Bitcoin Value Slumps Beneath $108k As CZ Makes A Daring Prediction

The Bitcoin worth slid 2.4% previously 24 hours to commerce at $107,867 as of 1:10 a.m. EST whilst Binance co-founder Changpeng Zhao, aka CZ, mentioned it should ultimately surpass gold’s $30 trillion market cap.

“Prediction: Bitcoin will flip gold,” CZ mentioned on X. ”I don’t know precisely when. Would possibly take a while, however it should occur. Save the tweet.” 

Prediction: Bitcoin will flip gold.

I do not know precisely when. Would possibly take a while, however it should occur. Save the tweet. pic.twitter.com/bR4Bq0JeVE

— CZ 🔶 BNB (@cz_binance) October 20, 2025

He accompanied his assertion with a chart exhibiting Bitcoin’s present market cap at a $2.21 trillion in opposition to gold’s towering $30.3 trillion. For Bitcoin to efficiently surpass gold’s valuation, the value would want to succeed in roughly $1.52 million.

Key US Financial Knowledge Incoming

Financial information is more likely to be key to Bitcoin’s efficiency this week, with jobless claims and residential gross sales reviews on Thursday giving new insights into the state of the economic system.

All eyes are also on Friday’s CPI inflation report, which shall be central to how Fed rate of interest coverage unfolds.

In the meantime, White Home financial advisor Kevin Hassett, talking on CNBC Monday, signaled a attainable finish to the US authorities shutdown this week, suggesting a bipartisan resolution is close to.

So, what’s subsequent for Bitcoin after the latest drop beneath $108K?

Bitcoin At Vital Juncture

The Bitcoin worth is at a crucial juncture on the day by day chart, having dipped beneath $108,000 to retest a key assist zone close to $107,000. This follows a pointy rejection at $111,000 and a 14% drop from its latest excessive of $125,761.

Bitcoin is at the moment consolidating between $107,000 and $111,000, with the 50-day Easy Transferring Common (SMA) holding above the 200-day SMA, confirming the long-term bullish pattern stays intact.

The value of Bitcoin is hovering close to the 0.786 Fibonacci retracement stage at roughly $107,867.18. Patrons should strongly defend this zone to forestall a pointy breakdown. The Relative Energy Index (RSI), sitting at 38.98, is approaching the oversold territory, suggesting that promoting stress could also be exhausted and a bounce might be on the verge.

Conversely, the Transferring Common Convergence Divergence (MACD) reveals a decisive bearish crossover with a damaging worth, confirming that sellers are at the moment in management. The downward quantity decline additional hints at cautious capital flows, reinforcing the present consolidation.

Within the brief time period, a profitable protection of the $107,000 assist is vital to the bulls.If shopping for stress returns and the value reclaims breached resistance, the fast goal is a rebound to $110,000 (a roughly 2% achieve), with an extra rally aiming for the 50-day SMA at $114,278.15.

On the flipside, $107,000 serves as the primary main assist, with $103,000 as the following crucial stage if a breakdown happens. 

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