Bitcoin price starts $112K breakout as Fed rate-cut odds pass 98%

William Suberg 2 minutes ago Bitcoin price starts $112K breakout as Fed rate-cut odds pass 98% Bitcoin price action favored bulls as the weekly close neared, with BTC nearing $113,000 ahead of a key week for the Federal Reserve. Listen 0:00 28 Market Update COINTELEGRAPH IN YOUR SOCIAL FEED Key points: Bitcoin brings upside volatility into the weekly close with a charge through $112,000 resistance. Traders hope for new local highs next as the BTC price recovery continues. The US Federal Reserve is tipped to cut interest rates again next week. Bitcoin ( BTC ) challenged $112,000 into Sunday’s weekly close as traders hoped for new local highs. BTC/USD one-hour chart. Source: Cointelegraph/TradingView Bitcoin eyes traders’ targets in fresh volatility Data from Cointelegraph Markets Pro and TradingView indicated that a range-bound BTC price action characterized the weekend. A late rebound on Friday helped bulls move to a higher level in the week’s range, helped by pleasing US inflation data . Now, market participants saw the potential for fresh highs to emerge, with the weekly close typically experiencing increased volatility. $BTC / $USD - Update Holding my long over $108,200. Targeting $113,000 highs next. pic.twitter.com/aXZtvseqtO — Crypto Tony (@CryptoTony__) October 26, 2025 Trader Crypto Caesar observed the $112,000 resistance level being retested on the day. “A CLEAN break and close above it could confirm a bullish continuation toward $123K,” he wrote in a post on X. BTC/USDT perpetual contract one-day chart. Source: Crypto Caesar/X Crypto investor and entrepreneur Ted Pillows had similar ideas. “$BTC seems to be in a short-term uptrend. 4 consecutive green daily candles, which means someone is consistently TWAPing Bitcoin here,” he told X followers on the day. “I'm still eyeing a $112,000-$114,000 zone, as a reclaim could push BTC above $118,000 really soon.” BTC/USDT one-day chart. Source: Ted Pillows/X Others waited in the wings, with the X analytics account named after famous economist Frank Fetter “watching” for a break of $113,000. Watching $BTC . pic.twitter.com/8FOK6ntCxo — Frank (@FrankAFetter) October 25, 2025 This, it added last week, represented the current aggregate cost basis for Bitcoin’s short-term holders — entities hodling for up to six months. “If BTC can reclaim the short-term holder cost basis at $113k, a move into the blue band of $130k – $144k feels right,” it said. Bitcoin STH cost basis. Source: Frank A. Fetter/X Fed rate-cut odds boost risk-asset play Looking ahead, the coming week holds another key event for crypto and risk-asset investors. Related: Worst Uptober ever? Bitcoin price risks first ‘red’ October in years The US Federal Reserve, fresh from cooler-than-expected inflation numbers, was expected to cut interest rates by 0.25% at its Oct. 29 meeting. Data from CME Group’s FedWatch Tool put the odds of that outcome at more than 98% at the time of writing. Fed target rate probabilities for October FOMC meeting (screenshot). Source: CME Group Commenting, trading resource The Kobeissi Letter put the Fed’s cuts in context as part of a worldwide rates “pivot” by central banks. “So far, 82% of world central banks have cut rates over the last 6 months, the highest share since 2020. This century, central banks have slashed rates at a pace only seen during recessions,” it wrote on X . “Global monetary easing is in full swing.” Global central bank interest-rate data. Source: The Kobeissi Letter/X This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. # Bitcoin # Bitcoin Price # Markets # Market Analysis Add reaction