‎Bitcoin Awaits a Bullish Revival After a Sharp Correction

‎BTCUSD Market Analysis- October 12

‎Bitcoin has encountered a sharp corrective phase, testing key demand zones as the market prepares for a potential bullish revival

Bitcoin (BTCUSD) Key Levels

‎Support Levels: $108,000.00, $97,900.00
‎Resistance Levels: $117,500.00, $128,800.00

‎BTCUSD Long-Term Trend: Bullish

‎Bitcoin Awaits a Bullish Revival After a Sharp Correction , Following an aggressive decline from the $125,800 supply level to the $108,000 demand level, Bitcoin (BTCUSD) experienced a notable bearish move that gave little opportunity for buyers to react. Despite this sharp retracement, the broader market structure remains bullish, and the long-term trend has not yet been compromised.
‎
‎The $108,000 demand level currently provides a temporary cushion for price, as reflected by the formation of a wick on the daily chart. However, this level is expected to face further testing as price action suggests the potential for a deeper dip. Supporting this expectation, the Daily Relative Strength Index (RSI) points toward the oversold region, while an unfilled Fair Value Gap (FVG) lies below the $108,000 level — indicating that sellers may continue to drive price lower in the short term.
‎
‎Once the Daily FVG is filled, buyers are likely to find renewed confidence to re-enter the market, setting the stage for a possible bullish reversal. A clear bullish structure shift will serve as confirmation that the broader uptrend is resuming.

‎BTCUSD Medium-Term Trend: Bearish

‎On the 4-hour timeframe, Bitcoin’s fractal structure provides a more detailed view of the ongoing correction toward the Daily Fair Value Gap. While the directional bias currently points downward, the 4-hour RSI shows that Bitcoin is approaching oversold territory — hinting at an imminent bullish reaction.
‎
‎In the near term, price is expected to fill the nearest 4-hour FVG before potentially finding short-term support. However caution is advised as the anticipated bearish continuation is viewed as a corrective pullback within the broader bullish context, not a full reversal of trend direction.
‎
‎‎Make money without lifting your fingers: Start using a world-class auto trading solution 

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, product, or event. We are not responsible for your investment results.

‎