Bitcoin News Today: BTC's Golden Cross: Breakout to $130k or $100k Re-test?

Bitcoin (BTC) traders are closely monitoring a potential golden cross on the 3-day chart, a technical signal historically linked to bullish trends. As of October 22, 2025, BTC is trading near $108,200, consolidating within a $107,000–$114,000 range after a sharp October correction, according to a Crypto.news report. A verified breakout above $115,000 could propel prices toward $125,000–$130,000, fueled by institutional inflows and positive macroeconomic trends. However, a breakdown below $107,000 risks a retest of the $100,000–$105,000 support zone, the Crypto.news piece notes.

Meanwhile, analysts note BTC is entering a "disbelief phase," where lingering bearish sentiment may catalyze a short squeeze. Negative funding rates in derivatives markets suggest traders remain cautiously bearish, but prolonged consolidation could lead to explosive upside moves as short positions liquidate, according to a TradingView analysis. If confirmed, this could push BTC toward $113,000 and potentially $126,000, mirroring past rebounds from 2024 and 2025 described in the TradingView piece.

Ethereum (ETH) struggles to reclaim upward momentum, hovering near $3,940 with technical indicators signaling mixed signals. The 9-day exponential moving average (EMA) remains below the 20-day EMA, reinforcing a short-term bearish bias, according to an Ecoinimist analysis. While immediate support holds near $3,874, a breakdown could accelerate a correction toward $3,700. Conversely, a decisive close above $4,004 may reignite bullish sentiment, targeting $4,450, the Ecoinimist article adds.

Major altcoins remain range-bound, with buyers defending key levels but failing to sustain rallies. BNB (BNB) faces resistance at $1,156, while XRP (XRP) and Solana (SOL) hover near their 20-day EMAs at $2.52 and $196, respectively, according to TradingView price predictions. Dogecoin (DOGE) remains trapped below $0.21, with $0.18 acting as a critical support. Cardano (ADA) and Stellar (XLM) also show mixed signals, dependent on breakout attempts above key moving averages.

Chainlink (LINK) emerges as a top AI-picked crypto asset, with models projecting a potential rally to $20–$25 if on-chain accumulation and institutional adoption continue. Near-term catalysts include SWIFT/DTCC pilot updates and a softer U.S. dollar, as highlighted in a Yahoo Finance report. However, risks persist, including competition from Pyth Network and potential token supply unlocks that could pressure the price.

The crypto market remains in a delicate balance, with Bitcoin's consolidation phase and Ethereum's technical hurdles shaping near-term sentiment. Institutional interest and macroeconomic stability offer tailwinds, but volatility remains a constant. For altcoins, sustained momentum above key resistances will be critical to confirming a broader bull market resumption.