The crypto market next week is expected to set the stage for the bullish month of October, referred to as Uptober for its bullish moves.
During this week, the crypto market has been facing bearish pressures, following a downturn in the global market. Bitcoin drifted downwards, liquidating nearly $1.7 billion in futures positions. Also, Ethereum saw a similar drop of 6.8% today. BNB, however, reached a record high of $1,087 over the weekend before retracing slightly due to the selling pressure at the top.
The ongoing bearish trend of the crypto market comes due to various reasons. The entire market was expecting a rate cut last week, and the post-rate-cut rally pushed Bitcoin around 3%. The current red candles are mainly the correction of the euphoric move and sell-off by the paper hands. The Bank of Japan announced an interest rate hike for the first time in 17 years, which triggered a sell-off in both stock and crypto markets. Also, the long perpetual liquidations further contributed to the bearish market and added a few more red candles.
The Fear and Greed Index is currently at “Neutral” at 47, indicating low trading activity and stable market liquidity. This reflects the high volatility and emotional decision-making often seen in the crypto market.
Crypto Market Next Week:
The crypto market next week is expected to remain under pressure, with ongoing bearish sentiment and potential for further downside, especially if key support levels are breached. The SEC is prioritizing clear rules for crypto innovation, focusing on capital formation on-chain and integrated trading platforms. Additionally, a new UK-US joint task force aims to streamline digital asset regulation, with concrete recommendations expected before mid-2026. Regulatory clarity will bring in more business and institutions, but that is a long-term thing, for the next week, we may see further correction.
Bitcoin next week
The Bitcoin price got rejected from a resistance level of $118,000 last week. The rejection caused the price to drop further and flush liquidity near $112,000. The current chart shows where large orders and stops were concentrated, and you can see how the price has repeatedly gravitated toward these zones. For example, the 18.08K and 29.56K liquidity pockets marked the tops before reversals, while the deeper 42K and 10K clusters secured strong bounces.
Currently, Bitcoin is trading around $112,600, after making huge red candles and ‘rekting’ long positions. Still, the major concern for the bulls is that the immediate liquidity is still on the downside, near $110,000 price mark. This makes it an attractive magnet if the price stays bearish. A deeper flush could even test $107,610, which would mean the broader liquidity sweep would reach the levels of August.
Therefore, for the next week, the chances lean towards a further bearish scenario. The downside tilt could push the price to $110,000. However, since the price is already 2% during the last 24 hours, we may see a short-term relief rally towards $114,000. The chances of Bitcoin touching $114,000 in the short term would increase if the short positions at this point start to pile up.
Ethereum next week:
Ethereum is trying hard to break above its all-time high, but due to the money rotation between BTC and Ethereum, the price of Ethereum tends to concentrate above $4,000. The current Ethereum chart shows a decisive break below the rising trendline support, with price dipping straight into the major liquidity band around $4,000.
This level has been tested multiple times in recent weeks and now acts as the clearest magnet for order flow. A huge amount of liquidity and SL orders await the Ethereum price to drop below $4,000. The long wick near the support line shows that various stop orders were triggered, and the current small bounce shows buyers attempting to defend it.
If ETH holds above the liquidity block, we may expect a corrective push back toward 4,350–4,400 to be possible during the next week.
The new price action of Bitcoin would mainly decide if Ethereum is going to go for a liquidity sweep or if fresh inflows push the price above $4,400. Nevertheless, even the red market sets a perfect stage for the month of October to be Uptober and show price recovery after a ‘Red September’.
