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Summary: In this week’s Bitcoin price analysis, Josep Capo, a seasoned price action trader from the Al Brooks trading community, examines Bitcoin’s behaviour through the weekly and daily charts, emphasizing the ongoing consolidation within a defined bull channel.
Bearish positions have been more favorable than bullish ones. However, the current breakout mode pattern signals a potential inflection point, setting the stage for the next significant market swing.
On the weekly chart, Bitcoin remains supported by a long-term bull trend line above the 365-day moving average, which acts as a key support level.
Despite a brief attempt to break below a 13-week trading range, this bearish move failed, indicating continued sideways consolidation rather than a pronounced downtrend.
Key support levels include the psychologically significant $100,000 mark and the 365-day moving average.
The $115,000 level, the midpoint of the trading range and aligning with the September quarterly close, acts as a critical magnet for price action, while $125,000 serves as resistance following a potentially false breakout in October.
Bitcoin’s Weekly Report of 26 October 2025 by Josep Capo
Looking ahead, Bitcoin is expected to oscillate around $115,000, with possible dips toward $105,000 or $100,000 over the next one to three weeks.
The monthly bar close is forming as an outside down doji, signaling indecision but with a slight bullish bias due to a fading bearish momentum. On the daily chart, Bitcoin is forming a triangle pattern, a classic consolidation structure that sets up a balanced probability for either an upside or downside breakout.
The $110,000 level and the 30-day exponential moving average were previously identified as strong resistance points where short trades could be structured, and the price did reverse downward from these areas.
However, the current triangle reflects a tug-of-war between bulls and bears, with both breakout directions facing challenges due to nearby support and resistance levels.
The most probable scenario is a failed downside breakout followed by a reversal upward, as a third consecutive bearish leg would be unusual and less likely.
Josep advises cautious bullish positioning within the lower half of the trading range, with potential strategies including fading trapped bulls near $115,000 or waiting for reversals to swing trade toward lower support levels.
Overall, Bitcoin’s price action suggests continued consolidation, with a slight tilt toward bullish resolution due to weakening bearish momentum.
Finally, Josep invites viewers watching a new initiative from the Brook’s Trading Course Community: daily end-of-day Bitcoin reports analysing intraday price movements to provide traders with daily insights.
He invites you to leave a comment on the Brooks Trading Course blog post, if you enjoy this service they’re now offering.*
*Check out the daily Bitcoin posts.
