Highlights:
Bitcoin appears to be establishing a local floor, with analysis pinpointing several critical levels.
RSI indicates an ongoing demand for upward movement, though longer timeframes remain uncertain.
The Federal Reserve’s decision on rate cuts is starting to impact the performance of US stocks.
On Tuesday, Bitcoin (BTC) tested significant resistance, as traders remained optimistic about BTC price growth.
Bitcoin price hints at reaching new highs
According to data from Cointelegraph Markets Pro and TradingView, Bitcoin is trading around $114,000.
Following a robust weekly close, BTC/USD firmed up its gains during the Monday trading session on Wall Street.
Trader and analyst Rekt Capital highlighted two crucial support levels that bulls need to reclaim: the 21-week exponential moving average (EMA) at $111,200 and the $114,500 weekly close.
“Bitcoin has successfully Weekly Closed above both the 21-week EMA (green) and $114.5k (black),” he informed his followers on X, accompanied by a chart.
“Both $114.5k & EMA could be retested to confirm support reclaiming. $BTC may achieve this through a volatile retest of $114.5k, with potential wicks into the EMA below.”
Rekt Capital later confirmed that the necessary retest was “in progress.”
“$BTC rebounded from its $113,500 support region,” crypto investor Ted Pillows contributed during the day.
“As long as Bitcoin maintains this level, we are likely to move higher. If BTC drops below, expect a correction towards the $110,000 mark.”
A hidden bullish divergence developing on the low-time frame relative strength index (RSI) further supports the bulls.
The hourly chart revealed that the RSI made a lower low while the price formed a potential higher low — an initial sign that a short-term uptrend could carry on.
As previously reported by Cointelegraph, the higher-time frame RSI suggests trend exhaustion, characterized by successive lower highs even as prices set new records.
Stock futures pause gains as Fed meeting approaches
Ahead of the major macroeconomic event of the week, the US Federal Reserve’s interest-rate decision, stock futures displayed signs of weakness.
Related: BTC price anticipates record monthly close: 5 things to watch in Bitcoin this week
S&P 500 futures retracted before the opening on Wall Street, with risk assets generally under pressure leading up to Fed rate meetings.
Pillows also pointed out that BTC/USD often hits a local low on Tuesdays, suggesting the support retest may persist.
$BTC generally peaks on Mondays and bottoms on Tuesdays.
This trend has been observed for several months.
Do you think it could recur? pic.twitter.com/RsnRB4eZ5f
— Ted (@TedPillows) October 27, 2025
Taking a broader perspective, trading resource Mosaic Asset Company expressed confidence in the risk-asset bullish outlook.
“Signs of economic growth are enhancing the earnings forecast, while relaxed financial conditions serve as a catalyst for further growth,” the company noted in its Sunday newsletter, The Market Mosaic.
“The possibility of the Fed reducing interest rates amidst a robust economic backdrop and already relaxed conditions adds fuel for the stock market surge.”
This article is not intended as investment advice or recommendations. Every investment and trading decision entails risk, and readers should perform their own research before making decisions.
