{"id":54010,"date":"2025-10-20T04:43:03","date_gmt":"2025-10-20T04:43:03","guid":{"rendered":"https:\/\/emilynews.com\/blog\/?p=54010"},"modified":"2025-10-20T04:43:03","modified_gmt":"2025-10-20T04:43:03","slug":"bitcoin-weekly-close-must-hit-this-108k-level-to-rescue-key-demand-area","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=54010","title":{"rendered":"Bitcoin weekly close must hit this $108K+ level to rescue key \u2018demand area\u2019"},"content":{"rendered":"<p>Bitcoin price volatility returned into the weekly close with a key reclaim zone in sight, while liquidations exceeded $200 million in 24 hours.<\/p>\n<p><strong>Key points:<\/strong><\/p>\n<ul>\n<li>\n<p data-ct-non-breakable=\"undefined\">Bitcoin can keep the bull market range in play if it reclaims $108,400 in the coming hours, says analysis.<\/p>\n<\/li>\n<li>\n<p data-ct-non-breakable=\"undefined\">Volatility increases into the weekly close as thin order books see $200 million in 24-hour liquidations.<\/p>\n<\/li>\n<li>\n<p data-ct-non-breakable=\"undefined\">Altcoin futures show just how traders have lost out since the last bear market bottom.<\/p>\n<\/li>\n<\/ul>\n<p>Bitcoin teased volatility into Sunday\u2019s weekly close as price approached a key reclaim level.<\/p>\n<figure><img decoding=\"async\" title=\"\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-10\/0199fcca-95d9-74f2-ae09-3fb968d5958b\" alt=\"\" \/><figcaption><em>BTC\/USD one-hour chart. Source: Cointelegraph\/TradingView<\/em><\/figcaption><\/figure>\n<h2>Trader sees more BTC price volatility to come<\/h2>\n<p>Data from Cointelegraph Markets Pro and TradingView showed BTC\/USD hitting $108,260 local highs.<\/p>\n<p>After a painful end to the TradFi trading week that saw Bitcoin dip below the $104,000 mark, sell-side pressure appeared to cool ahead of what X trader Daan Crypto Trades called an \u201cinteresting week.\u201d<\/p>\n<p>\u201cVolatility definitely high here due to the thin books post this massive market flush,\u201d he wrote.<\/p>\n<p>Looking at liquidation data, Daan Crypto Trades predicted that volatility would continue \u201cfor a while.\u201d<\/p>\n<p>\u201cBooks are thin. Especially after the massive liquidation event last week,\u201d he added.\u00a0<\/p>\n<blockquote data-ct-non-breakable=\"undefined\"><p>\u201cThis combined with weekend price action and a lot of emotional traders makes for relatively volatile moves on low timeframes.\u201d<\/p><\/blockquote>\n<figure><img decoding=\"async\" title=\"\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-10\/0199fcc4-1f43-70b5-803b-0cd85c56c890\" alt=\"\" \/><figcaption><em>Bitcoin liquidation heatmap. Source: CoinGlass<\/em><\/figcaption><\/figure>\n<div class=\"m-auto relative\">\n<div>\n<section class=\"etoro-section\">\n<p class=\"etoro-disclaimer\">Crypto investments are risky and highly volatile. Tax may apply. Understand the riskshere<\/p>\n<\/section>\n<\/div>\n<\/div>\n<p>The latest figures from monitoring resource CoinGlass put total crypto liquidations for the 24 hours to the time of writing at more than $200 million.<\/p>\n<p>Both bid and ask liquidity thickened around price on exchange order books hours before the weekly close.<\/p>\n<p>\u201cBitcoin is not far away from securing a positive Weekly Close above $108381 to preserve the historical Weekly demand area (orange), despite the downside wicks below it,\u201d trader and analyst Rekt Capital said while uploading the weekly chart to X.<\/p>\n<figure><img decoding=\"async\" title=\"\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-10\/0199fcc4-b973-729c-bb02-848ef5aa2b40\" alt=\"\" \/><figcaption><em>BTC\/USD one-week chart. Source: Rekt Capital\/X<\/em><\/figcaption><\/figure>\n<h2>Altcoin futures explain grim crypto sentiment<\/h2>\n<p>The relief from further downside was enough to lift crypto market sentiment out of the \u201cextreme fear\u201d zone, per data from the Crypto Fear &amp; Greed Index.<\/p>\n<p><em><strong>Related: <\/strong><\/em><em><strong>Bitcoin price \u2018lines up nicely\u2019 for $95K drop next despite bullish RSI data<\/strong><\/em><\/p>\n<p>The Index measured 29\/100 Sunday, up seven points from six-month lows seen days before.<\/p>\n<figure><img decoding=\"async\" title=\"\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-10\/0199fcc6-f4ac-7d87-b2ad-db5cbfbec847\" alt=\"\" \/><figcaption><em>Crypto Fear &amp; Greed Index (screenshot). Source: Alternative.me<\/em><\/figcaption><\/figure>\n<p>Commenting, crypto trader and analyst Luke Martin, host of the STACKS podcast, flagged altcoins as a major drag on the overall market mood.<\/p>\n<p>In an X post Saturday, Martin uploaded a chart showing the performance of Binance\u2019s top 50 altcoin futures. The chart was created by Chris Jack, chief growth officer of algorithmic crypto trading company Robuxio.<\/p>\n<p>\u201cThis chart perfectly illustrates why sentiment is bearish\/tired even though $BTC still above $100k,\u201d he argued.<\/p>\n<blockquote data-ct-non-breakable=\"undefined\"><p>\u201cA basket of the top 50 altcoins now trading BELOW where they were post-FTX crash in 2022.\u201d<\/p><\/blockquote>\n<figure><img decoding=\"async\" title=\"\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-10\/0199fcc5-5a24-79f0-a631-bd596ff2f0bc\" alt=\"\" \/><figcaption><em>Binance futures top 50 altcoins aggregate performance. Source: Luke Martin\/X<\/em><\/figcaption><\/figure>\n<p>Martin referred to the implosion of crypto exchange FTX, which infamously sparked a major market drawdown and prepared crypto for its bear market bottom at the end of 2022.<\/p>\n<p>*********************************<\/p>\n<p>If one of the paying programs on our Monitor appeals to you, please support <em>EmilyNews<\/em> by registering for it on our website. Thanks very very much!<\/p>\n<p>EN web <strong>Support Chat<\/strong> | Hyips and Crypto questions \u2013 <strong><a style=\"color: #c03939; text-decoration: underline;\" href=\"http:\/\/emilynews.com\/chat\/hyips\/\">HyipChatEN<\/a><\/strong><\/p>\n<p>Telegram Chat for Crypto and Hyip reports: <strong><a href=\"https:\/\/telegram.me\/HyipChatEN\" target=\"_blank\" rel=\"noopener noreferrer\">@HyipChatEN<\/a><\/strong><\/p>\n<p>*********************************<\/p>\n<p>Be the first to get most important HYIP news everyday!<br \/>\nSimply Follow <a href=\"https:\/\/www.facebook.com\/EmilyNewsOnline\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"text-decoration: underline;\">EN Facebook<\/strong><\/a>, <a href=\"https:\/\/telegram.me\/CryptoHyipsEN\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"color: #c03939; text-decoration: underline;\">EN Telegram<\/strong><\/a>, <a href=\"https:\/\/twitter.com\/EmilyHyipNews\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"text-decoration: underline; font-size: 1.3em;\">EN Twitter<\/strong><\/a><br \/>\nor Subscribe to <strong><a style=\"color: #c03939; text-decoration: underline;\" href=\"https:\/\/feedburner.google.com\/fb\/a\/mailverify?uri=Emilynews\" target=\"_blank\" rel=\"noopener noreferrer\">EN Feedburner<\/a><\/strong> and submit your email address!<\/p>\n<p>If you like this article and want to support EN \u2013 please share it by using at least few of social media buttons below. Thanks and See you tomorrow!<\/p>\n<p><a href=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2020\/11\/Reminder2-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-13137\" src=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2025\/02\/Reminder2-1.jpg\" alt=\"\" width=\"544\" height=\"600\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price volatility returned into the weekly close with a key reclaim zone in sight, while liquidations exceeded $200 million in 24 hours. Key points: Bitcoin can keep the bull market range in play if &hellip; <a title=\"Bitcoin weekly close must hit this $108K+ level to rescue key \u2018demand area\u2019\" class=\"exalt-read-more\" href=\"https:\/\/emilynews.com\/blog\/?p=54010\"><span class=\"screen-reader-text\">Bitcoin weekly close must hit this $108K+ level to rescue key \u2018demand area\u2019<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":54012,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5651,6],"tags":[139,3544,3812,5652,10,159,97],"class_list":["post-54010","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptonews","category-information","tag-bitcoin","tag-bitcoin-news","tag-cryptonews","tag-emilynews","tag-hyip","tag-hyipnews","tag-hyips","exalt-entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin weekly close must hit this $108K+ level to rescue key \u2018demand area\u2019 - EmilyNews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/emilynews.com\/blog\/?p=54010\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin weekly close must hit this $108K+ level to rescue key \u2018demand area\u2019 - EmilyNews\" \/>\n<meta property=\"og:description\" content=\"Bitcoin price volatility returned into the weekly close with a key reclaim zone in sight, while liquidations exceeded $200 million in 24 hours. 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