Bitcoins Attack $110,000, Gold Falls 5% in One Day

The following are key points.

• Bitcoin is volatile until the Wall Street opening with $110,000 appearing.

• As the moving average of 21 weeks becomes more important, liquidity conditions around prices become thicker.

• The gold price has fallen from its all-time highest.

BitcoinBTCGold fell sharply on Tuesday, and buyers and sellers battled for control.

Bitcoin jumps on rematch of CME gap

The Data of Cointelegraph Markets Pro You can also find out more about the following: TradingView BTC’s price is rising.

After dropping toward the weekend gap in CME Group’s Bitcoin futures market — but not filling it — BTC/USD reversed upward, passing the $110,000 mark.

Both bids and offers were made as the entities tried to affect price performance.

Monitoring Resource Data CoinGlass The overall liquidity is increasing around the current spot price.

“Been a while since liquidations have looked like this with funding rates around negative territories,” Luca is a trader wrote Topic in a X-post.

This post referred to funding rates on derivatives exchanges. It indicated a mentality of risk avoidance among traders and an expectation that further declines would be forthcoming.

Both Luca as well as others noted a large potential price “magnet” In the form of requests at $116,000 and higher.

Rekt, a trading and analysis firm, identified the exponential moving average of 21 weeks as a key level that bulls must overcome.

“Bitcoin is finding resistance at the 21-week EMA (green) for the moment which is pressing price back into the historical demand area (orange),” He wrote alongside a chart.

“Bitcoin needs to continue holding orange as support to not just retain a potential early-stage Higher Low but position itself for a reclaim of the 21-week EMA later.”

Gold “double top” The daily drop reaches 5%

On the day, volatility was not limited to only crypto markets.

Related: Ethereum fails again above $4K as traders grow frustrated with shakeouts

In recent days gold had reached all-time records. Now it is at risk. “double top” After daily losses of more than 5,5%, the bearish trend reverses.

$GOLD. Will the EQH transform into a Double Top? The target would be around $4,000. pic.twitter.com/qlh7qm2x21

— HTL-NL 🇳🇱 (@htltimor) October 21, 2025

James Stanley is a senior strategy at Forex.comOne of those who predicted a $4,000 test if the system worked was.

“If neckline breaks and price clears to projected move, that’s a 4k test,” He told X Followers in Part of His Latest X Analysis, Which Included Fibonacci Retracement Levels

Crypto Tony, a trader from the UK, suggested that Bitcoins and other altcoins would benefit from gold’s historical bull run cooling down.

“Riskier asset classes hold more weight during uncertain times and GOLD is the top of this chain,” He wrote on XThe gold price is a major factor in the underperformance of crypto.

“Once this does pullback, expect a Crypto boom.”

This article contains no investment recommendations or advice. Each investment or trading decision involves some risk. Readers should do their own research before making any decisions.