Main highlights:<\/strong><\/p>\n Bitcoin faces potential new lows this October as sellers reclaim dominance and BTC price exploration is stalled.<\/p>\n<\/li>\n Key targets include the recent range lows around $108,000 amidst bearish divergences.<\/p>\n<\/li>\n There is a lack of strength as daily declines approach 3%.<\/p>\n<\/li>\n<\/ul>\n Bitcoin (BTC<\/a>) approached weekly lows following Thursday\u2019s Wall Street opening as sellers prevented bulls from engaging in price exploration.<\/p>\n Insights from Cointelegraph Markets Pro<\/a> and TradingView<\/a> indicated that BTC\/USD dropped below $120,000.<\/p>\n With a daily drop nearing 3%, the pair continued to navigate through bid liquidity on exchange order books.<\/p>\n \u201cThe market still quotes bid liquidity around $121K-$120K but what we need to observe next is the absorption of sellers to avoid a sweep lower,\u201d well-known trader Skew noted in part of his latest market analysis<\/a> on X.<\/p>\n Skew further asserted that the market was \u201chighly likely to be ruled by new shorts opening\u201d in the near term.<\/p>\n Trading platform Material Indicators, on the other hand, utilized proprietary trading instruments to underscore repeated evaluations of nearby support.<\/p>\n \u201cWe are now undergoing a third consecutive Daily support examination at the trend line,\u201d it concluded<\/a> alongside an accompanying graphic.<\/p>\n \u201cFailing to hold the trend line would open the path to a support examination at the Q4 Timescape Level at $114k.\u201d<\/p><\/blockquote>\n Data from CoinGlass<\/a> revealed insufficient bid support well below the $120,000 threshold at the time of writing, while asks multiplied overhead.<\/p>\n Reflecting on longer timeframes, renowned trader Roman reiterated the precarious situation Bitcoin currently inhabits, despite its recently reached all-time highs.<\/p>\n Related: <\/strong><\/em>BTC October price breakout probabilities low: 5 things to be aware of in Bitcoin this week<\/strong><\/em><\/a><\/p>\n \u201cA gentle reminder that we are once more recording more bearish divergences, low volume, & lack of momentum on HTF. Both 1W & 1M,\u201d he informed<\/a> X followers.<\/p>\n $BTC<\/a> 1W<\/p>\n A gentle reminder that we are once again recording more bearish divergences, low volume, & lack of momentum on HTF. Both 1W & 1M.<\/p>\n We successfully forecasted the movement from 107-124k accurately, now I perceive a lower movement, possibly to 108k once more.<\/p>\n I do not observe strength here. pic.twitter.com\/pdEfp535eG<\/a><\/p>\n \u2014 Roman (@Roman_Trading) October 9, 2025<\/a><\/p><\/blockquote>\n Roman anticipated that the local range lows at $108,000 could become relevant again, something already on the radar<\/a> for October.<\/p>\n\n
Bitcoin \u201cprobably\u201d to pave the way for shorts next<\/h2>\n
BTC price fragility brings $108,000 back into focus<\/h2>\n
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