Market Analysis of Bitcoin on Thursday 16 October 2025

2025-10-16 02:02Source:BtcDana

Bitcoin / Dollar intraday: rebound towards 113410
 
Our pivot point is at 109590.
 
Our preference:
Rebound towards 113410.
 
Alternative scenario:
Below 109590, expect 108150 and 107300.
 
Comment:
The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 111061 and 111885).

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