BTC News: BTC Stabilizes Above $110,000, What Will It Take To Retest $115,000?

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Recent news about Federal Reserve interest rate cuts and US-China trade adjustments have created positive tailwinds for risk assets such as BTC, but contrary to the common expectations of many, the market has yet to find its footing.

for now

Bitcoin

0.58%

has been solid, holding steady above $110,000 and registering an increase of 0.98% over the past 7 days and 0.50% over the past 24 hours.

BTC is trading sideways between the 100-day SMA (simple moving average) of $114,194 and the 200-day SMA support of $109,763. The lower bound around $109,000 always attracts strong buying interest.

BTC daily chart Tradingview

(Source: TradingView)

Most of the profits were taken around the top price around $114,000. This interaction indicates that the market is currently balanced, with buyers and sellers evenly matched.

For BTC to regain upward momentum, it will need to decisively break above the 100-day moving average or hold the 200-day moving average for support.

If BTC can close above the $114,000 level on the daily chart, it could break out and head towards $120,000 and even $122,000. However, a break below $108,000 could lead to further declines around the 102,000 or 104,000 levels, which are the next support zones where buyers are likely to intervene.

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BTC Price News: 4-Hour Chart Analysis Shows BTC Consolidating Before Breakout

On the 4-hour chart, BTC price continues to bounce from the $108,000 to $109,000 levels, acting as a floor for buyers to intervene. Every time it bounces off this level, the price makes more lows and shows strength.

However, it has not been able to break through the $115,000 level, which has become a stronghold for sellers.

For now, price fluctuations have become smaller and tensions are rising ahead of a possible breakout. If BTC rises above $116,000, it could create further momentum to challenge the $115-116,000 level.

$BTC The price is approaching the $111,075 resistance level. A sustained break above this level would at least suggest that wave (C) is developing to the upside. pic.twitter.com/VCGaMeZt5M
— Man of Bitcoin (@Manofbitcoin) November 2, 2025

However, if it breaks below $108,000, it may test the next support zone at $102,000.

In any case, until one of these levels breaks, BTC’s price action will continue to move back and forth between these ranges until a breakout occurs.

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BTC network activity slows, but $108,000 support remains solid

In other BTC news, the number of active addresses is gradually decreasing despite the BTC price rising and stabilizing above $110,000. This usually means the market has cooled down a bit.

BTC Active Address_ CryptoQuant

(Source: CryptoQuant)

Speculatively, it looks like the trader is either taking profits or waiting for the next move. Still, current market activity is higher than the 2024 accumulation phase, suggesting that the market is not yet in a state of panic at the moment.

In fact, similar dips in address activity near price support levels, such as those that occurred in late 2022 or mid-2024, have occurred just before major buying phases or trend reversals.

If the number of active addresses starts to stabilize while BTC price stabilizes between $108,000 and $110,000, it could be a sign that investors are quietly hoarding again.

Read more: Top 20 cryptocurrencies to buy in 2025

Is BTC mining helping reduce electricity costs in Texas?

by Arijit Mukherjee

Bitcoin mining, often criticized for its energy consumption, is unexpectedly contributing to low electricity prices in Texas, according to a recent Forbes article.

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 periods of low energy demand, miners act as flexible consumers, purchasing surplus electricity to prevent prices from collapsing. Similarly, when demand spikes, miners can quickly shut down and release power to homes and businesses.

Texas is Bitcoin country. 🤠
The Lone Star State is number one in Bitcoin mining, with nearly 30% of the nation’s hashrate.
It is also one of three states to have passed a strategic Bitcoin reserve bill. pic.twitter.com/O6FBrhCzkv
— Bitcoin Voter Project (@BitcoinVoter) October 29, 2025

This balance reduces the strain on the power grid and helps avoid power outages.

Additionally, Texas’ deregulated energy market and access to abundant renewable resources make it an ideal location for this synergy to exist.

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BTC isn’t dead yet: prepare for a 70% drop

by Arijit Mukherjee

According to Vineet Budki, CEO of venture capital firm Sigma Capital, Bitcoin will continue to follow a pattern of rapid gains followed by large declines.

He believes BTC could fall by up to 70% during the next countdown. The main reason for this is that many traders do not understand what they are investing in, which could lead to a 65-70% retracement over the next two years.

However, despite this warning, Budki remains optimistic about BTC’s long-term future. He predicts that BTC could reach $1 million within the next 10 years.

🚨 Bitcoin’s 4-year cycle is still alive and well, says VC – predicts 70% drawdown in next crash
After all, Bitcoin’s legendary four-year cycle may not be over, and the next drop could be bad.
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

He further stated that this growth will come from people not only betting on the price going up, but also from BTC being used more in daily life.

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BTC rebounds above $110,000 after Fed liquidity boost

by Arijit Mukherjee

When the Federal Reserve injected $29 billion into the US banking system, the crypto market reacted immediately. BTC, ETH, and the broader crypto market rebounded 2% to $3.71 trillion after days of losses.

The Fed’s cash boost was not intended to flood the economy with money. Rather, this was a temporary fix to relieve pressure from the banking system. Analyst Ash Krypto summed up the move by saying that Federal Reserve Chairman Jerome Powell is trying to keep the financial system from freezing while maintaining a good public appearance.

The move highlights the Fed’s balancing act of using strong language to maintain credibility while acting dovishly to maintain bank stability.

Additionally, the $29 billion injection also lifted market sentiment. The Fear and Greed index rose from 29 to 33, indicating a slight shift away from fear.

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