The post Bitcoin Latest News: Bitcoin Weakens Near $106K as Analysts Eye $88K Support Zone appeared on BitcoinEthereumNews.com.

 Bitcoin approaches $106K as technicals identify an 88K support area. Writers mention volatility prospects because on-chain indicators bias near-term movement. The October price behavior of Bitcoin depicted a scenario of extreme intramonth movements and then a surprisingly flat month-end close around the $106,000 mark.  Analysts point to the dynamics on-chain as a key to the interpretation of the next leg. The market is now focusing on a critical on-chain support area at about $88,000, and short-term holders are struggling to preserve cost basis.  Such a movement indicates new volatility potentials into November, as the BTC will be able to stabilize at a higher price than the short-term realized price, or achieve lower support. Bitcoin’s October saga Bitcoin performed a turbulent October, surging to new heights before plunging during a fall of liquidations.  Source- X The price action was very volatile, but the month closed with minimal net movement as it remained around the 106k mark, and the momentum may be drying up following the ATH spike and a historic liquidation.  This rollercoaster act has traders reconsidering immediate risk and possible support levels as we head into November.  The episode highlights the speed with which sentiment can turn in a market where macro uncertainty and ETF demand are actively shifting, and the market price is pegged to a complicated combination of on-chain indicators and external catalysts.​ On-chain dynamics and near-term risk The most important on-chain indicators are indicating a tug-of-war between new buyers and the market.  The short-term holders (those having bought BTC in approximately the past 5 months) are trading at a realized price of about $113,100.  Bitcoin temporarily fell below this level following a few days of early October strength and has since been unable to maintain a weekly close above that in subsequent weeks, which is indicative of…

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Filed under: News - @ November 1, 2025 11:24 am