BTC/USD Forecast: Continues to See Overhang – 16 October 2025
Bitcoin faces renewed selling pressure near $110,000, with support at $108,000 and the 200-day EMA in focus as traders await signs of stability.

Bitcoin faces renewed selling pressure near $110,000, with support at $108,000 and the 200-day EMA in focus as traders await signs of stability.
The euro showed slight recovery against the US dollar, but remains vulnerable below key resistance, with a break under 1.1550 likely to accelerate selling.
USD/JPY dipped sharply but remains in a bullish structure, with key support zones near 150 offering potential buy-on-dip opportunities within a broader uptrend.
The Australian Dollar has gained some ground despite Australian unemployment rising to a new 4-year high.
EUR/USD touched its highest level in over a week above 1.1670 early Thursday before retreating to the 1.1650 area. The pair’s technical outlook suggests that the bullish bias remains intact but technical buyers could turn hesitant unless EUR/USD confirms 1.1650 as support.
The GBP/USD pair gains positive traction for the second successive day on Thursday and recovers further from its lowest level since early August, around the 1.3250-1.3245 region touched earlier this week.