Bitcoin Price Analysis: BTC Above $111,000 While Traders Await a Breakout
CoinDesk
Bitcoin consolidated between $111,157 and $111,634, awaiting a catalyst for a sustained move above $112,000 or below $109,800.Summary
Bitcoin was range-bound as of 08:00 UTC on October 25, trading within a narrow corridor between approximately $111,157 and $111,634, with trading volume spiking during a defense of support near $109,800 before cooling off. Technical analysis indicated resistance around $111,800–$111,900 and support near $109,800, with no dominant catalyst forcing a sustained breakout. Key levels to watch are a clean hold above $112,000, which would target $115,000, or a loss of $109,800, bringing $108,000 back into view. Reference moving averages were noted near $108,000 (200-day) and $115,000 (100-day).
(Source：CoinDesk)