Bitcoin Could Fall Toward $104K After Slide to $105K as Technicals Turn Bearish

  • BTC falls to ~$105,000: down ~5% in 24h and ~14% weekly, market cap ~ $2.09T

  • Technical indicators show RSI ~31.7 and MACD turned negative, signaling bearish momentum.

  • Macro risks — U.S. shutdown fears, Fed policy uncertainty, and a high‑profile political speech — amplified selling; 24h volume > $102B.

Bitcoin crash to $105,000: BTC plunges amid sharp selloff, down 14% weekly with $2.09T market cap — read latest data and expert insight from COINOTAG.

Published: 17 October 2025 | Updated: 17 October 2025

Author/Organization: COINOTAG

What caused Bitcoin to crash to $105,000?

Bitcoin crash to $105,000 followed a broad market selloff driven by intensified liquidation across spot and derivatives markets, shifting technical momentum and heightened macro uncertainty. Immediate drivers included rising risk‑off sentiment amid U.S. political and monetary risks and concentrated selling that overwhelmed recent recovery attempts.

How are technical indicators and on‑chain signals describing the move?

Daily technicals show momentum turning bearish: the RSI sits near 31.7 (approaching oversold) and the MACD has flipped negative, indicating sellers control near‑term price action. Traders identify initial support around $104,000, with a key psychological level at $100,000. On‑chain metrics cited by analytics providers such as Glassnode and Coin Metrics (plain text sources) point to continued long‑term accumulation by some holders even as short‑term volatility spikes.

Frequently Asked Questions

Is Bitcoin likely to drop below $100,000 this week?

Short‑term risk exists if selling continues and $104,000 support breaks; a close below $105,000 would increase the probability of testing $100,000. Market positioning, futures liquidations and macro headlines will dictate extent and timing.

Why did Bitcoin fall so quickly despite recent gains?

The rapid decline followed concentrated selling that reversed a brief reclaim above $110,000, compounded by risk‑off flows from equities and rising uncertainty over U.S. fiscal policy and central bank actions — factors that often accelerate crypto drawdowns.

Market context and data

Price: ~$105,000 (intraday); 24‑hour change: –5%+; 7‑day change: ≈ –14%. Market capitalization is around $2.09 trillion, with 24‑hour trading volume above $102 billion. These figures reflect aggregated market data available on 17 October 2025. Analysts reference official economic commentary from the Federal Reserve and public political events (plain text references) as material for recent volatility.

Analyst perspective

“The technical picture has shifted in favor of sellers, and macro headlines have amplified short‑term risk,” said Alexander Stefanov, reporting on market flows. Stefanov notes that accumulation by long‑term holders remains visible on on‑chain charts even as traders react to headline risk, suggesting differing time horizons among participants.

Key Takeaways

  • Immediate impact: Bitcoin declined to ~ $105,000, losing recent gains and signaling short‑term bearish momentum.
  • Technical setup: RSI near 31.7 and a negative MACD point to oversold conditions but allow room for further downside if $104,000 fails.
  • Macro drivers: U.S. fiscal and monetary uncertainty, plus political events, increased risk‑off sentiment and pressured crypto markets; monitor statements from the Federal Reserve and major political developments.

Conclusion

Bitcoin’s drop to roughly $105,000 on 17 October 2025 reflects a convergence of technical weakness and macro uncertainty that produced concentrated selling across markets. While long‑term accumulation trends remain observable in on‑chain data, near‑term volatility is likely to persist. Traders should watch support at $104,000 and sentiment around official economic commentary for clues on the next directional move. Stay updated with COINOTAG for continuing coverage and data‑driven analysis.

Sources (plain text): Glassnode, Coin Metrics, Federal Reserve statements, market data aggregators. No external links are provided.

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