Price Predictions October 17

The likelihood of a continuation of the “Uptober” trend appears to be fading as Bitcoin, Ethereum, and most altcoins trend lower. Upcoming economic announcements in the U.S. will be critical in determining if a rebound is possible.

Key Insights:

• Bitcoin is currently experiencing buying interest around the $107,000 mark, but any upward movement may be met with selling pressure.
• Many altcoins have hit important support levels, yet the current absence of robust recovery signals ongoing downward trends.

Bitcoin (BTC) remains under significant pressure as market bears seek to keep prices under the crucial $107,000 support threshold. This downturn reflects a pessimistic market sentiment, with potential buyers remaining cautious due to concerns surrounding U.S. regional banks.

Yet, analysts from Bitwise noted in their recent crypto market report that wide-scale liquidations on October 10 indicate a potential exhaustion of selling, which may limit further declines. The drop in the internal Cryptoasset Sentiment Index to levels not seen since early August 2024 might suggest a “contrarian buying opportunity.”

In contrast, analysts at Glassnode have taken a more conservative stance, indicating that the market is in a reset phase and will require new demand to confirm any recovery. The decline in Long-Term Holder supply by approximately 0.3 million BTC since July 2025 signals profit-taking among seasoned investors. They predict the market will enter a consolidating phase.

Bitcoin Price Forecast

The BTC price fell below the $107,000 support on Friday but the recent candlestick pattern reveals buying at lower levels. A decisive close beneath $107,000 could initiate a double-top pattern, and the BTC/USDT pair might slide to the psychological support of $100,000, which buyers are anticipated to vigorously defend. A fall below this level could lead to a more significant decline towards the target of $89,526.

This bearish outlook could be overturned in the near future should Bitcoin experience a resurgence and break above the moving averages, suggesting the recent drop might have been a bear trap.

Ethereum Price Outlook

Ethereum (ETH) is currently facing a fierce contest between bulls and bears at the support line of its descending channel. Any attempts at recovery are likely to encounter selling pressure at the 20-day EMA ($4,159). A significant downturn from this resistance could push ETH towards $3,350, while buyers will need to drive the price above the moving averages to maintain momentum within the channel.

Additional Cryptocurrency Predictions

BNB, XRP, SOL, DOGE, ADA, HYPE, LINK, and XLM are also experiencing shifts in their respective trends. You can monitor the individual price forecasts on their respective analysis pages to explore current trends and potential market actions.

For detailed insights and analysis, and to learn more about the cryptocurrency landscape, refer to this comprehensive article’s sections dedicated to each major currency.