Crypto Market Recap β October 9, 2025
π Bitcoin (BTC) β $120,483
- Last update: ~$114K
- Broke above $117.5K β confirmed bullish sentiment
- New all-time high: $125K
- Expected move: pullback to $117K (turn resistance into support)
- If support holds β target $131K within the next couple of months
- Structure remains strong; not a fast move, but steady
β« Bitcoin Dominance β 59%
- Broke long-term trendline in mid-August
- Currently holding around 59%
- Potential rise to 61% β retest of that two-year trendline
- Likely rejection at that level β could mirror last cycle
- Prior cycle: dominance fell from 70% β 40% after a similar setup, expecting 62% β 50%: not as steep a fall due to ETFs and DATs (digital asset treasuries)
π£ Ethereum (ETH) β $4,300
- Price unchanged since last update
- Still compressing in a tight range β accumulation phase
- Compression signals comfort β 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
π’ Solana (SOL) β $217
- High: $253 β Low: $191 β 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
πΊ Avalanche (AVAX) β $27
- Recent high: $36
- Now testing $26.5β$25.5 range β former resistance turned support
- Pattern consistent with a healthy break/retest setup
- Holding that zone β strong sign for upward continuation
π§ Pengu (PENGU) β $0.03
- Dipped into buy zone ($0.027β$0.025) between Sept 25β30
- Quick rebound to $0.03 β healthy consolidation
- Still under key resistance β needs a clean break above $0.036
- Until breakout, expect sideways accumulation