Bitcoin (BTC) Price Prediction for October 27
Analysis
Price Impact
MedBitcoin is at a critical juncture, facing immediate resistance and potential short-term decline, but with a significant mid-term upside if key levels are broken.
Trustworthiness
MedAnalysis is based on technical indicators (support/resistance levels, candle closures) from various timeframes, which is a common approach in market analysis. however, it is an individual opinion piece.
Price Direction
NeutralShort-term, btc is likely to test the $114,000 support if the daily bar closes near that mark. however, if the weekly candle closes above the $116,000 interim level, a significant upward move towards $120,000 is possible in the midterm.
Time Effect
Short | longThe analysis considers immediate price action on hourly/daily charts for short-term movements and potential mid-term trends based on weekly candle closures.
Original Article:
Article Content:
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News The crypto market is mainly bullish at the beginning of the week, according to CoinStats . Advertisement Top coins by CoinStats BTC/USD The price of Bitcoin (BTC) has gone up by 1.09% over the past day. Image by TradingView On the hourly chart, the rate of BTC is approaching the local support of $114,385. If the daily bar closes near that mark, the decline is likely to continue to the $114,000 range. Image by TradingView On the longer time frame, the price of the main crypto has made a false breakout of the resistance of $116,035. You Might Also Like Sun, 10/26/2025 - 16:44 Bitcoin (BTC) Price Analysis for October 26 By Denys Serhiichuk If the daily bar closes far from that mark, one can expect a test of the $114,000 zone shortly. Image by TradingView From the midterm point of view, traders should focus on the weekly candle's closure in terms of the interim level of $116,000. If its breakout occurs, the accumulated energy might be enough for a further upward move to $120,000. Bitcoin is trading at $114,958 at press time. #Bitcoin Price Prediction