Bitcoin held close to $107,000 over the weekend, exhibiting resilience regardless of a wave of pessimism throughout the crypto market. The world’s largest digital asset has confronted strain from renewed geopolitical tensions, slowing ETF inflows, and a controversial “deep crash” forecast by Andrew Tate that rattled market sentiment.
Nonetheless, BTC continues to commerce steadily close to $107,000 space, resisting a broader correction that many feared would push costs far decrease.
Tate’s remarks got here at a time when merchants had been already uneasy after a pointy pullback from the October 7 peak of $126,198, adopted by a swift drop to round $105,000 after former President Donald Trump proposed a 100% tariff on Chinese language imports. The transfer triggered volatility throughout world markets and weighed on danger belongings, together with Bitcoin.
Andrew Tate’s Bearish Forecast
Andrew Tate, identified for his outspoken views, claimed that Bitcoin may plunge to $26,000 earlier than any main rally resumes. He argued that the market tends to crash when confidence runs excessive, typically resetting earlier than the following bullish section.
His feedback sparked renewed nervousness amongst retail merchants already reacting to a mixture of bearish catalysts, geopolitical uncertainty, profit-taking close to all-time highs, and falling institutional curiosity.
Andrew Tate predicts $BTC value dumping to $26K
High G shorted bitcoin at ATH!
Tate is aware of one thing we don’tpic.twitter.com/uhtdv2x5tG
— Tate Information (@TateNews_) October 17, 2025
In the meantime, Spot Bitcoin ETFs recorded weekly outflows of $864.48 million, ending a two-week influx streak and signaling waning institutional demand. The slowdown in ETF participation has dampened shopping for momentum and added strain to short-term sentiment.
Market information displays this shift: the Bitcoin Worry & Greed Index has fallen to 22, marking “excessive concern” territory. Traditionally, such ranges have typically preceded accumulation phases, hinting that BTC might be nearing an area backside if sentiment stabilizes.
Key highlights:
- Bitcoin is down almost 17% from its October highs.
- ETF outflows hit $864M, reversing earlier inflows.
- Worry & Greed Index drops to 22 — a possible backside sign.
Bitcoin Value Prediction: Triple Backside Setup Eyes Breakout Towards $113K
Bitcoin is consolidating close to $106,986, exhibiting early indicators of restoration after final week’s decline. The two-hour chart suggests a possible triple backside forming round $103,400–$104,000, a basic reversal sample that might set off a rally if value breaks above the $108,000 neckline.
The descending trendline from early October continues to cap good points, whereas narrowing gaps between the 50-EMA and 100-EMA trace at fading bearish momentum. The RSI close to 38 suggests the market is exiting oversold territory, signaling potential for a short-term rebound if quantity strengthens.
Holding above $103,400 is essential to keep up construction. A breakout above $108,000 might raise BTC towards $109,300–$113,600, whereas a drop under $104,000 may retest $101,600–$100,100.
From a broader view, Bitcoin’s technical base suggests rising accumulation. A confirmed breakout may open the trail towards $120,000, aligning with enhancing sentiment and renewed institutional inflows, hinting that this consolidation might mark the inspiration for Bitcoin’s subsequent main restoration section.
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