Bitcoin has remained steady as the weekend approached, with current price targets hinting at a potential dip beneath the $100,000 mark, despite an increasingly bullish Relative Strength Index (RSI).
Key Points:
- Bitcoin stabilizes heading into the weekend, yet market sentiment remains tense about future trends.
- Price forecasts for Bitcoin increasingly suggest it could fall below $100,000.
- RSIs indicate a possible recovery, which could happen if stock markets rise next week.
By Saturday, Bitcoin (BTC) was holding around $107,000 as traders prepared for additional downturns ahead.
BTC/USD Chart
BTC/USD one-hour chart. Source: Cointelegraph/TradingView
Bitcoin Traders Skeptical of $100K Strength
Data from Cointelegraph Markets Pro and TradingView showed diminished volatility in Bitcoin prices as the weekend approached. This provided some much-needed relief to bulls after a week of unexpected price drops that led to a 7% decrease in BTC/USD.
Now hitting low levels not seen for months, the market is predicted to face further declines due to weak buyer demand and macroeconomic shifts.
“It all lines up nicely across the board for another wave down,” stated trader Crypto Tony in a recent post on X.
“Bitcoin I see us dropping to $95,000, possibly testing the $91,000 region before we find a bottom.”
BTC/USDT Chart
BTC/USDT perpetual contract one-day chart. Source: Crypto Tony/X
Crypto Tony characterized even the possibility of falling below $100,000 as a buoyant scenario. Fellow trader Daan Crypto Trades noted that the calmer market conditions might continue until the end of the weekly trading period.
“BTC did a good job recovering some ground on Friday before the CME close. This makes it so we’re likely to stick around this ~$107K level during the weekend,” they shared with followers on X.
The post highlighted $105,000 as a critical nearby support level to maintain, indicating that if stocks improve next week, a more significant rebound for crypto could occur.
CME Bitcoin Futures Chart
BTC/USDT 15-minute chart with CME Group Bitcoin futures close. Source: Daan Crypto Trades/X
In this context, there are optimistic signs — the S&P 500 closed at 6,664 on Friday, recovering a portion of its losses from the previous week. News that U.S. President Trump does not anticipate higher tariffs on China helped stabilize equities, while gold prices fell from their recent all-time highs.
Could RSI Prompt a BTC Price Rebound?
As reported by Cointelegraph, another optimistic development for Bitcoin is reflected in the RSI metrics.
Related articles discuss if Bitcoin may rise to $120K or mark the end of the bull market. The current daily RSI is at levels last seen in April when Bitcoin/USD dipped to $75,000. The RSI on the four-hour chart shows a notable bullish divergence forming, indicating decreased selling pressure below $110,000.
BTC/USD Four-hour Chart
BTC/USD four-hour chart with RSI data. Source: Cointelegraph/TradingView
This led to discussions regarding a discrepancy between favorable indicator data and an overly pessimistic market mood.
“Interesting, $BTC has confirmed a bullish divergence on the 6H & 8H and on 12H timeframe building on oversold RSI datapoints while sentiment is as depressed as I’ve ever seen.” — 🀄Kriesz🀄 (@Kriesz) [October 17, 2025]
The Crypto Fear & Greed Index registered 22/100 on Friday, marking its first move into the “extreme fear” area since April.
This article does not offer investment advice or endorsements. Each investment and trading operation carries risk, and readers should conduct their independent evaluations before making decisions.
