Crypto Market Recap โ October 9, 2025
๐ Bitcoin (BTC) โ $120,483
- Last update: ~$114K
- Broke above $117.5K โ confirmed bullish sentiment
- New all-time high: $125K
- Expected move: pullback to $117K (turn resistance into support)
- If support holds โ target $131K within the next couple of months
- Structure remains strong; not a fast move, but steady
โซ Bitcoin Dominance โ 59%
- Broke long-term trendline in mid-August
- Currently holding around 59%
- Potential rise to 61% โ retest of that two-year trendline
- Likely rejection at that level โ could mirror last cycle
- Prior cycle: dominance fell from 70% โ 40% after a similar setup, expecting 62% โ 50%: not as steep a fall due to ETFs and DATs (digital asset treasuries)
๐ฃ Ethereum (ETH) โ $4,300
- Price unchanged since last update
- Still compressing in a tight range โ accumulation phase
- Compression signals comfort โ potential for breakout later
- ETH/BTC ratio: 0.035
- Could dip to 0.032 and remain bullish
- Sell/trim targets: 0.054 and 0.062
๐ข Solana (SOL) โ $217
- High: $253 โ Low: $191 โ Now: $238 (higher low)
- Still respecting the long-term channel since March 2025
- As long as it holds $200, the structure remains intact
- Channel movements continue to show strength
๐บ Avalanche (AVAX) โ $27
- Recent high: $36
- Now testing $26.5โ$25.5 range โ former resistance turned support
- Pattern consistent with a healthy break/retest setup
- Holding that zone โ strong sign for upward continuation
๐ง Pengu (PENGU) โ $0.03
- Dipped into buy zone ($0.027โ$0.025) between Sept 25โ30
- Quick rebound to $0.03 โ healthy consolidation
- Still under key resistance โ needs a clean break above $0.036
- Until breakout, expect sideways accumulation