Bitcoin (BTC) showed a strong rebound today Friday October 31, 2025,l after a brief pullback that pushed the price down to $106,400 marking its lowest level of the week. This recovery has partially restored market confidence, with BTC now trading near $110,000 amid repeated attempts to break through this key psychological and technical barrier.

Recent Market Movements

After yesterday’s sharp decline Bitcoin displayed clear buying strength as institutional investors and large holders entered near the lower support zones.
This influx of demand allowed the cryptocurrency to recover more than $3,000 in less than 24 hours signaling that bullish momentum remains present in the market.

However volatility remains elevated as traders are inclined toward short-term profit-taking before the weekend, especially as new U.S. macroeconomic data could affect risk appetite.

Technical Analysis

From a technical standpoint the $106,000–$106,400 range is now acting as a key short-term support zone.
The most notable resistance level currently stands around $110,000–$110,500 which analysts are closely watching to determine whether the current rebound represents the start of a new uptrend or just a temporary correction.

A daily close above $110,500 could open the door for further upside toward $112,000–$113,200
while a drop back below support could drag the price down toward $105,000.

Cryptocurrency	Price (USD)	Change (%)	Daily High	Daily Low
Bitcoin (BTC)	109.650	🔻 -0.49	110,450	106,400
Ethereum (ETH)	3,832	🔻 -1.6%	3,874	3,800
Binance Coin (BNB)	1,083	🔻 -3.00%	1,105	1,070
Solana (SOL)	186.28	🔻 -3.10%	187.40	183.70
XRP	2.49	🔻 -2.49%	2.5	2.43

Market Overview

Despite ongoing fluctuations overall sentiment in the crypto market remains relatively positive.
The daily RSI sits around 54 indicating a balance between buying and selling pressure while the 100-day moving average near $110,400 serves as a strong magnetic level for price stabilization.

Analysts suggest that Bitcoin may be entering a sideways accumulation phase following recent corrections, potentially setting the stage for a stronger rally in November if the current levels hold.

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