“Bitcoin seeks to ease oversold conditions – Analysis (31 Oct 2025)”

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Bitcoin (BTC/USD) experienced a strong bullish surge in its latest intraday session, supported by key support at $106,800—our previously identified target. This level provided the momentum needed to recover part of the recent losses, aided by bullish signals on the relative strength indicators following severe oversold conditions, indicating an effort to ease these oversold pressures.

However, the price still faces technical challenges, as it continues to trade below EMA50 and has exited the short-term bullish corrective channel, maintaining underlying negative pressure.

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