In the whirlwind world of cryptocurrencies, Bitcoin has always acted like a North Star, with other assets orbiting around it. But today, October 23, 2025, it feels like the headwinds are picking up. The daily candle opened at $108,286 in GMT, yet the price has dipped to $107,927 so far – a gentle slide that hints at selling pressure. This pullback from the year-to-date high of $126,230 a few weeks back has everyone pondering: Is this just a temporary correction, or the start of a bigger trend shift? Let's start with the price action. From early October, Bitcoin kicked off with an upward surge, but after brushing $124,765, sellers stepped in. Trading volume has spiked in recent days, which might suggest smaller investors cashing out. Interestingly, though, the whales – those big wallets – are still holding steady. That contrast always makes the market so intriguing, doesn't it? Now, onto the key levels. The first support, and a crucial one, sits at $105,000. This level, drawn from the 200-day moving average and past monthly lows, has acted like a sturdy wall. If price breaks below it, we could see a slide to $106,441 – the recent low – and that's when talk of a deeper correction ramps up. On the flip side, resistances begin at $110,000, where the 50-day moving average is putting up a fight. Higher up, $114,000 could be the next target for buyers, especially if positive news on regulations or institutional adoption hits. What do the indicators say? The 14-day RSI is hovering at 45, neither oversold nor overbought – a neutral zone that could tip either way at any moment. But the MACD, with its signal line dipping below the MACD line, confirms a bearish crossover. That means seller momentum is stronger, at least in the short term. Bollinger Bands are squeezing tight, signaling low volatility and the potential for a big breakout. If we punch through the upper band, a leap to $115,000 isn't out of the question; otherwise, further downside looms. Think about it – Bitcoin's always tied to broader economic cycles. With the Fed holding rates steady lately, investors are trickling back into riskier assets like crypto, but persistent inflation and geopolitical tensions are breeding caution. Some analysts reckon this current dip is a buying opportunity, as the next halving's effects haven't fully played out yet. On the weekly chart, a bearish flag pattern is emerging, which if confirmed, could point to a $100,000 target – though unlikely given the strong supports. But on the daily timeframe, a hammer candle formed at yesterday's low, which could signal a reversal. Volume picked up that day too, looking positive. Let's dig deeper. The 50-day moving average is at $110,500 and trending down, while the 200-day at $102,000 holds steady and upward. This inverse golden cross suggests short-term weakness but long-term strength. Fibonacci retracements from the recent high also align: 38.2% at $110,000 and 61.8% at $106,000, matching our supports spot on. Now, a question: Can Bitcoin ETFs, which saw $477 million in inflows recently, flip this trend? Absolutely possible, as those inflows often spark price jumps. But with the overall market sentiment leaning bearish, patience is key. Ultimately, the crypto market is never fully predictable, but the data suggests October 23, 2025, is a potential pivot point. If $105,000 support holds, we might see a bounce to $115,000; otherwise, brace for more downside. The practical takeaway? Keep your portfolio diversified and use stop-losses to shield against sudden swings. Bitcoin's still king, but its crown wobbles sometimes.