Bitcoin

Gold

James

Rekt

Key points:
<ul>
 <li>Bitcoin stays volatile into the Wall Street open with $110,000 making a reappearance.</li>
 <li>Liquidity conditions thicken around price as the 21-week moving average now important to reclaim.</li>
 <li>Gold price tumbles from a rematch with all-time highs.</li>
</ul>
Bitcoin (<a href="https://cointelegraph.com/bitcoin-price" rel="noopener noreferrer nofollow">BTC</a>) buyers and sellers fought for control at Tuesday’s Wall Street open as gold fell hard.
<figure>
 <img alt="Bitcoin taps $110K as BTC price diverges from 5% gold correction" src="https://s3.cointelegraph.com/uploads/2025-10/019a0733-b836-76cb-bd02-39e3943aaf84" title="">
 <figcaption style="text-align: center;">
 BTC/USD one-hour chart. Source: Cointelegraph/TradingView
 </figcaption>
</figure>
<h2 id="bitcoin-bounces-after-rematch-with-cme-futures-gap">Bitcoin bounces after rematch with CME futures gap</h2>
Data from <a href="https://subscription.cointelegraph.com/?_gl=1*enpnlb*_ga*MTE3NDE3MjgzMC4xNzE1NjcwODE1*_ga_53R24TEEB1*MTc0NDcyNDI2NS40MS4xLjE3NDQ3MjQyNjkuNTYuMC45MTY3MzAwMzI." rel="noopener noreferrer nofollow">Cointelegraph Markets Pro</a> and <a href="https://www.tradingview.com/symbols/BTCUSD/?exchange=BITSTAMP" rel="noopener noreferrer nofollow" target="_blank">TradingView</a> showed BTC price volatility heating up.
After dropping toward the weekend gap in CME Group’s Bitcoin futures market — but <a href="https://cointelegraph.com/news/bitcoin-cme-gap-btc-price-dips-risk-100k-collapse" rel="noopener noreferrer nofollow">not filling it</a> — BTC/USD reversed upward, passing the $110,000 mark.
The pair surfed changing liquidity conditions on exchange order books, with both bids and asks coming and going as entities attempted to influence price performance.
Data from monitoring resource <a href="https://www.coinglass.com/pro/futures/LiquidationHeatMap?coin=BTC&amp;type=symbol" rel="noopener noreferrer nofollow" target="_blank">CoinGlass</a> revealed overall liquidity thickening around the spot price.
<figure>
 <img alt="Bitcoin taps $110K as BTC price diverges from 5% gold correction" src="https://s3.cointelegraph.com/uploads/2025-10/019a072e-c8f1-785e-b5ce-bda0c92bbe6a" title="">
 <figcaption style="text-align: center;">
 BTC liquidation heatmap (screenshot). Source: CoinGlass
 </figcaption>
</figure>
“Been a while since liquidations have looked like this with funding rates around negative territories,” trader Luca <a href="https://x.com/CrypticTrades_/status/1980618280894103701" rel="noopener noreferrer nofollow" target="_blank">wrote</a> on the topic in an X post.
The post referenced funding rates across derivatives exchanges, indicating a risk-off mentality among traders, with an overall expectation of further downside to come.
Both Luca and others <a href="https://cointelegraph.com/news/dead-cat-bounce-to-118k-5-things-bitcoin-this-week" rel="noopener noreferrer nofollow">noted</a> a large potential price “magnet” in the form of asks at $116,000 and above.
<figure>
 <img alt="Bitcoin taps $110K as BTC price diverges from 5% gold correction" src="https://s3.cointelegraph.com/uploads/2025-10/019a072f-383d-7be6-a03e-3927fc43bf8c" title="">
 <figcaption style="text-align: center;">
 BTC/USD one-week chart. Source: Rekt Capital/X
 </figcaption>
</figure>
Trader and analyst Rekt Capital, meanwhile, flagged the 21-week exponential moving average (EMA) as the key resistance level for bulls to beat.
“Bitcoin is finding resistance at the 21-week EMA (green) for the moment which is pressing price back into the historical demand area (orange),” he <a href="https://x.com/rektcapital/status/1980543204526019027" rel="noopener noreferrer nofollow" target="_blank">wrote</a> alongside a chart.
<blockquote>
 “Bitcoin needs to continue holding orange as support to not just retain a potential early-stage Higher Low but position itself for a reclaim of the 21-week EMA later.”
</blockquote>
<h2 id="gold-double-top-in-sight-as-daily-dip-hits-5">Gold “double top” in sight as daily dip hits 5%</h2>
Volatility was not only confined to crypto markets on the day.
Related: <a href="https://cointelegraph.com/news/ethereum-price-fails-above-4k-traders-grow-frustrated-shakeouts" rel="noopener noreferrer nofollow">Ethereum fails again above $4K as traders grow frustrated with shakeouts</a>
Gold, which had posted all-time highs in recent days, now found itself at risk of a “double top” bearish trend reversal after suffering more than 5.5% in daily losses.
<blockquote class="twitter-tweet">
 <a href="https://twitter.com/search?q=%24GOLD&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$GOLD</a>. Will the EQH turn into a Double Top? If so, the target is around 4K. <a href="https://t.co/qlh7qm2x21" rel="noopener noreferrer nofollow">pic.twitter.com/qlh7qm2x21</a>— HTL-NL 🇳🇱 (@htltimor) <a href="https://twitter.com/htltimor/status/1980611184228204768?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 21, 2025</a>
</blockquote>
James Stanley, a senior strategist at <a rel="noopener noreferrer nofollow" target="_blank">Forex.com</a>, was among those forecasting a retest of $4,000 if the structure played out.
“If neckline breaks and price clears to projected move, that’s a 4k test,” he <a href="https://x.com/JStanleyFX/status/1980612577131438485" rel="noopener noreferrer nofollow" target="_blank">told</a> X followers in part of his latest X analysis, which featured Fibonacci retracement levels.
<figure>
 <img alt="Bitcoin taps $110K as BTC price diverges from 5% gold correction" src="https://s3.cointelegraph.com/uploads/2025-10/019a072f-e380-7ce6-987c-664d3945ebdc" title="">
 <figcaption style="text-align: center;">
 XAU/USD four-hour chart. Source: James Stanley/X
 </figcaption>
</figure>
Trader Crypto Tony suggested that Bitcoin and altcoins could ultimately benefit from a cooling-off in gold’s historic bull run.
“Riskier asset classes hold more weight during uncertain times and GOLD is the top of this chain,” he <a href="https://x.com/CryptoTony__/status/1980613539485172034" rel="noopener noreferrer nofollow" target="_blank">wrote on X</a>, seeing gold as the reason for crypto underperformance.
<blockquote>
 “Once this does pullback, expect a Crypto boom.”
</blockquote>
<figure>
 <img alt="Bitcoin taps $110K as BTC price diverges from 5% gold correction" src="https://s3.cointelegraph.com/uploads/2025-10/019a0730-5fd7-7647-a670-d7725f12bcf0" title="">
 <figcaption style="text-align: center;">
 BTC/USD vs. XAU/USD four-hour chart. Source: Cointelegraph/TradingView
 </figcaption>
</figure>
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Bitcoin taps $110K as BTC price diverges from 5% gold correction

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