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31/10/25 03:55 UTC-04

Glassnode Analysts Forecast Bitcoin Price Movement for the Coming Days

According to Glassnode analysts, long-term holders sold about 104,000 BTC in October — the largest sell-off since July, while short-term investors are realizing losses.

“As long as Bitcoin trades between $107,000 and $117,000, the zone of major investor accumulation, the market maintains a fragile balance. While there are no clear signs of full-scale capitulation yet, time is working against the bulls as confidence among market participants gradually erodes,” Glassnode noted.

Experts pointed out that Bitcoin’s failure to sustain above $113,000 after six months of steady trading indicates waning buying momentum. If this trend continues, the market could enter a deep and prolonged correction phase.

To break the stagnation and start a new bullish trend, strong catalysts will be required — which are currently absent, analysts concluded.

Earlier, Swiss-based firm Swissblock said that the continuation of Bitcoin’s rally depends on whether bulls can defend the key support level at $114,000.

See also: "Michael Saylor: Bitcoin Will Reach $150,000 by Year-End, and $20 Million Within 10 Years"

#Bitcoin (BTC) #Forecast

Editor: Jerg Wos
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