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Bitcoin Plunges Below 200-Day Average, XRP Eyes Death Cross

Bitcoin has dropped below the critical 200-day simple moving average of $109,380, indicating potential weakness ahead as the dollar index reaches its highest since August 1. This decline in Bitcoin's price occurred despite positive advancements in U.S.-China trade relations, where an agreement was made to reduce tariffs and boost trade, but did not lead to a rally in cryptocurrencies. The dollar index climbed due to Federal Reserve Chair Jerome Powell's remarks on interest rates and the Bank of Japan's dovish stance. Chart-focused traders might initiate more selling, pushing Bitcoin towards $100,000. Additionally, other cryptocurrencies such as XRP are on the verge of a 'death cross' with their moving averages, while Solana has weakened despite developments in its market.

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Myriad Moves: Bitcoin Odds Flip Bearish as Traders Expect Longest US Gov Shutdown in History

Bitcoin's market has turned bearish as traders anticipate the longest government shutdown in U.S. history. Currently priced around $107,659, Bitcoin saw a 3.5% decline over 24 hours, contributing to market uncertainties that have led to a significant shift in predictions. Predictions for Bitcoin's

Myriad Moves: Bitcoin Odds Flip Bearish as Traders Expect Longest US Gov Shutdown in History

The current economic climate has shaken crypto traders, as Bitcoin's price has fallen around 4% to approximately $107,659. Predictions for Bitcoin's next price movement have shifted from bullish to bearish, with market sentiment indicating a 43% chance of it reaching $120,000, down from earlier

Myriad Moves: Bitcoin Odds Flip Bearish as Traders Expect Longest US Gov Shutdown in History

In the context of rising uncertainty in the cryptocurrency market, traders are adjusting their predictions regarding Bitcoin's price movements. As of late October 2025, the odds for Bitcoin reaching $120,000 have dropped to 43%, a significant decrease from 75% earlier in the week. Recently, Bitcoin traded at

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