[LIVE]Crypto News Updates: BTC Claws Back And Holds Above $111k, Is $115k Retest On The Cards?
Throughout October, Bitcoin’s (BTC) price action has seen a constant tug of war between bullish sentiments on the back of institutional interest and cautious profit-taking. Earlier this month, BTC made its all time high (ATH) at $126,198, driven by a strong demand for BTC ETFs and a weakening dollar. In latest crypto news updates, its price action is consolidating jut above $112,400. Can it retest its ATH? Let’s find out.
Looking back, mid-October, BTC’s price action saw a strong pullback, slipping below $105,000. Emotions were running high, with some traders thinking of this as a potential bottoming of its price. But as we have witnessed time and time again, BTC is resilient.
Since the major liquidation event on 10 October, BTC has clawed its way back. Currently trading at
, it has held steady above $111,000, slightly below its monthly average of $115,000.
For now, all eyes are on its price action as traders wait for a decisive breakout for BTC to continue its upward momentum. Now that BTC has breached $112,000 holding above it would clear its path to test $115,000.
$BTC BULLISH BETS SURGE!
$7.8 BILLION in #Bitcoin LONG positions are now stacked and ready to squeeze shorts. pic./ZQ1P9xcvqm
— Coin Bureau (@coinbureau) October 26, 2025
However, a slide down from its current position will test the support at $107,535. If this level fails to hold, the next level to watch out for is at $105,600.
(Source: CoinMarketCap)
At the same time, major BTC proponents have maintained their bullish outlook on the crypto king. In a recent interview with Anthony Pompliano, BitMine’s CEO, Tom Lee said that the long term value of BTC could hit $2 million per coin if it can achieve parity with Gold’s market capitalization.
Meanwhile, Strategy CEO Michael Saylor has projected BTC to reach $21 million per coin in the next 21 years.
EXPLORE:Â Top Solana Meme Coins to Buy in 2025
Crypto News Updates: BTC Price Action At Daily Resistance, $115K Retest On The Cards?
For now, BTC is consolidating in a symmetrical triangle, a signal that a big power move is on the horizon. On the 4-hour chart, its price action is tightening between its support at $107,535 and a resistance at $114,094.
(Source: TradingView)
At the same time, its price action has re-captured its 50-day EMA at $111,523 and the Relative Strength Index (RSI) reads at 59, indicating an improving bullish sentiment without entering the overbought territory.
If the BTC closes above $114,000, $117,000 and $120,000 won’t be too far away, along with a potential move till $125,000.
$BTC UPDATE
Plan’s simple
We’re currently right at the daily resistance.
If $BTC pumps above it and builds support, the next target is around $113.6K–$114.4K.
However, that zone will also act as a strong resistance.
If it breaks and holds above, we could be heading toward… pic./4f2G0WFnzJ— Crypto Spotter (@CryptoSpotter05) October 26, 2025
However, it is all contingent on BTC holding firm above $111,000.
Despite $40 million in liquidations that flushed out leveraged traders, BTC’s bigger picture, based on fundamentals including, clearer regulations, growing institutional lending and easing inflation support its near term recovery.
EXPLORE:Â The 12+ Hottest Crypto Presales to Buy Right Now
There are no live updates available yet. Please check back soon!
The post [LIVE]Crypto News Updates: BTC Claws Back And Holds Above $111k, Is $115k Retest On The Cards? appeared first on 99Bitcoins.
Post Comment