Bitcoin News Today: Bitcoin's Make-or-Break $119K Threshold: Bulls Aim High, Bears Eye Deep Correction

Bitcoin's price direction remains uncertain as technical indicators and analyst insights highlight critical levels to monitor. The cryptocurrency recently tested key support zones and resistance levels, with mixed signals from on-chain metrics and derivatives markets. Analysts emphasize the importance of holding above $119,345 to maintain a bullish bias, while a breakdown could trigger a correction toward $117,500 or lower, according to [Cointribune](https://www.cointribune.com/en/bitcoin-new-all-time-high-but-caution-required-technical-analysis-of-october-10-2025/).

Bitcoin's recent rebound from the $108,000 support zone, marked by a Bullish Engulfing candlestick pattern, suggests potential for a rally toward $120,000, according to [FinanceFeeds](https://financefeeds.com/bitcoin-technical-analysis-report-13-october-2025/). However, the MVRV (Market Value to Realized Value) ratio dipping below the 365-day SMA has raised concerns about extended corrections, as noted by [Amb