Ignoring Bitcoin for 17 Years Is the Spookiest Thing

On October 31, 2025, the Bitcoin market experienced a fast rebound after a dip buying phase lifted Bitcoin off support. However, this rally faced resistance near critical price points, with trading activity narrowing into a tighter range. Bitcoin slid to a low of $106,391 before testing the $110,700 resistance level. A notable sell wave involved 19,395 BTC changing hands, significantly above average for that phase. Advocates on social media leveraged the Halloween theme to draw attention to Bitcoin's resilience, while the Bitcoin Policy Institute encouraged individuals not to fear the 'ghosts of fiat.' Phil Geiger from Metaplanet remarked that ignoring Bitcoin could be seen as quite frightening. Long-term price fluctuations were highlighted, with Bitcoin reaching different price points on Halloween over the years. The current focus centers on whether Bitcoin will successfully break above the $110,700 to $114,500 resistance zone, which could lead to further gains toward $120,000. Conversely, a drop below $106,400 could expose lower support levels.

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