Bitcoin News Today: Bitcoin's Golden Cross Potential vs. Looming Macro Risks

Bitcoin Stabilizes Above Critical Support Amid Market Uncertainty

Bitcoin (BTC) stabilized above the $107,000–$110,000 support range on October 22, 2025, as traders monitor technical indicators and macroeconomic cues for signs of a potential bullish breakout. The cryptocurrency traded at approximately $108,200, rebounding from a four-month low of $104,000 following a $19 billion market liquidation event in early October, according to a Cointelegraph report. Analysts highlight the critical role of institutional inflows and macroeconomic trends in shaping the near-term trajectory.

Technical traders are closely watching for a "golden cross" on Bitcoin's 3-day chart, a pattern historically linked to significant price surges, as noted in a crypto.news analysis. The 50-day and 200-day moving averages are nearing an intersection, which could validate a bullish momentum shift if confirmed. A break above $115,000 resistance might propel Bitcoin toward $125,000–$130,000, while a sustained drop below $107,000 could trigger further declines to $100,000–$105,000, according to that analysis.

The recent volatility coincided with a record $19 billion liquidation event, which Standard Chartered's global head of digital assets research, Geoff Kendrick, views as a potential buying opportunity. Despite renewed concerns over U.S. tariff policies and inflation data, Kendrick maintains a $200,000 price target for Bitcoin by year-end, assuming continued Federal Reserve rate cuts and ETF inflows. This optimism is bolstered by recent U.S. spot Bitcoin ETF inflows totaling $477.19 million, led by BlackRock's IBIT with $210.90 million, signaling institutional confidence according to Coinpedia data.

Long-term bullish sentiment is further fueled by figures like BitMine Chairman Tom Lee, who predicts Bitcoin could reach $1.6–$2 million if it matches gold's total market capitalization, as noted in a Yahoo Finance piece. Michael Saylor of MicroStrategy envisions a $21 million price tag within 21 years, citing Bitcoin's capped supply and institutional adoption. However, such forecasts remain speculative, requiring a global financial reconfiguration to materialize.

Institutional activity underscores Bitcoin's growing integration into traditional finance. SpaceX moved $133 million in Bitcoin across wallets, reigniting debates about its corporate crypto strategy, according to a CryptoNews report. Meanwhile, Crypto.com applied for an OCC federal charter, joining Coinbase and Ripple in seeking regulatory clarity to expand custody and staking services, as detailed in a TradingView report.

Despite these developments, risks persist. The upcoming U.S. Consumer Price Index report on October 24 could sway market sentiment, with fears of an inflation surprise disrupting risk assets, according to a CryptoNews analysis. Additionally, geopolitical tensions and regulatory shifts remain wild cards.

Bitcoin's path forward hinges on stabilizing above key support levels, confirming the golden cross, and maintaining positive macroeconomic trends. With ETF inflows and institutional adoption accelerating, the cryptocurrency's ability to navigate near-term volatility will determine whether it fulfills lofty price projections or faces a prolonged consolidation phase.