Bitcoin Faces Heavy Pressure as Bearish Momentum Peaks - October 3rd Week

Among various market indicators this week, one in particular stood out for its dramatic move: bearish momentum gauges have accelerated sharply, turning parabolic against Bitcoin and several major altcoins.

Confidence across the broader crypto space remains fragile following the recent collapse, and the continued weakness this week has only deepened the caution. Popular tokens such as XRP and Chainlink have seen steep losses, mirroring the pressure across the sector.

The surge in bearish momentum suggests that sellers remain firmly in control for now. Daily readings have shown unusually large increases — an indication that fear and liquidation pressures are still dominating. While this pattern looks alarming, historical cycles show that such extremes often precede important market bottoms.

In past downturns, Bitcoin has typically reached around two-thirds of the way into oversold conditions before bearish pressure started to fade and recovery began. That suggests the current spike could be approaching exhaustion, provided momentum begins to flatten over the coming days.

From a tactical perspective, being oversold near $107,000 is far preferable to being overbought at the same level — it means sellers may soon run out of steam. Still, confirmation requires clear evidence: a slowdown in daily bearish readings and a decisive move back out of oversold territory.

Bottom line: The market remains under stress, but the speed and scale of this latest momentum surge hint that capitulation could be near. If bearish intensity begins to ease next week, it may mark the foundation for Bitcoin and Ethereum to start building a recovery base.