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

Generated by AI AgentCoin World
Monday, Oct 13, 2025 10:31 pm ET1min read
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Aime RobotAime Summary

- Bitcoin's price remains volatile near $119,345 threshold, with analysts warning of potential $117,500 correction if support breaks.

- Recent $108,000 support rebound and bullish candlestick patterns suggest possible rally toward $120,000, but mixed on-chain metrics complicate outlook.

- MVRV ratio below 365-day SMA raises concerns about extended bearish pressure, highlighting market uncertainty despite short-term technical optimism.

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