Bitcoin News Today: Bitcoin Faces $115K Turning Point: Surge Ahead or Decline?
- Bitcoin consolidates near $112,600 as bulls and bears clash in the $111,000–$117,000 range, with analysts split on whether $115,000 will trigger a rally or deeper declines. - Technical indicators show mixed signals: CoinDesk highlights $116,000 as a potential breakout threshold, while CryptoPotato emphasizes the 100/200-day EMA battleground and institutional demand zones. - DeepSeek predicts a rebound toward $115,000 via EMA support, contrasting Kitco’s bearish warnings of a second TBT divergence and pos
Bitcoin's upward drive appears to be stalling as its price remains confined within a tight band, leaving experts split on whether the $115,000 threshold will ignite a fresh surge or signal further losses. Recent figures point to declining trading activity and conflicting technical indicators, highlighting the market's indecision ahead of significant macroeconomic events, according to
The price zone between $111,000 and $117,000 has turned into a fierce contest between bulls and bears, with Glassnode data revealing strong buying interest near $111,000 and notable selling around $117,000. This ongoing struggle has kept
At the same time, technical experts at
Sentiment among investors has shifted from deep fear to a more neutral stance, with the Bitcoin Fear & Greed Index climbing to 51 from 40 earlier in October, according to
Nonetheless, bearish sentiment still exerts influence. Analysts at Blockhead.co warn that if Bitcoin fails to stay above $115,500, it could prompt a negative reaction, as both futures and spot trading volumes point to short-term fragility. Likewise, Kitco's review of Bitcoin's dominance and altcoin performance indicates a defensive approach across the digital asset market, with
Broader economic factors add further complexity. Although the U.S. Federal Reserve's latest rate reduction has increased liquidity, Fed Chair Jerome Powell's firm tone has tempered bullish expectations. In addition, ongoing U.S.-China trade negotiations and stock market fluctuations continue to impact risk assets like Bitcoin.
As the market contends with these various influences, traders are closely monitoring October's monthly close for signs of a bearish divergence, which could foreshadow a larger correction. For now, Bitcoin's trajectory depends on whether institutional investors step in to support crucial price levels or if diminishing momentum leads to a deeper downturn.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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