Bitcoin maintains its position above $115,000 after breaking resistance, with traders focusing on a potential pullback to the $111K-$113K zone before a possible move to new all-time highs. The upcoming Federal Reserve policy meeting and a CME futures gap are also influencing market sentiment.
Bitcoin holds $115K after breakout. Traders eye $111K–$113K pullback zone before a possible move to new ATHs as dormant BTC reactivates. Bitcoin continues to trade above $115,000 after breaking a key resistance in the past few days.
With the Federal Reserve’s next policy meeting approaching, attention has shifted to a potential pullback. Traders are watching the $111K–$113K area as a possible support zone. The current setup could offer a new entry before the next leg up.Bitcoin crossed the $112,000 level late last week, breaking through a resistance level that had held for several weeks. Michaël van de PoppeIf the asset retraces in the short term, the $111,000–$113,000 zone is expected to be tested. This range is now viewed as support after acting as resistance during the recent move up. Market participants are watching this level closely ahead of the FOMC announcement. Notably, the next resistance sits between $119,500 and $120,000. If Bitcoin can move through this area, it may challenge its previous all-time high near $124,100. Some traders expect this to happen in early November.Bitcoin Smashes $115K: $370 Million in Shorts Crushed, Altcoins Finally Wake UpCME Futures Gap Near Support A price gap has formed on the CME Bitcoin Futures chart between $111,800 and $113,800. The move followed a weekend rally after reports of progress in US–China trade discussions. These gaps appear when Bitcoin trades outside CME market hours.” but added that he only watches them closely when the price nears the zone. Bitcoin is currently within 2–3% of the gap, making it a point of interest for short-term traders.Bitcoin is trading above wallet entry levels for new and short-term holders. These include cost basis levels between $110,000 and $113,000. Staying above them puts many recent buyers in profit.that nearly 7 million BTC are now back in profit. This includes 5.1 million held by wallets under six months and another 1.8 million by newer participants. Profitability at this scale tends to increase holding strength and reduce early selling pressure., data shows that 270,000 BTC, previously untouched for over seven years, have moved this year. That number has already passed 2024’s full-year figure of 255,000 BTC and is far above 2023’s 59,000 BTC—with two months still to go.Olivia Stephanie is a FinTech enthusiast with a sharp insight into financial markets. Her deep interest in economics and finance drives her exploration of blockchain innovations and the evolving world of cryptocurrencies.
Bitcoin Price Analysis Market Trends Support And Resistance CME Futures
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