Bitcoin reaches $111K as classic chart pattern projects 70% gains next

3 hours ago

Key takeaways:

  • Bitcoin surged supra $111,000 connected Monday, driven by improving macro conditions and a imaginable US-China commercialized deal.

  • Technical investigation shows bull flags targeting $186,000-$192,000 BTC terms successful the weeks ahead. 

Bitcoin (BTC) roseate backmost supra $111,000 astatine the commencement of the European trading league connected Monday arsenic improving macroeconomic conditions sparked renewed capitalist confidence. 

BTC/USD hourly chart. Source: Cointelegraph/TradingView

Macro information gives bullish cues to Bitcoin

Bitcoin terms topped $111,430, rising 4% implicit the past 24 hours and up 7.6% supra Friday’s debased of $103,530, according to information from Cointelegraph Markets Pro and TradingView

Related: Bitcoin’s adjacent rally volition commencement erstwhile OGs decorativeness selling: Analysts

Other top-cap cryptocurrencies took cues from Bitcoin, with Ether (ETH) rising 4.6% to reclaim the cardinal $4,000 level.

XRP (XRP), Solana (SOL), BNB (BNB) and Dogecoin (DOGE) roseate 3% to 5% implicit the past 24 hours. The planetary crypto marketplace capitalization was up 4.6% to $3.78 trillion.

24-hour show of top-cap cryptocurrencies. Source: Coin360

The latest rebound successful Bitcoin has been driven by improving macroeconomic conditions, with US President Donald Trump confirming a summit with China’s Xi Jinping connected Oct. 31.

The de-escalation of tensions and increasing chances of a commercialized woody betwixt the US and China are affirmative terms catalysts for cryptocurrencies.

Crypto prices had precocious slumped from large macroeconomic headlines, including Trump's China tariffs announcement and mounting concerns regarding US determination banks' engagement with atrocious loans.

Meanwhile, marketplace participants are pricing successful a 99% accidental of a 25-basis-point complaint chopped astatine the Oct. 28-29 FOMC meeting, according to the CME Group FedWatch tool, which would little rates to 3.75%-4%. 

Target complaint possibilities astatine the Oct. 29 FOMC meeting. Source: CME Group FedWatch tool

Fed Chair Jerome Powell precocious hinted astatine a imaginable extremity to quantitative tightening (QT) soon, perchance by January 2026. This could unleash much liquidity, echoing the surge successful 2021 crypto prices. 

Bull flags converge astatine $190,000 BTC terms target

From a method perspective, Bitcoin’s latest rebound contiguous follows a bullish awesome from the RSI. As the momentum indicator hit its lowest since April connected the regular chart, it showed a wide bullish divergence connected the four-hour chart, creating higher lows arsenic the BTC/USD brace deed 15-week lows astatine $103,500.

This was an denotation that the sell-side unit was waning, arsenic traders bought much connected the dips

The macro setup reinforced Bitcoin’s strength successful higher clip frames, with the two-week illustration revealing aggregate bull flags projecting higher targets for BTC. 

The archetypal is simply a larger bull flag that formed betwixt September 2023 and October 2024, arsenic shown successful the illustration below. The flag, which was validated during the 2024 US predetermination rally and is inactive successful play astatine the clip of writing. This emblem has a measured people of $192,000.

The 2nd bull emblem formed betwixt September 2024 and December 2024 and has a people of $186,000. 

The 3rd 1 is simply a smaller emblem and has been successful enactment since March this year. It volition beryllium confirmed erstwhile the terms breaks supra the precocious bound of the emblem astatine $115,000. Such a determination would unfastened the doorway for a rally toward the measured people of the emblem astatine $192,000, coinciding with the targets above. 

BTC/USD two-week chart. Source: Cointelegraph/TradingView

A similar, albeit much bullish, outlook was shared by expert Mags, who said Bitcoin could proceed rising wrong an ascending transmission connected the play chart, peaking wrong the $250,00-$290,000 area. 

BTC/USD play chart. Source: Mags

Fellow expert Aksel Kibar has a much blimpish people for Bitcoin, saying that an inverse head-and-shoulders signifier was inactive successful play with a measured people of $141,300. 

Weekly standard chart, $BTCUSD holding the neckline. Range inactive 109K-124K. pic.twitter.com/jZQwVO48Ch

— Aksel Kibar, CMT (@TechCharts) October 20, 2025

As Cointelegraph reported, Bitcoin’s play adjacent supra $108,000 is simply a wide motion that the bulls are acceptable to resume the uptrend with the cardinal enactment level reclaimed.

This nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision.

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