Bitcoin Update 7 October 2025

Wooooo here we go

Or do we? Very extended short term action and neutral positioning on the weekly chart below, has us unconvinced at this stage. Don’t get me wrong, we’re long and it is going a lot higher. There might be better opportunities to get in short-term.

A confirmation above the rectangle’s resistance is the signal for more upside immediately.

A pullback to 117k wouldn’t do much structural damage but certainly below 107k would prompt re-evaluation.