Bitcoin Falls Below $108k as Binance Co-Founder CZ Predicts BTC Will Exceed Gold's $30T Market Capitalization

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Oct 21 2025

BTC-3.109%

BNB-2.346%

ASTER-3.975%

Should l Buy BTC?

Bitcoin Price Movement: Bitcoin's price has decreased by 2.4% to $107,867, with predictions from Binance co-founder Changpeng Zhao suggesting it will eventually surpass gold's market cap of $30 trillion.
Market Analysis: Bitcoin is currently at a critical juncture, consolidating between $107,000 and $111,000, with key support at $107,000 and potential resistance at $110,000.
Economic Influences: Upcoming US economic data, including jobless claims and CPI inflation reports, are expected to impact Bitcoin's performance this week.
Technical Indicators: The Relative Strength Index indicates potential exhaustion of selling pressure, while the Moving Average Convergence Divergence shows a bearish trend, suggesting sellers are currently in control.

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Technical Analysis for BTC

Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Bitcoin (BTC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	36012.686	48006.343	60282.706	72276.363	84552.726	96546.383	108822.746
Fibonacci	48006.343	57277.491	63005.215	72276.363	81547.511	87275.235	96546.383

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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