\n<\/p>\n
Bitcoin is trading near $113,000 after a brief dip to $112,300 earlier today. It has gained over 4% in the past week, though it remains slightly lower on the day.<\/p>\n
Traders are watching key price zones and the upcoming FOMC rate decision for the next move.<\/p>\n
Bitcoin recently pulled back into the $111,000\u2013$112,000 range, an area that previously acted as resistance. The level is now holding as support. The price has bounced modestly since, trading back above $113,000.<\/p>\n
Analyst Micha\u00ebl van de Poppe noted that Bitcoin tested lower levels and found some buying pressure. He also warned traders to avoid<\/a> leverage on days with macro events like today\u2019s expected FOMC rate decision, citing the likelihood of heightened volatility.<\/p>\n So far, so good for #Bitcoin<\/a>.<\/p>\n Retest of the lower levels to find buying pressure and that’s, with a weak bounce, been found.<\/p>\n Volatility should be going up enormously today as the FOMC event kicks in, and I would, again, urge nobody to trade leverage on a day like this if\u2026 pic.twitter.com\/etO845EBmS<\/a><\/p>\n \u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) October 29, 2025<\/a><\/p>\n<\/blockquote>\n Bitcoin is still above its short-term moving average. As long as the $111,000 zone holds, the broader trend remains intact. The next key test lies between $119,000 and $120,000\u2014a range that previously triggered a rejection. A clean move above this area would open the way toward $123,000.<\/p>\n Meanwhile, the TD Sequential indicator has issued another sell signal. Analyst Ali Martinez pointed out <\/a>that past signals from this tool have preceded sharp reversals, including a recent 19% drop.<\/p>\n On the long-term chart, Bitcoin left a price gap around $110,900\u2013$113,000. According<\/a> to another popular analist, this gap was \u201cpartially filled today<\/em>.\u201d He added that a full fill \u201cwould be better before markets move higher<\/em>.\u201d<\/p>\n In a separate update<\/a>, recent price action still fits a potential ABC corrective structure. If current levels fail to break higher, a C-wave drop could follow, with possible downside targets between $97,000 and $94,000.<\/p>\n On-chain data continues to show strong activity between $112,000 and $117,000. More\u00a0than 1 million BTC have changed hands in this zone. Long-term holders remain dominant, despite the recent pullback.<\/p>\n Ali said<\/a> that Bitcoin must break above $120,000 to open the path toward the $143,000 region, based on pricing band models. For now, the $111,000\u2013$120,000 range remains the key area to watch. It’s important to take the above in the context of the upcoming FOMC meeting as well.<\/p>\n The post Bitcoin Holds $112K: Will BTC Rally Post FOMC Meeting?<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\n
Gap Watch and Elliott Wave Structure<\/h2>\n
Large Holders Stay Active<\/h2>\n
![<\/a>Source: CryptoBusy\/X<\/figcaption><\/figure>\nAli said<\/a> that Bitcoin must break above $120,000 to open the path toward the $143,000 region, based on pricing band models. For now, the $111,000\u2013$120,000 range remains the key area to watch. It’s important to take the above in the context of the upcoming FOMC meeting as well.<\/p>\nThe post Bitcoin Holds $112K: Will BTC Rally Post FOMC Meeting?<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/G4Z1Luha0AA3sPL.jpeg\"){kind=link}