The post ‘Ignoring Bitcoin for 17 Years Is the Spookiest Thing,’ Says Metaplanet’s Phil Geiger appeared on BitcoinEthereumNews.com. According to CoinDesk Research’s technical analysis data model, bitcoin BTC$110,138.51 slid to support, snapped back into resistance, and then settled into a tighter range as activity rose around key levels. Technical analysis highlights Path and range: Trading spanned about $4,296, with price probing a $106,391 low and later testing $110,700 before easing. Sell wave: The first leg lower saw 19,395 BTC change hands, described as 78% above typical activity for that phase. Rebound impulse: A V-shaped recovery emerged from the low; a 954 BTC burst helped drive price through a nearby ceiling around $110,500 before profit-taking returned. Larger cap: The model notes four rejections from $117,500 since August, marking a durable ceiling. What the patterns mean Buyers active at the shelf: Repeated responses near $106,400 indicate demand, but overhead supply continues to lean on rebounds. Two-way interest: Accumulation near support met steady selling into strength, keeping trade bounded. Range behavior: The bounce failed to stick above the upper band, leaving price action range-bound while positions reset. Support and resistance map Support: $106,400 first, then $103,000 as a deeper demand zone. Resistance: $110,700 to $114,500 as the near-term cluster. Larger cap: $117,500 remains the level the model has flagged repeatedly since August. Volume picture Initial selloff: 19,395 BTC on the first leg down, about 78% above average for that window. Rebound burst: 954 BTC on the push back through a nearby ceiling, consistent with aggressive dip buying. After the test: Activity cooled as trading compressed into a tight band. Targets and risk framing If buyers press: A clean break above the $110,700 to $114,500 cluster turns focus to the $117,500 cap and, if cleared, the model’s $120,000 to $123,000 extensions. If sellers gain control: A loss of $106,400 exposes $103,000; the model also lists a measured-move risk toward $94,000 to $88,000… The post ‘Ignoring Bitcoin for 17 Years Is the Spookiest Thing,’ Says Metaplanet’s Phil Geiger appeared on BitcoinEthereumNews.com. According to CoinDesk Research’s technical analysis data model, bitcoin BTC$110,138.51 slid to support, snapped back into resistance, and then settled into a tighter range as activity rose around key levels. Technical analysis highlights Path and range: Trading spanned about $4,296, with price probing a $106,391 low and later testing $110,700 before easing. Sell wave: The first leg lower saw 19,395 BTC change hands, described as 78% above typical activity for that phase. Rebound impulse: A V-shaped recovery emerged from the low; a 954 BTC burst helped drive price through a nearby ceiling around $110,500 before profit-taking returned. Larger cap: The model notes four rejections from $117,500 since August, marking a durable ceiling. What the patterns mean Buyers active at the shelf: Repeated responses near $106,400 indicate demand, but overhead supply continues to lean on rebounds. Two-way interest: Accumulation near support met steady selling into strength, keeping trade bounded. Range behavior: The bounce failed to stick above the upper band, leaving price action range-bound while positions reset. Support and resistance map Support: $106,400 first, then $103,000 as a deeper demand zone. Resistance: $110,700 to $114,500 as the near-term cluster. Larger cap: $117,500 remains the level the model has flagged repeatedly since August. Volume picture Initial selloff: 19,395 BTC on the first leg down, about 78% above average for that window. Rebound burst: 954 BTC on the push back through a nearby ceiling, consistent with aggressive dip buying. After the test: Activity cooled as trading compressed into a tight band. Targets and risk framing If buyers press: A clean break above the $110,700 to $114,500 cluster turns focus to the $117,500 cap and, if cleared, the model’s $120,000 to $123,000 extensions. If sellers gain control: A loss of $106,400 exposes $103,000; the model also lists a measured-move risk toward $94,000 to $88,000…

‘Ignoring Bitcoin for 17 Years Is the Spookiest Thing,’ Says Metaplanet’s Phil Geiger

2025/11/01 13:24

According to CoinDesk Research’s technical analysis data model, bitcoin BTC$110,138.51 slid to support, snapped back into resistance, and then settled into a tighter range as activity rose around key levels.

Technical analysis highlights

  • Path and range: Trading spanned about $4,296, with price probing a $106,391 low and later testing $110,700 before easing.
  • Sell wave: The first leg lower saw 19,395 BTC change hands, described as 78% above typical activity for that phase.
  • Rebound impulse: A V-shaped recovery emerged from the low; a 954 BTC burst helped drive price through a nearby ceiling around $110,500 before profit-taking returned.
  • Larger cap: The model notes four rejections from $117,500 since August, marking a durable ceiling.

What the patterns mean

  • Buyers active at the shelf: Repeated responses near $106,400 indicate demand, but overhead supply continues to lean on rebounds.
  • Two-way interest: Accumulation near support met steady selling into strength, keeping trade bounded.
  • Range behavior: The bounce failed to stick above the upper band, leaving price action range-bound while positions reset.

Support and resistance map

  • Support: $106,400 first, then $103,000 as a deeper demand zone.
  • Resistance: $110,700 to $114,500 as the near-term cluster.
  • Larger cap: $117,500 remains the level the model has flagged repeatedly since August.

Volume picture

  • Initial selloff: 19,395 BTC on the first leg down, about 78% above average for that window.
  • Rebound burst: 954 BTC on the push back through a nearby ceiling, consistent with aggressive dip buying.
  • After the test: Activity cooled as trading compressed into a tight band.

Targets and risk framing

  • If buyers press: A clean break above the $110,700 to $114,500 cluster turns focus to the $117,500 cap and, if cleared, the model’s $120,000 to $123,000 extensions.
  • If sellers gain control: A loss of $106,400 exposes $103,000; the model also lists a measured-move risk toward $94,000 to $88,000 if weakness compounds.
  • Tactical takeaway: With two-way flows and a narrower band, many traders look for a decisive break out of the current range before leaning harder.

CoinDesk 5 Index (CD5) context

CD5 climbed from $1,893.76 to $1,920.74, a 3.04% total swing over the session. A breakout occurred around 4 a.m. UTC to $1,924.98, with the index maintaining higher lows above the $1,920 threshold.

Community reaction on X

Halloween 2025 coincided with the 17th anniversary of the release of Satoshi Nakamoto’s Bitcoin white paper, and advocates weighed in.

The Bitcoin Policy Institute urged people not to “fear the ghosts of fiat,” framing bitcoin as an alternative to a failing system.

Metaplanet’s Phil Geiger called ignoring bitcoin “the spookiest thing,” a nod to long-term adoption themes.

Bitcoin Magazine posted a Halloween price history showing bitcoin at $204 in 2013, $6,317 in 2018, $61,318 in 2021, $20,495 in 2022, $70,215 in 2024 and $110,300 in 2025, underscoring long-run gains with sharp drawdowns, and closing with a HODL message.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

Source: https://www.coindesk.com/markets/2025/10/31/do-not-fear-ghosts-of-fiat-says-bitcoin-policy-institute-as-bears-lurk-at-resistance

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Polymarket, Kalshi bet big on web3—and global expansion

Polymarket, Kalshi bet big on web3—and global expansion

The post Polymarket, Kalshi bet big on web3—and global expansion appeared on BitcoinEthereumNews.com. Polymarket and Kalshi are doubling down on their future — literally — as both prediction-market platforms push into web3 and global markets in search of new revenue streams. Both startups are also on the hunt for regulatory approvals, and partnerships with sports organizations. Summary Polymarket and Kalshi reportedly kicked off expansion efforts. The plans were unveiled at a private New York dinner attended by ICE CEO Jeffrey Sprecher. Both platforms are exploring decentralized technologies and international venue partnerships as trading volumes rise. Bloomberg reports the expansion was kicked off in classic Wall Street fashion: with a private dinner high above New York’s financial district, where even Intercontinental Exchange CEO Jeffrey Sprecher showed up. Why it matters Both companies have been ramping up their growth strategies, each aiming to break out of their current lanes. Polymarket, which is about to relaunch in the U.S., and Kalshi, which just partnered with Coinbase, are now circling opportunities in web3 technologies — essentially taking prediction markets from the basement of the internet to the broader blockchain universe. As trading volumes rise, regulators and institutional players have been paying much closer attention to the sector — and so is big tech. Alphabet, for example, will soon display live probabilities from Kalshi and Polymarket on Google Finance and Google Search. This will allow users to type natural-language questions such as “Will the Fed cut rates in December?” and instantly see odds and how they’ve shifted over time. Kalshi supplies regulated U.S. event markets tied to economic data and policy decisions, while Polymarket covers a wider global range of topics, including politics, sports, and crypto. Both platforms have seen rising activity as more traders rely on prediction markets to assess future outcomes rather than traditional polls or analyst forecasts. Still, details on specific deals or regulatory filings…
Share
BitcoinEthereumNews2025/11/21 10:27
Why are XRP, BTC, ETH, and DOGE Prices Crashing?

Why are XRP, BTC, ETH, and DOGE Prices Crashing?

The post Why are XRP, BTC, ETH, and DOGE Prices Crashing? appeared on BitcoinEthereumNews.com. XRP, BTC, ETH, and DOGE prices are experiencing significant declines, with the overall crypto market down 2.71% in the past 24 hours. Bitcoin has fallen below $90K, and Ethereum dropped under $3K, contributing to a broader market downturn. XRP Price Struggles as Price Dips Below $2 In the last 24 hours, the XRP price crashed by 2% and it has reduced by 15% in the current week, at a lower price of less than $2 in a bearish market. The price of the cryptocurrency is presented in the form of a descending triangle, which is indicative of the risk of a further decrease. A breakdown of major support lines added to the decline in the recent past, leading to stop-losses and a minor spurt of leveraged sell-side liquidations. Moreover, the whale action increased with 190 million XRP being sold within the past 48 hours. In the meantime, there is a Bitwise XRP ETF that has been launched, but the situation is unstable in the market. 190 million $XRP sold by whales in the last 48 hours! pic.twitter.com/nB0P7jADCx — Ali (@ali_charts) November 20, 2025 Bitcoin Price Plunges, Falling Below $90K Amid Market Sell-Off Bitcoin price dropped 2.24% to $86,858 over the past 24 hours, continuing a 12% weekly decline. The BTC was selling at a low of less than $90k as investor confidence shifted to the negative. Redemptions of Bitcoin ETFs amounted to a sharp decline of $3.3 billion this month, which further contributed to the negative pressure. Also, the Federal Reserve rate cut in December was in doubt, with the probability being now 33% and this burdened risk assets.  BTC also sent down vital support levels, causing automated selling. The recent better-than-anticipated jobs report in United States sparked a question as to what Fed would do in future. Ethereum Price…
Share
BitcoinEthereumNews2025/11/21 10:29
Music body ICMP laments “wilful” theft of artists’ work

Music body ICMP laments “wilful” theft of artists’ work

The post Music body ICMP laments “wilful” theft of artists’ work appeared on BitcoinEthereumNews.com. A major music industry group, ICMP, has lamented the use of artists’ work by AI companies, calling them guilty of “wilful” copyright infringement, as the battle between the tech firms and the arts industry continues. The Brussels-based group known as the International Confederation of Music Publishers (ICMP) comprises major record labels and other music industry professionals. Their voice adds to many others within the arts industry that have expressed displeasure at AI firms for using their creative work to train their systems without permission. ICMP accuses AI firms of deliberate copyright infringement ICMP director general John Phelan told AFP that big tech firms and AI-specific companies were involved in what he termed “the largest copyright infringement exercise that has been seen.” He cited the likes of OpenAI, Suno, Udio, and Mistral as some of the culprits. The ICMP carried out an investigation for nearly two years to ascertain how generative AI firms were using material by creatives to enrich themselves. The Brussels-based group is one of a number of industry bodies that span across news media and publishing to target the fast-growing AI sector over its use of content without paying any royalties. Suno and Udio, who are AI music generators, can produce tracks with voices, melodies, and musical styles that echo those of the original artists such as the Beatles, Depeche Mode, Mariah Carey, and the Beach boys. “What is legal or illegal is how the technologies are used. That means the corporate decisions made by the chief executives of companies matter immensely and should comply with the law,” Phelan told AFP. “What we see is they are engaged in wilful, commercial-scale copyright infringement.” Phelan. In June last year, a US trade group, the Recording Industry Association of America, filed a lawsuit against Suno and Udio. However, an exception…
Share
BitcoinEthereumNews2025/09/18 04:41