Question #121 ·
What price highs and lows did Bitcoin reach in October 2025 and what do support and resistance levels mean?
- Bitcoin peaked at around $126,000 and dropped to about $104,000 in October 2025. Support and resistance define price floors and ceilings. Right answer
- Bitcoin reached highs near $115,000 and lows around $95,000 in October 2025. Support and resistance levels represent ideal trading zones.
- In October 2025 Bitcoin swung between roughly $130,000 and $100,000. Support and resistance indicate buying and selling pressure points levels respectively.
Why is this the correct answer?
This is correct because in early October 2025 Bitcoin did reach a high near $126,000 and fell to a low near $104,000. Support is the level where buyers typically step in to prevent further declines, acting as a floor. Resistance is the level where sellers often emerge to cap upward moves, acting as a ceiling. Understanding these levels helps beginners spot potential bounce or reversal areas on price charts.