Analysis of Bitcoin price dynamics: new highs or consolidation?

Bitcoin, the leading cryptocurrency by market capitalization, has shown significant volatility over the past months. According to the platform, as of October 23, 2025, the price of BTC is 107,650 US dollars.

Key Indicators of Bitcoin

Indicator Value
Current Price $107 650
Change in 24 hours -2.93%
Market Capitalization $2.15 trillion
Trading volume (24 hours) $1.70 billion
Historical maximum $126 080 (7 October 2025)

Despite the recent decline, Bitcoin maintains a dominant position in the market with a share of 55.93%. The circulating supply of the coin is 19,938,403 BTC, which is 94.94% of the maximum issuance of 21 million coins.

Dynamics of Bitcoin and Ethereum ETFs

The ETF market for cryptocurrencies is showing mixed dynamics. After a significant inflow of funds in August, September was characterized by an outflow of investments, especially for Ethereum ETFs. However, Bitcoin ETFs showed positive dynamics in September with a net increase of $246 million.

Key market players such as BlackRock, Fidelity, and ARK have demonstrated stable inflows of funds. MicroStrategy has increased its position by 4,048 BTC.

Technical Analysis

Analyzing the Bitcoin price chart, one can note the formation of a consolidation pattern after reaching the historical maximum on October 7. Key support levels are at $102 000 and $98 000, while resistance is located around $115 000 and $120 000.

The Fear & Greed Index ( as of October 22, 2025, stands at a level of 25, which corresponds to the “Extreme Fear” zone. This may indicate excessive pessimism in the market and a potential opportunity for growth.

Factors Influencing the Market

  1. Macroeconomic Situation: Global economic uncertainty continues to affect investor sentiment.

  2. Regulatory Environment: Changes in cryptocurrency regulation in key jurisdictions can significantly impact market dynamics.

  3. Institutional Interest: The growing participation of institutional investors through ETFs and corporate investments supports the long-term prospects of Bitcoin.

  4. Technological Updates: Further development of the Lightning Network and other scaling solutions may enhance the utility of Bitcoin.

Given the current market dynamics and fundamental factors, Bitcoin is showing signs of consolidation after reaching new highs. Investors and traders should closely monitor key technical levels and macroeconomic events that may influence the further price movement.

BTC0,54%
ETH-0,41%
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