3 min read
Bitcoin (BTC) is holding firm above $108,000, showing renewed strength after bouncing from $106,600 earlier this week. However, analysts warn that this calm could fade soon, as investors brace for a series of major macro events, starting with the U.S. Consumer Price Index (CPI) report due Friday.
Bitcoin Under Pressure in a Historically Bullish Month
Despite today’s stability, BTC is down roughly 4% since the start of October, marking what could become its worst October since 2014 if prices close at current levels. Historically, October has been one of Bitcoin’s strongest months, often dubbed “Uptober” by traders. But that momentum has yet to appear.
@WealthManagerrr, a popular market strategist on X, noted:
“With eight days remaining, there’s still plenty of time for a green finish. The next few days will be very interesting.”
A Packed Week of Catalysts Ahead
According to recent reports, Friday’s CPI report (expected around 3.1%) will set the tone for all risk assets. Economists warn that a hotter-than-expected reading could spark renewed selling in Bitcoin and equities alike.
But that’s not the only macro risk in play. The Federal Open Market Committee (FOMC) interest rate decision next week and the November 1 deadline for 100% tariffs on Chinese goods could dramatically sway investor sentiment.
@WealthManagerrr suggested that even partial easing could lift markets:
“I doubt Trump will rigidly enforce the full tariffs.”
CPI data will be released this upcoming Friday.
The consensus forecast is 3.1%.
What concerns me is that CPI has been rising for the past six months, and we are once again above 3%, even as the Fed has already started lowering interest rates.
If the data comes in above 3.1%,… pic.twitter.com/MVlI9wsveg
— Crypto | Stocks | Freedom (@Wealthmanagerrr) October 20, 2025
Technicals Show Short-Term Strength
On the 15-minute timeframe, Binance analysts report that the Parabolic Stop and Reverse (SAR) has flipped bullish, indicating a potential continuation toward $109,200–$109,800. The Relative Strength Index (RSI) remains below overbought levels, leaving room for another small push higher.
However, data from Glassnode shows fading momentum. Bitcoin trades below the short-term holders’ cost basis, a sign of demand exhaustion. ETF flows also turned negative midweek, with over $100 million in outflows from Bitcoin ETFs. One senior on-chain analyst said:
“The market’s upside is capped until we see renewed ETF inflows or a clear macro catalyst.”
Institutional Voices Echo Caution
Even traditional wealth managers are now closely watching crypto. A strategist, reflecting on how Bitcoin’s price is becoming increasingly tied to broader economic policy, noted:
“Portfolios are under review ahead of this week’s inflation trigger.”
This shift shows that crypto is no longer a niche play; it’s part of the global macro conversation.
Calm Before the Storm
Analysts largely agree that Bitcoin will likely trade sideways or slightly lower until Friday’s CPI report. The outcome of the CPI, followed by the FOMC decision and tariff developments, will decide whether October ends red or green.
For now, Bitcoin remains steady, but the real volatility lies ahead.
Viewers can access more information regarding BTC trends here.
