Bitcoin Price Forecast: BlackRock Sale Defies Bullish Sentiment

• Bitcoin is currently hovering around $107,700, trading below key EMAs, with support at $104,000–$105,000 visible.
• BlackRock's pre-FOMC sell-off is weighing on sentiment, with repeated 300 BTC blocks adding to the downward pressure.
• A net outflow of $200 million will not offset institutional selling, leaving BTC vulnerable unless the $112,000 resistance is broken.

Bitcoin's price is hovering around $107,700 today, under pressure following repeated selling by institutional investors. This move has once again shifted attention to the $104,000–$105,000 support range as the market prepares for the Fed's decision.

BTC price is hovering below key EMAs

BTC Price Forecast (Source: TradingView)

BTC price action is demonstrating a clear rebound from the 20- and 50-day exponential moving averages centered around $112,500–$113,800. The price has fallen below the dotted ascending trendline and is retesting the broader demand zone at $107,000–$105,000.

The 200-day EMA at $108,000 also became the limit after a failed rebound. The Relative Strength Index (RSI) is near 39, confirming weak momentum and leaving a downside risk if buyers fail to hold this zone.

This technical context maintains the trend towards Bitcoin price forecasting a retest of the October lows unless the bulls break above $112,000.

BlackRock share sales add to pressure

🚨 BREAKING:

BLACKROCK IS SELLING BITCOIN AHEAD OF THE FED MEETING TODAY.

THEY'VE BEEN DUMPING $BTC EVERY FEW HOURS TO LIQUIDATE LONGS.

WHAT'S GOING ON?? pic.twitter.com/XeZgEWXxGC

— 0xNobler (@CryptoNobler) October 21, 2025

The news cycle took a sharp turn for the worse following reports of BlackRock selling Bitcoin ahead of the Fed meeting. Transaction data shows the company regularly selling blocks of 300 BTC, further dampening market sentiment.

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This activity has sparked debate about whether the selling is related to rebalancing, liquidity needs, or an attempt to put pressure on leveraged positions. Traders argue that this explains why Bitcoin's price failed to hold above $110,000 today, despite brief surges.

For investors, the sales highlight why Bitcoin price volatility remains high ahead of key macroeconomic events.

The outflow of funds from the exchange does not compensate for sales

BTC Netflows (Source: Coinglass)

On-chain flows are another piece of the puzzle. The BTC spot transaction inflow/outflow chart shows a net outflow of over $200 million as of October 21, while overall exchange flows have remained negative for the past month.

Typically, sustained outflows are perceived as accumulation, but amid ongoing institutional selling, these signals are overshadowed. This discrepancy suggests that while some investors are withdrawing coins from exchanges, the impact of large liquidations on order books dictates short-term decisions.

Bitcoin's price update reflects this tug-of-war, with spot levels caught between intense selling pressure and a strong but weakening support base.

Technical Review: Positive and Negative Scenarios

In the near term, the $104,000–$105,000 zone is a must-hold. A decisive breakout will open access to $100,000 and then to deeper support at $92,000, which was last tested in early spring. RSI momentum near oversold levels warns of potential exhaustion, but until buyers reclaim $112,000, the path of least resistance will be downwards.

On the other hand, a clear rebound from $113,800 would neutralize the bearish trend and open the way to $120,000. The aforementioned cluster of exponential moving averages (EMAs) remains the main barrier that bulls must overcome for any bullish Bitcoin price forecast to maintain weight.

Outlook: Will Bitcoin Rise in Price?

Bitcoin price data currently points to a delicate balance. Bears maintain a short-term advantage, as institutional selling and macroeconomic uncertainty dominate. Bulls still have a chance if support at $104,000 holds and inflows resume following the Fed's decision.

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A bounce above $113,800 could restore momentum and spark a broader recovery, but failure to hold current levels will likely lead to another drop to $100,000 before buyers step in decisively.

Source: cryptonews.net