The recent Fed (Federal Reserve) rate cut and news regarding US-China trade realignment have created a tailwind for riskier assets such as BTC. However, contrary to the collective hopes of many, the market has yet to find its footing.
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Bitcoin
0.58%
Bitcoin
BTC
Price
$110,042.21
0.58% /24h
Volume in 24 hours
$35.65 billion
Price 7d
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is consolidating and stabilizing above $110,000, showing a gain of 0.98% in the last 7 days and 0.50% in the last 24 hours.
BTC moved sideways between the 100-day SMA (Simple Moving Average) at $114,194 and the 200-day SMA serving as support at $109,763. The lower end, near $109,000, has consistently seen strong buying interest.
(Source: TradingView)
The upper end, near $114,000, is where most of the profit-taking occurs. This back and forth shows that the market is currently balanced, with buyers and sellers on equal terms.
For BTC to regain its upward momentum, it must decisively cross its 100-day MA or hold its 200-day MA to gain support.
If BTC manages to close above the $114,000 level on the daily chart, it could break out and head towards $120,000 or even $122,000. However, if it falls below $108,000, it could fall further to the next support zone where buyers are likely to step in, around the 102,000 or 104,000 level.
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BTC Price News: 4-hour chart analysis shows BTC consolidating before a breakout
On the 4-hour chart, BTC price continues to bounce between $108,000 and $109,000, providing a bottom for buyers to step into. Each time it bounces from this level, its price hits a higher low, demonstrating its strength.
However, it was unable to breach the $115,000 level, which acts as a stronghold for sellers.
For now, price fluctuations are diminishing and tension is building ahead of a possible breakout. If BTC climbs above $116,000, it could generate further momentum to tackle the $115-116,000 levels.
$BTC the price is approaching the resistance level of $111,075. A sustained breakout above this level would suggest that at least wave (C) is proceeding higher. pic.twitter.com/VCGaMeZt5M
– The Bitcoin Man (@Manofbitcoin) November 2, 2025
However, if it drops below $108,000, it could test the next support zone at $102,000.
Regardless, until one of these levels gives way, BTC price action will continue to move back and forth between this range before it breaks out.
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BTC network activity slows, but $108,000 support remains firm
In other BTC news, even though the BTC price is on the rise and has stabilized above $110,000, the number of active addresses has been slowly decreasing. This usually means the market is cooling down a bit.
(Source: CryptoQuant)
From a speculation perspective, it appears traders are taking profits or waiting for the next move. Nonetheless, current market activity is higher than it was during the 2024 accumulation phase, suggesting that the market is not yet in panic mode.
In fact, similar declines in address activity near price support levels have occurred just before a significant buying phase and trend reversals, such as what occurred in late 20223 or mid-2024.
If the number of active addresses begins to stabilize while the BTC price remains steady between $108,000 and $110,000, it could be a sign that investors are quietly accumulating again.
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Does BTC Mining help reduce electricity costs in Texas?
By
According to a recent Forbes article, Bitcoin mining, often criticized for its energy consumption, is unexpectedly helping to make electricity cheaper in Texas.
According to the article, mining operations in the region are increasingly partnering with renewable energy providers, particularly wind and solar farms, to absorb excess energy that would otherwise be wasted.
During the period of low energy demand, miners act as flexible consumers, purchasing surplus electricity and avoiding a price drop. Likewise, when demand increases, miners can quickly shut down, freeing up electricity for households and businesses.
Texas is Bitcoin country.
The Lone Star State is number one in Bitcoin mining, with nearly 30% of the country’s hashrate.
It is also one of three states to pass a strategic Bitcoin reserve bill. pic.twitter.com/O6FBrhCzkv
– Bitcoin Voter Project (@BitcoinVoter) October 29, 2025
This balancing act reduces pressure on the grid and helps prevent power outages.
Additionally, Texas’ deregulated energy market and access to abundant renewable resources make it an ideal hub for this synergy.
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BTC Is Not Dead Yet: Prepare for a 70% Drop
By
According to Vineet Budki, CEO of a venture capital firm Sigma Capital, BTC will continue to follow its upward and then sharp downward trend.
He estimates that during the next countdown, BTC could fall as much as 70%, mainly because many traders do not understand what they are investing in and that this type of 65-70% retracement could occur over the next two years.
Even with this warning, Budki is optimistic about the long-term future of BTC. He predicts that BTC could reach $1 million in the next decade.
Bitcoin’s 4-year cycle still intact, says VC – predicts 70% drop in next crash
Bitcoin’s legendary four-year cycle may not be dead after all and the next downturn could be brutal.
According to Vineet Budki, CEO of Sigma Capital, the price of Bitcoin could fall by up to 70%… pic.twitter.com/1ghhXVfNfT
– CryptoBullish X (@CryptoBullish_X) October 31, 2025
Bitcoin’s 4-year cycle still intact, says VC – predicts 70% drop in next crashAdditionally, he said growth would come not only from people betting on price increases, but also from the increased use of BTC in daily life.
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BTC bounces above $110,000 after Fed liquidity boost
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The Fed injected $29 billion into the US banking system and the crypto market reacted instantly. BTC, ETH and the broader crypto market rebounded 2% after several days of losses to hit $3.71 trillion.
The FED’s increase in liquidity was not intended to flood the economy with money. Rather, it was a temporary solution to alleviate pressure from the banking system. Analyst Ash Crypto summed up the move by saying that Fed Chairman Jerome Powell is maintaining his public appearance but ensuring that the financial system does not freeze.
The move highlights a balancing act by the Fed, which uses strong words to maintain credibility while acting in a conciliatory manner to keep banks stable.
Additionally, the $29 billion injection also improved market sentiment. The fear and greed index increased from 29 to 33, showing a slight deviation from fear.
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The post BTC NEWS: BTC stabilizes above $110,000, what will it take to retest $115,000? appeared first on 99Bitcoins.
