Ignoring Bitcoin for 17 Years Is the Spookiest Thing

On October 31, 2025, Bitcoin's trading activity demonstrated a significant bounce off key support levels, with notable engagement around the $106,400 resistance zone. Despite a rapid recovery, trading volume settled into a more compressed range, indicating a lack of decisive movement. Analysts noted that Bitcoin's price fluctuated between $106,391 and $110,700, emphasizing the importance of breaking through established resistance to indicate future price direction. As the cryptocurrency community celebrated Halloween, they also marked the 17th anniversary of Satoshi Nakamoto's release, intensifying discussions. The Bitcoin Policy Institute advised the community not to fear governmental fiat systems, painting Bitcoin as a robust alternative. Phil Geiger from Metaplanet emphasized that ignoring Bitcoin is a major oversight. Historical price data revealed significant fluctuations, showcasing Bitcoin's volatility but also its long-term value appreciation. Overall, traders are advised to watch for a breakout, with potential targets including $120,000 if bullish momentum continues, and downside risks towards $94,000 if bearish pressure prevails.

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