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.

Bitcoin price starts $112K breakout as Fed rate-cut odds pass 98% image 0 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.

Bitcoin price starts $112K breakout as Fed rate-cut odds pass 98% image 1 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.”
Bitcoin price starts $112K breakout as Fed rate-cut odds pass 98% image 2 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 price starts $112K breakout as Fed rate-cut odds pass 98% image 3 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.

Bitcoin price starts $112K breakout as Fed rate-cut odds pass 98% image 4 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.”
Bitcoin price starts $112K breakout as Fed rate-cut odds pass 98% image 5 Global central bank interest-rate data. Source: The Kobeissi Letter/X