👌👌5 things you need to know about Bitcoin this week🤙🤙
Bitcoin (BTC) started the last week of October with a welcome bounce; can BTC's price action cancel its drop from all-time highs?👀🤪
Bitcoin reached $114,500 at the weekly close while bulls staged a much-needed comeback, but many traders remained unconvinced.
The FOMC week began with stocks breathing a sigh of relief amid reduced tariff odds between the U.S. and China. According to research, ongoing rate cuts could boost BTC's price action by default, while AI predicts a return to $125,000.🚀🔥
“Uptober” 2025 for Bitcoin could avoid earning the notorious title of “the worst October in history.” Short-term holders are back in profits, with room to grow before reaching classic retracement levels. Data from Cointelegraph Markets Pro and TradingView shows that BTC/USD sealed a bounce up to $114,500 and recovered the 21-week exponential moving average (EMA).
Bitcoin is positioned for a positive weekly close above the 21-week EMA (green). Trader Roman reiterated the weakness in higher time frames, low volume, and bearish divergences in Bitcoin's relative strength index (RSI). “I am watching this possible bearish Head and Shoulders reversal setup in HTF. It validates if it breaks below the neck at 109k,” he told his followers on X on Monday along with the weekly chart. A Fed rate cut is expected as stocks surge. AI sees possible all-time highs this month. Network economist Timothy Peterson brought more “hopium” for Bitcoin bulls this week. October is finally back in the “green.” With price volatility still high, Bitcoin's “Uptober” 2025 is still on a tightrope. At $115,000, BTC/USD is 1% above its October opening level.
Bitcoin (BTC) started the last week of October with a welcome bounce; can BTC's price action cancel its drop from all-time highs?👀🤪
Bitcoin reached $114,500 at the weekly close while bulls staged a much-needed comeback, but many traders remained unconvinced.
The FOMC week began with stocks breathing a sigh of relief amid reduced tariff odds between the U.S. and China. According to research, ongoing rate cuts could boost BTC's price action by default, while AI predicts a return to $125,000.🚀🔥
“Uptober” 2025 for Bitcoin could avoid earning the notorious title of “the worst October in history.” Short-term holders are back in profits, with room to grow before reaching classic retracement levels. Data from Cointelegraph Markets Pro and TradingView shows that BTC/USD sealed a bounce up to $114,500 and recovered the 21-week exponential moving average (EMA).
Bitcoin is positioned for a positive weekly close above the 21-week EMA (green). Trader Roman reiterated the weakness in higher time frames, low volume, and bearish divergences in Bitcoin's relative strength index (RSI). “I am watching this possible bearish Head and Shoulders reversal setup in HTF. It validates if it breaks below the neck at 109k,” he told his followers on X on Monday along with the weekly chart. A Fed rate cut is expected as stocks surge. AI sees possible all-time highs this month. Network economist Timothy Peterson brought more “hopium” for Bitcoin bulls this week. October is finally back in the “green.” With price volatility still high, Bitcoin's “Uptober” 2025 is still on a tightrope. At $115,000, BTC/USD is 1% above its October opening level.