Bitcoin News Update: Bitcoin Eyes Golden Cross Amidst Emerging Macro Threats

Bitcoin Holds Steady Above Key Support as Market Faces Uncertainty

On October 22, 2025, Bitcoin (BTC) maintained its position above the $107,000–$110,000 support zone, with traders keeping a close eye on technical signals and broader economic factors for indications of a potential upward move. The digital asset was trading near $108,200, having bounced back from a four-month low of $104,000 after a $19 billion market sell-off earlier in October, according to

. Experts emphasize that institutional investments and macroeconomic developments are pivotal in determining Bitcoin’s short-term direction.

Technical analysts are monitoring the possibility of a "golden cross" forming on Bitcoin’s 3-day chart—a pattern historically associated with major price rallies, as highlighted in

. The 50-day and 200-day moving averages are approaching a crossover, which could signal a shift to bullish momentum if confirmed. Should Bitcoin break above the $115,000 resistance, it may target the $125,000–$130,000 range, while a sustained move below $107,000 could open the door to further losses toward $100,000–$105,000, according to the same analysis.

The recent turbulence followed a record $19 billion liquidation, which Geoff Kendrick, Standard Chartered’s global head of digital assets research, considers a potential entry point for buyers. Despite ongoing worries about U.S. tariffs and inflation, Kendrick still projects Bitcoin could reach $200,000 by the end of the year, assuming the Federal Reserve continues to cut rates and ETF inflows persist. This positive outlook is reinforced by recent U.S. spot Bitcoin ETF inflows totaling $477.19 million, with BlackRock’s IBIT contributing $210.90 million, reflecting institutional trust according to

.

Optimism for the long term is further supported by figures such as BitMine Chairman Tom Lee, who believes Bitcoin could climb to $1.6–$2 million if it achieves gold’s total market value, as reported in

. Michael Saylor of MicroStrategy envisions a $21 million price within 21 years, citing Bitcoin’s limited supply and growing institutional interest. However, these projections are speculative and would require significant changes in the global financial landscape to become reality.

Institutional moves highlight Bitcoin’s increasing role in mainstream finance. SpaceX recently transferred $133 million in Bitcoin between wallets, sparking renewed discussion about its corporate crypto approach, according to

. At the same time, Crypto.com has applied for an OCC federal charter, joining and Ripple in their pursuit of regulatory approval to broaden custody and staking offerings, as outlined in .

Nonetheless, challenges remain. The upcoming U.S. Consumer Price Index release on October 24 could influence market sentiment, with concerns that unexpected inflation could impact risk assets, according to

. Additionally, ongoing geopolitical issues and regulatory changes continue to add uncertainty.

Bitcoin’s future will depend on its ability to hold above crucial support, confirm the golden cross, and benefit from favorable macroeconomic trends. With ETF inflows and institutional participation on the rise, how Bitcoin weathers short-term volatility will determine whether it achieves ambitious price targets or enters a period of extended consolidation.