{"content":"BTC Rally at Risk as Analysts Watch Crucial Weekly Close Bitcoin (BTC) has plummeted about 4% in the last 24 hours, losing its local range bottom for the first time in a week, despite the Fed's 25-basis-point rate decrease. Some experts say this week's closure is critical for the main crypto's short-term success. Bitcoin Price Nears Key Weekly Close Bitcoin reached a one-week low of $106,700 on Thursday after falling below $110,000. The cryptocurrency has traded between $108,000 and $120,000 since July, but it failed to recapture the range highs following the early October downturn. Since Q3, BTC has showed similar price activity, suggesting market instability was predicted. Bitcoin lost 6%-8% following the past three Federal Open Market Committee (FOMC) sessions, but it reached a new ATH before the next one, the expert said. The data shows that BTC's price hit its local bottom 5-9 days after the conference, then recovered and rallied to new highs in the following weeks. Ted expected a rerun of the same strategy as price retested $106,000. He cautioned that Bitcoin must recoup $113,500 in the next days to avoid a wider decline. “A weekly close below that level will increase the likelihood of a bigger correction,” the analyst said. Rekt Capital said that Bitcoin needs conclude the week over $114,500 to regain support. He said a volatility retest of this level would be “perfectly fine” if price closes above this critical level at the conclusion of the week following the previous performance. Confirming the Range Low of ~$114k as support would confirm re-entry, restart consolidation, and permit a move towards the Range High of ~$119000 (red) to test $120k+ again. Since $112,000 has been a critical resistance level in the daily period for some weeks, Michaël van de Poppe believes it is the next important region to breach before a new ATH. According to the article, a break from this region might set up a retest of $119,000-$120,000. #FOMCMeeting #MarketPullback #AltcoinETFsLaunch #WriteToEarnUpgrade #FranceBTCReserveBill $BTC $BNB $SOL ","images":["https://d35imkjvkj28kt.cloudfront.net/uploadfile/article/blog/2025102025/10/31/197180956a2942c69830dc7074da5e8d.png"],"tags":[],"tradingPairs":["BNB/USDT"],"quotearticleid":0}