The price of Bitcoin has maintained a somewhat bullish trend this week, trading above $115,000 today and briefly hitting $116,077. However, it has since dropped to the mid-$112,000 range, according to data from Bitcoin Magazine Pro.
This price fluctuation occurs as traders consider the upcoming interest-rate decision from the Federal Reserve and growing optimism surrounding U.S.-China trade relations.
Bitcoin Magazine Pro reported a 1.6% increase in BTC’s value before the late afternoon decline.
Despite historical patterns of Bitcoin typically retreating ahead of significant U.S. economic announcements, the cryptocurrency remained stable as the Federal Open Market Committee (FOMC) meeting approaches on Wednesday, where a 25-basis-point rate cut is widely anticipated.
Traders are split regarding short-term price expectations. Some suggest the market may be finding a bottom, potentially leading to an upward trend for the remainder of the week, while others predict that $117,000 might represent a local peak before BTC revisits the CME futures gap near $111,000.
The broader economic landscape continues to favor risk-on assets. Gold dropped below $4,000 per ounce, its lowest price since October 6, which has helped propel gains in Bitcoin and alternative coins.
Bitcoin price moves into a narrow range
Bitcoin has entered one of its narrowest trading ranges in history, fluctuating between $106,000 and $123,000 for more than four months. This prolonged calm has lowered volatility to record lows, particularly on six-month metrics—levels that historically signal significant directional shifts. The weekly Bollinger Band Width, a vital volatility gauge, has reached unprecedented lows, indicating that a substantial increase in volatility could be on the horizon.
In previous cycles, comparable compression phases have resulted in price surges exceeding 65% within a span of 100 days.
When applying these historical trends, potential price targets could range from $170,000 to $180,000 by 2026 if Bitcoin adheres to a similar path. However, these low-volatility intervals can last for months before any breakout occurs, suggesting Bitcoin might continue its sideways trading into early 2026.
Corporate interest in crypto
Corporate and institutional activity in crypto is also making headlines. Japanese hospitality company Metaplanet Inc., which has pivoted to Bitcoin, announced a $500 million share buyback, while Cathie Wood’s Ark Invest increased its stake in Block Inc. by $30.9 million across three ETFs.
Wood, recognized for her $1.5 million Bitcoin forecast, remains one of the most optimistic investors in the crypto space. Through ARK Invest, she has consistently allocated substantial funds to major crypto-related companies.
Her firm maintains investments in Circle Internet Group, Coinbase, Robinhood, and Bitmine Immersion Technologies.
Recently, ARK enhanced its crypto stake by acquiring approximately $31 million worth of Block Inc. shares. The ARK Innovation ETF added 210,916 shares, the ARK Next Generation Internet ETF increased its holdings by 59,827 shares, and the ARK Fintech Innovation ETF purchased 114,842 shares.
