Bitcoin Dip Looks Standard Pre-FOMC and $120K Would Open Path to $143K, Analysts Say
Update: 2025-10-29
Description
Bitcoin hovered near $113,000 as traders awaited the Federal Reserve's decision, causing market jitters. Analysts highlighted key price levels, with Ali Martinez suggesting a push past $120,000 could ease the path to $143,000. However, Michaël van de Poppe emphasized the importance of the $112,000 floor, with a range between $112,000 and $116,200. Recent buying and selling activity, along with technical data, indicate a tug-of-war between bargain hunters and profit-takers, with support at $112,500 and $111,000, and resistance around $116,000. A break above the ceiling could open the door to $119,000 or even $120,000, while a fall below support would test the $111,000 floor again.
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