Bitcoin fell sharply on Friday, October 10, by a significant 10.50% from its high of $122,580 down to $109,680, according to data from TradingView. This move represents the largest single-day drop in 2025 and a notable impact on short-term market volatility.

Bitcoin created the largest daily drop in 2025

Surprisingly, despite such a massive sell-off, the long-term and short-term bullish structure remains intact. The drop to this low even created another higher low, signaling that the market has not yet broken its uptrend.

After the sharp decline, there was a quick rebound to the current level of approximately $114,794, which is typical behavior after strong corrections. Such rebounds are often short-lived, and it is important to monitor whether they have enough strength to maintain the price above $110,000. Although technical analysis currently shows no trend change, market dynamics indicate increased uncertainty.

Possible scenarios for further price development

The price of Bitcoin is moving in a sideways range between its historical high and support around $109,000. The next key zones with significant investor activity are between $106,000 and $103,000 and lower in the range of $99,000 to $93,000. Historically, these areas have concentrated the largest trading volumes, making them strong support levels.

Interestingly, even if Bitcoin falls to $93,000, it would represent a “mere” 26% correction from its historical high. Such a decline would still not be the largest correction of the current cycle. In the current cycle since November 2022, the cryptocurrency has experienced two larger corrections of around 32%. This suggests that Bitcoin still has enough room to maintain its bullish structure, even in case of another drop.

The current situation does not pose a major threat to the market but is rather a natural correction phase within the bullish cycle. Investors are therefore watching whether the cryptocurrency can return to values above $120,000 after stabilization or whether a deeper correction will form toward the lower boundaries of the support zone.