Bitcoin Updates: Will Bitcoin Maintain $112K? Experts Watch for $120K Surge Before Fed Decision

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Bitcoin Updates: Will Bitcoin Maintain $112K? Experts Watch for $120K Surge Before Fed Decision

Bitget-RWA2025/10/30 00:50

By:Bitget-RWA

- Bitcoin dips below $112,000 but analysts view it as key support ahead of Fed's policy decision, with potential rebound to $120,000. - U.S.-China trade progress and institutional demand boost crypto markets to $3.83 trillion, with Ethereum reclaiming $4,000. - Solana's ETF approval and Visa's stablecoin expansion highlight growing institutional confidence in crypto assets. - Market remains cautious as Bitcoin's open interest declines, but 60% of Binance traders expect upward movement post-FOMC.

Bitcoin’s recent slip below $112,000 has fueled optimism among market observers, who view this level as a crucial support point ahead of the Federal Reserve’s forthcoming policy announcement. The cryptocurrency sector, buoyed by a trade agreement framework between the U.S. and China and increasing institutional interest, has seen

Bitcoin

hold steady around $113,000, while the overall crypto market value has reached $3.83 trillion, according to a

Coinpedia report

. This follows a weekend upswing spurred by diplomatic advances in Malaysia, where U.S. and Chinese representatives achieved “basic consensuses” on tariffs and rare-earth exports, alleviating concerns about global supply chains, as reported by

TheStreet report

Bitcoin’s price movement has captured the attention of traders, who are watching for a possible breakout. Experts believe that a recovery above $120,000 could pave the way for a rally toward $143,000, based on on-chain metrics and pricing models,

LiveBitcoinNews

noted. The $112,000 support appears solid, with Glassnode data showing new buyers entering near $111,000 and sellers concentrated around $117,000, according to BeInCrypto. “This dip is a typical correction before the FOMC,” one analyst commented, emphasizing that surpassing the $120,000 resistance is essential for continued bullish momentum.

Bitcoin Updates: Will Bitcoin Maintain $112K? Experts Watch for $120K Surge Before Fed Decision image 0

Ethereum (ETH) has also gained momentum, climbing back above $4,000 amid increased speculation regarding U.S.-China trade discussions. Short-term traders have committed $650 million in leveraged positions near $4,100, and institutional players continue to accumulate ETH. Treasury entities now possess 3.2 million ETH, surpassing corporate Bitcoin holdings, which highlights the rising interest in Ethereum’s yield-generating capabilities following its Proof-of-Stake upgrade, according to

Yahoo Finance

The wider market has shown mixed trends. While Bitcoin’s dominance remains at 57.7%, alternative coins such as

XRP

and

Solana

(SOL) have benefited from renewed positive sentiment. XRP jumped to $2.64 after gaining 11% over the week, and Solana announced a collaboration with Western Union to promote stablecoin usage, according to an

FXStreet report

. However, institutional interest in Bitcoin has slightly decreased, with daily inflows dropping below 1,000 BTC compared to 2,500 BTC per day during previous surges, as BeInCrypto reported.

Market watchers are also monitoring regulatory shifts. The launch of the first U.S. spot Solana ETF (BSOL) attracted $69.5 million in inflows on its first day, reflecting growing institutional trust in digital assets, TradingView reported. At the same time, Visa’s expansion of stablecoin support across four blockchains highlights the increasing integration of crypto assets into mainstream finance.

With the Fed’s policy decision approaching, traders are staying vigilant. Bitcoin’s open interest has dropped by 2.10%, but more than 60% of Binance users still expect prices to rise,

movement

. The next direction for the market will likely depend on whether Bitcoin can maintain its position above $112,000 and take advantage of the post-FOMC environment, according to InvestorsHangout.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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