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24.10.202511:17 Analisis Forex & Kajian: Bitcoin: another attempt to recover

Yesterday, Bitcoin and Ethereum were in the hands of buyers, though at this point the momentum remains too weak to confirm the continuation of a full-fledged bull market. Active Bitcoin buying is observed around the $106,000 level, but near $111,000, the bulls are struggling to withstand pressure from sellers.

Exchange Rates 24.10.2025 analysis

According to market data, net inflows into spot BTC ETFs were nearly zero during yesterday's trading session. Meanwhile, outflows from spot ETH ETFs continued to grow. Nevertheless, Ethereum has been steadily advancing toward the $4,000 mark. Indeed, despite conflicting signals from the ETF market, ETH is showing impressive resilience and even an upward trend. Interest from institutional investors in DeFi has slowed, but hasn't vanished completely and continues to benefit Ethereum, which remains the dominant platform for most DeFi projects. Major players are increasingly viewing ETH as a core asset in their portfolios, which helps support both demand and price.

Meanwhile, VanEck stated that they continue to view Bitcoin as being in a bull market, and the current correction is temporary and necessary. This confidence is backed by an analysis of long-term trends and cyclical patterns historically observed in Bitcoin's price movements.

It's clear to many that even within a bull market, phases of consolidation and pullbacks are inevitable — they serve as a kind of reset before the next leg up. The current landscape represents exactly that: a period of recalibration that offers new investors an entry point and existing participants a chance to strengthen their positions. Bitcoin's fundamental indicators remain strong: growing crypto adoption, limited supply, and sustained institutional interest continue to support its long-term potential.

Trading recommendations

Exchange Rates 24.10.2025 analysis

As for the technical outlook on Bitcoin, buyers are currently targeting a return to the $111,600 level, which would open a direct path to $113,800 — just a short jump away from $116,300. The most extended bullish target remains in the $116,700 area. A breakout beyond this level would confirm the strengthening of the bull market. In case of a decline, support is expected around $109,300. A drop below this zone could quickly push BTC back toward $106,700. The deepest bearish target would be around $103,400.

Exchange Rates 24.10.2025 analysis

Regarding Ethereum, a clear hold above the $4,014 level opens the door to $4,113. The furthest bullish target lies near the $4,191 high — breaking through that would confirm buying interest and reinforce the bull trend. If ETH moves down, demand is expected near $3,918. A decline below this area could send ETH toward $3,818, with the farthest bearish target around $3,691.

What's on the chart

  • The red lines represent support and resistance levels, where price is expected to either pause or react sharply.
  • The green line shows the 50-day moving average.
  • The blue line is the 100-day moving average.
  • The lime line is the 200-day moving average.

Price testing or crossing any of these moving averages often either halts movement or injects fresh momentum into the market.

* Analisis pasaran yang disiarkan di sini adalah bertujuan untuk meningkatkan kesedaran anda, tetapi tidak untuk memberi arahan untuk membuat perdagangan.

Jakub Novak,
Analytical expert of InstaSpot
© 2007-2025
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