 2025. This initiative may unlock substantial liquidity and alleviate selling pressure by enabling holders to leverage their positions.
Moreover, the U.S. inflation report revealed a 3% year-over-year increase in the September consumer price index (CPI), slightly below the anticipated 3.1%. This has led to speculation that the Federal Reserve might slow down its interest rate hikes. However, investors are keenly awaiting the Federal Open Market Committee (FOMC) meeting on October 30, as Fed Chair Jerome Powell’s guidance leaves room for short-term unpredictability.
BTC Technical Analysis
From a technical analysis standpoint, Bitcoin’s position is mixed. It has reclaimed its 200-day simple moving average (MA) at $108,303 and is testing the 23.6% Fibonacci retracement level at $120,864. However, resistance around $120,000 could prompt profit-taking unless supported by strong trading volumes.
The Ichimoku Base Line, an indicator that identifies stable support and resistance levels, stands at $114,901, indicating a neutral stance and trader indecision. The 20-day volume-weighted moving average of $113,107 reflects a persisting selling sentiment.
Overall, Bitcoin is navigating between short-term bullish tendencies and medium-term resistance. Breaking above $114,000 could pave the way for new gains, while failure to do so might keep the price confined within its current range.
AI BTC Price Prediction for Halloween 2025
Finbold’s AI prediction agent foresees Bitcoin facing further challenges during the Halloween window (October 24–31). By integrating outputs from three advanced learning models—Claude Sonnet 4, GPT-4o, and Grok 3—the algorithm anticipates an average Bitcoin price of $110,000, suggesting a 1.17% dip from its current value.
The models offered varied predictions. Grok 3 was optimistic, projecting a 0.63% increase to $112,001. Conversely, Claude Sonnet 4 anticipated a 2.51% decrease to $108,500. GPT-4o projected a moderate decline of 1.62% to $109,500.
In conclusion, Bitcoin’s trajectory towards Halloween 2025 is marked by uncertainty, with the sentiment divided between cautious optimism and existing concerns. While institutional adoption and favorable macroeconomic conditions could stabilize prices, technical challenges and resistance near $120,000 continue to exert downward pressure.
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