ChatGPT’s BTC analysis has revealed Bitcoin declining -2.78% to $105,191, testing the key 200-day EMA at $104,901 as President Trump cancels 100% China tariffs, stating “ we’ll be fine with China .” In comparison, $1.2B liquidations trigger market deleveraging, with Polymarket showing 52% odds of a sub- $100K move this month. ChatGPT’s BTC analysis synthesizes 28 + technical indicators at the make-or-break support level. Technical Analysis: Key 200-Day EMA Test Bitcoin at $105,191 reflects a -2.78% decline from $108,194 , down ~ 14% from October’s ATH at $126,198 . Tests crucial 200-day EMA at $104,901 , just -0.3% below current level, representing 50% Fibonacci retracement. Volume sits at 29.24K BTC during the correction. RSI at 52.18 neutral. Moving averages bearish short-term: 20-day at $114,259 ( +8.6% ), 50-day at $114,672 ( +9.0% ), 100-day at $113,190 ( +7.6% ). All EMAs are overhead, while the 200-day provides a key support test. Source: TradingView Additionally, the MACD remains bearish at -1,579.16, but is converging with the signal line at -1,580.73 , and the histogram at -1.57, suggesting a momentum shift. Extremely high ATR at 102,898.05 confirms massive volatility potential. Source: TradingView Tariff Cancellation Meets $19B Leverage Purge Trump canceled 100% China tariffs, stating “ no ” when asked if tariffs stand and “we’ll be fine with China.” White House Advisor Hassett also clarified, “ We’re not in a trade war with China ,” while suggesting “ three Fed rate cuts would be a good start.” Market shed $1.2B liquidations with investors fleeing to safe havens. JUST IN: President Trump says "no" when asked if China tariffs will stand. pic.twitter.com/lx2cGF73XG — Watcher.Guru (@WatcherGuru) October 17, 2025 Speaking with Cryptonews, Farzam Ehsani, CEO of VALR, notes Bitcoin “ stabilizing above $110,000 after historic $19 billion leverage purge reset traders’ positioning. “ He emphasizes “ structural demand for BTC remained resilient ” with “ spot BTC ETFs recording more than $4.5 billion inflows in October” and stablecoin liquidity crossing “ $300 billion , revealing capital flight remained minimal. “ Ehsani highlights “ gold and Bitcoin increasingly viewed as alternatives to the US dollar’s reserve dominance ” as “ renewed demand for hard assets reflects investor unease with fiscal deficits, swelling sovereign debts, persistent inflation. “ Amid these unexpected market dips, Arthur Hayes observes , “ $BTC on sale. If US regional banking wobble grows to a crisis, be ready for a 2023 -like bailout.” $BTC on sale. If this US regional banking wobble grows to a crisis be ready for a 2023-like bailout. And then go shopping assuming you have spare capital. I got my list, what’s on yours fam? pic.twitter.com/TbuQQI3njN — Arthur Hayes (@CryptoHayes) October 17, 2025 Grant Cardone is already buying more BTC during the crash. Liquidation Tests Structure Bitcoin maintains $2.13T market cap ( -4.1% ). Volume surged +26.51% to $105.58B , producing a 4.99% volume-to-market cap ratio. Market dominance rises to 58.42% ( +0.77% ) as altcoins underperform. Source: CoinMarketCap Historical 2025 : $104,031 (January), $81,976 (February correction), $126,198 (October peak) before the current 14% retracement. As it stands now, Polymarket odds show a 52% probability of a sub- $100K move this month. JUST IN: Odds of Bitcoin falling below $100,000 this month rise to 52%, according to Polymarket. pic.twitter.com/U0qXezjqkr — Watcher.Guru (@WatcherGuru) October 17, 2025 Social Sentiment: Fear Dominance Amid Support Test LunarCrush shows AltRank at 134 ( +85 ) and Galaxy Score at 41 . Engagements surge to 223.28M ( +27.83M ), mentions at 382.13K ( +2.25K ). Social dominance jumps to 36.2% ( +6.4% ), sentiment declines to 75% ( -2% ). Most analysts emphasize that the “critical level for BTC is $100K” as the”final price support during bull cycle.” The critical level for $BTC is $100K! The $100K level in the #Bitcoin is the lower price limit set by traders and has served as the final price support during this bull cycle Breaking below $100,000 could trigger a significant sell-off… pic.twitter.com/aS6SYz4Ofd — PRIME 𝕏 (@primenews_en) October 17, 2025 Others also note that “ breaking below $100,000 could trigger a significant sell-off ,” while some observe that”Bitcoin down 18% from ATH – not a big decline for Bitcoin.” Ehsani concludes, “ Bitcoin testing boundaries between being risk asset and hedge against systemic uncertainty. If liquidity tailwinds materialize and institutional accumulation persists, market setup for Bitcoin strengthening toward $132,000 by year-end remains plausible. “ ChatGPT’s BTC Analysis: 200-EMA Defense Determines Fate ChatGPT’s BTC analysis reveals that Bitcoin is at a key juncture, testing 200-day EMA at $104,901 . Bulls must defend or face correction toward $100K – $102.5K . Immediate resistance at $108K – $110K required for reversal. Source: TradingView Break below $103,500 triggers deeper correction toward $100K with potential extension to $95K – $97.5K . Three-Month BTC Forecast Bullish Recovery (60% if $104,901 Holds) 200-EMA hold with tariff relief drives recovery toward $113K – $120K ( 7 – 14% upside). Requires $110K reclaim. Source: TradingView Deeper Correction (70% if $103,500 Breaks) Break triggers selling toward $100K – $102.5K ( 2 – 5% downside) with potential $95K extension ( 10% downside). Source: TradingView Extended Consolidation (30%) Range $103,500 – $108,000 allows institutional accumulation before directional break. Source: TradingView ChatGPT’s BTC Analysis: Key Support Defense Next Target: $100K-$102.5K if Break, $113K-$120K if Hold Hold above $104,901 maintains uptrend with recovery toward $110K – $113K . Failure indicates correction toward $100K with $95K – $97.5K final defense. Tariff cancellation and Fed rate cuts provide a bullish backdrop, but Ehsani warns “ geopolitical environment may need to cool down further before sustained upside resumes .” A critical decision point has arrived, where bulls must defend $104,901 or face an extended consolidation. The post ChatGPT’s BTC Analysis: $105K Tests Key 200-Day EMA as Trump Cancels China Tariffs appeared first on Cryptonews .
