Core Insights - Bitcoin is currently experiencing a decline of over 5%, trading below $108,000 during a historically strong month known as "Uptober" [1] - The 200-day Simple Moving Average (200SMA) is acting as immediate resistance at $107,846, which is a critical indicator for market trends [1] - The 365-day Simple Moving Average (365SMA) is at $100,367, serving as secondary support when the 200SMA fails, indicating a range-bound market setup [2] Price Levels - Key support levels include $103,509, which is the average cost basis for 2025 investors, and the psychological support level at $100,000 [3] - On the upside, $112,100 represents the short-term cost basis, indicating the average acquisition price for coins moved in the last six months, with sustained trading above this level signaling a potential bull market [4]