Technical analysis by ScottMelker about Symbol BTC on 10/13/2025

Bitcoin’s rebound from Friday’s historic flush has been remarkable. After one of the largest liquidation events in crypto history, price wicked all the way down to the 200-day EMA near $106K — a level that’s been rising steadily throughout the year — before bouncing sharply. That deep tag of the long-term moving average looked like true capitulation, with heavy volume confirming forced selling rather than panic from long-term holders. Now trading back above the 50-day MA and just below key resistance around $117K, Bitcoin sits at a crucial inflection point. A decisive daily close above $117K would likely confirm that the market has absorbed the shock and open the door for a move back toward $124K. For now, expect consolidation between $111K and $117K as leverage resets and confidence rebuilds. The broader uptrend remains intact — this was a structural flush, not a trend break Interesting detail. Friday’s crash wasn’t even the highest-volume day for Bitcoin on Coinbase this summer. There were two bigger days in July – and on both, price barely moved. Small dips, quickly bought up. That tells you everything about what happened last week. This wasn’t a broad-based selloff – it was a leverage event. A chain reaction of forced liquidations, not spot panic. It also suggests that during the worst of the drop, trading on spot exchanges may have been partially frozen – meaning real buyers couldn’t step in even if they wanted to.