Bitcoin price breakout is currently being prevented by sellers at $108,200 as of October 22, 2025. This is after a recent high at $111,500 was skirted because of mounting selling pressure. Analysts indicate that although the market is stagnant, there are indications of a probable rebound in the pipeline.
Bitcoin Price Struggles
Bitcoin’s market capitalization has dipped over 1% in the past day. The price remains near $107,000, far from the high, and sellers are swinging vigorously downward. Yet, overall sentiment may not be as bearish as it seems. On-chain analysis shows diminished selling pressure from short- and long-term holders, indicating selling exhaustion.
Key Metrics Suggest Selling Exhaustion
The MVRV Z-score, a crucial figure which gauges the market cap of Bitcoin with respect to its true value, has increased from 1.90 to 1.96. This may be an indication of a potential reversal in price. Historical experience suggests that similar trends in the past resulted in significant price upswings. To illustrate, a similar scenario at the close of September resulted in a 14% price surge from $109,692 to $124,714 in just a week.
Apart from this, the Spent Coins Age Band indicator reveals a dramatic drop in sales. Long-term sales dropped by 99.6%, and short-term sales fell by 98.9%. This points to long-term as well as short-term holders staying away from selling, likely due to current market conditions under which holding turns out to be more rewarding than selling assets.
Potential for a Price Reversal
Although bear pressure of late has been felt, Bitcoin is still in a falling wedge on the 12-hour chart. This type of pattern normally signals a probable breakout to the upside. Price touched the upper line at around $114,000 but encountered seller resistance, and price retreated to $108,200. Interestingly, a doji candle formed, and that normally heralds a reversal of direction in price.
If Bitcoin does surge above the major resistance level of $111,500, then expect a probable rally to $114,000 and then up to $124,200 if the trend keeps on going. But watch out; falling below $107,500 might ruin any reversal, and below $103,500 would rule out the bull scenario entirely.
