Bitcoin News Today: Bitcoin's Crucible: $118K Support vs. $108K Collapse as Analysts Clash

Generated by AI AgentCoin World
Saturday, Oct 11, 2025 7:36 am ET1min read
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- Bitcoin fell to $122,000 from $126,200 as analysts split on near-term direction, with 50% odds of surpassing $140,000 by month-end.

- Technical analysis highlights critical support at $108,000 and resistance at $118,000, with current price near pivotal mid-point affecting short-term trends.

- Solana ETF inflows expected to remain modest at $1.5B/year due to weak on-chain activity and declining active addresses, contrasting with Ethereum's performance.

- Market volatility saw $180M in long liquidations as Bitcoin dropped 2% amid U.S. government shutdown delays and uncertainty around Fed policy.

- BlockchainFX ($BFX) raised $9.08M in presale offering, positioning itself as a hybrid DeFi-tradfi platform with dual staking rewards and Visa integration.

Bitcoin's price has retreated from its record high of $126,200 to approximately $122,000, with analysts divided on its near-term trajectory. Economist Timothy Peterson estimates a 50% probability of

Bitcoin
surpassing $140,000 by month-end, based on decade-long data simulations, though a 43% chance of finishing below $136,000 remains. The recent pullback follows a 10% rally since October's start, driven by record ETF inflows and reduced exchange balances, which have shrunk to a six-year low of 2.83 million BTC Bitcoin to $140K by Month End? Bullish Hopes Remain Even as[1].

Technical analysis suggests Bitcoin is testing critical support and resistance levels. A break above $118,000 could validate an inverse head-and-shoulders pattern, while a drop below $108,000 risks triggering a deeper correction toward $60,000–$70,000. On-chain data highlights key resistance at $143,170 and support at $117,763, with the current price hovering near a pivotal mid-point that could dictate short-term direction Bitcoin (BTC) Price Retrace Continues: How Much Further Will It …[2].

Meanwhile,

Solana
(SOL) ETF inflows are expected to remain modest despite likely SEC approval. JPMorgan analysts project first-year inflows of $1.5 billion, roughly one-seventh of Ethereum ETF inflows, citing weak on-chain activity, investor fatigue, and competition from diversified crypto funds. The bank attributes this to declining active addresses on Solana, limited demand in CME futures, and the recent collapse of Grayscale Solana Trust's premium to net asset value .

The broader crypto market has faced volatility, with Bitcoin down over 2% in 24 hours and altcoins like

XRP
, SOL, and
ADA
falling 5–7%. Liquidations of $180 million in long positions, coupled with profit-taking after a recent rally, have contributed to the selloff. Market observers note the U.S. government shutdown has delayed macroeconomic data releases, creating uncertainty around Fed policy and crypto demand JPMorgan Sees Modest Inflows for Solana (SOL) ETFs[3].

Amid the volatility, BlockchainFX ($BFX) has emerged as a top presale project. The platform, which allows trading of 500+ assets through a unified interface, has raised $9.08 million in its presale, nearing a $9.5 million soft cap. At $0.027 per token, BFX offers dual staking rewards in BFX and

USDT
, with a planned $0.05 launch price. The project's integration of DeFi and traditional finance features, including a Visa card and NFT bonuses, positions it as a unique utility-driven token .

Bitcoin's path forward hinges on macroeconomic clarity and institutional demand. While U.S. Treasury yields and S&P 500 trends support a bullish case, risks persist from Fed policy shifts and AI sector jitters. Analysts caution that without a breakout above $118,000 or a breakdown below $108,000, Bitcoin may remain range-bound until critical data releases in October Best Crypto Presales: BlockchainFX, Blockdag, and Bitcoin Hyper …[4].