October 5, 2025
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Bitcoin at Historic Highs: 3 Critical Levels to Watch Now

BTC Rose to A Record High of Over $ 125,000 Sunday, Extending the Weekly Gain to 11.5%.”, – WRITE: www.coindesk.com

Bitcoin at Historic Highs: 3 Critical Levels to Watch NowBTC Rose to A Record High of Over $ 125,000 Sunday, Extending the Weekly Gain to 11.5%. OCT 5, 2025, 6:09 AM

This is an Analysis Post by Coindesk Analyst and Charted Market Technician Omkar Godbole.

As Bitcoin BTC$ 125.092.39 Trades in Uncharted Territory Near Record Highs, Traders May Be Searching for Cures on What What Comes Next, Especialyly Key Levels That Could Act As Magnets OR Resistance Points.

HERE Are Three Important Levels Worth Watching Closely.

$ 126.100This Level Represents the Upper Boundary of the Broading or Expanding Range Pattern that have been Developing Since Mid-July. The Potential Resistance is Defined by the Trendline Connecting the July 15 and Aug. 14 Highs.

BTC's Daily Price Chart in Candlesticks Format. (Coindesk)BTC’s Expanding Price Range. (Coindesk)

A reversal from this level Could Trigger A Corrective PullBack Down Town of the Lower Boundary of the Range, RepreSedted by the Trendline Drawn from the Aug. 3 and Sept. 1 Lows.

$ 135,000A Breakout from the Expanding Range Wound Shift Focus to $ 135,000, WHERE Market Makers Currently Hold A Net Long Gamma Position, Accounting To Activity In Deribit

WHEN Market Makers Are Net Long Gamma, They Tend to Trade Against The Market Direction-Buying on Dips and Selling on Rallies-to MainTain Their Overall Market-Neutral Exposure. Other Things Being Equal, This Hedging Activity Tends to Dampen Price Volatility.

In Other Words, The $ 135,000 Level Could Act As A Resistance On the Way Higher.

  DISTRIBUTION OF DELAER/Market Maker Gamma. (Ambrdata)BTC Options on Deribit: Distribution of Delaer/Market Maker Gamma. (Ambrdata)

$ 140,000Lastly, $ 140,000 Stands Out As Key Level, As Data From Deribit Shows the $ 140,000 Strike Call Is The Second-Most Popular on the Exchange, Holding A Nocial Open Interest of Over.

Nocial Open Interest Refers to the Dollar Value of the Number of Active or Open Options Contracts at A Given Time.

Levels with Large Concentrations of Open Interest Onthen Act As Magnets, Drawing The Price of the Underlying Asset Town of Them. A High Open Interest in Call Options Suggests that Many Traders Expect The Spot Price To Approach or Top That Level.

At the Same Time, Those Who Have Sold Tese Calls, Often Large Institutions, Have An Incentive to Keep The Price Below That Strike. Their Hedging and Trading Activity Armund That Level Can Create Resistance, Making It Harder for the Price To Break Through.

DISTRIBUTION OF OPEN INTEREST IN DERIBIT-LISTED BTC Options. (Deribit Metrics)BTC Options: Distribution of Open Interest. (Deribit Metrics)

AI Disclaimer: Parts of this Article Were Genered with The Assistance from AI Tools and Review by Our Editory Team to Enseure Accucy and Adhesion To Our Standards. For more information, See Coindesk’s Full Ai Policy.

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