In the Asian-session trading on Tuesday, Bitcoin (BTC) maintained its position above the key threshold of US$110,000—an encouraging sign for market participants. In this article, we’ll break down the macroeconomic backdrop, technical signals, and what the potential upside projections could mean.
Macroeconomic Drivers
Bitcoin’s recent strength stems in part from a progressing positive macroeconomic narrative. The price climbed to around US$111,430, marking a 4 % rise over 24 hours and about 7.6 % higher than the recent low near US$103,530.
Several influential factors are in play:
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A possible détente in U.S.–China trade tensions, as the U.S. President confirmed a summit with the Chinese leader at the end of October.
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Hedge-fund and institutional interest picking up as risk assets are looked at with renewed optimism.
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Expectations that the Federal Reserve (Fed) might cut interest rates by 25 basis points at its upcoming meeting, and perhaps finish its quantitative tightening (QT) around January 2026—both of which are bullish for risk assets and crypto.
Together, these signals are reviving confidence among crypto investors, helping Bitcoin garner upward momentum.
Technical Landscape: Chart Patterns & Targets
The technical picture for Bitcoin is also looking more bullish:
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On the 4-hour chart, momentum indicators such as the relative strength index (RSI) have shown a bullish divergence: the RSI reached lows not seen since April while price made a low around US$103,500. This divergence suggests selling pressure is easing and buyers may be coming in.
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On the two-week time-frame, analysts identify multiple “bull flag” patterns. Each of these patterns suggests further upside: one covers the period September 2023 to October 2024 with a measured target of roughly US$192,000, another from September to December 2024 targets around US$186,000. The newest flag, forming since March 2025, would confirm when price breaks above ~US$115,000, and it too points toward the ~US$192,000 zone.
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Some bullish analysts go further: one forecast suggests a long-term target of US$250,000-$290,000 for Bitcoin.
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On the more cautious side, some market watchers note an inverse head-and-shoulders pattern still viable, with a more modest target near US$141,300.
Thus, while multiple scenarios exist, the consensus among several technical analysts is that Bitcoin could rise by ~70 % or more from current levels—assuming bullish conditions prevail.
What This Could Mean for Investors
For investors and traders, several implications arise from this outlook:
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Confidence Building: Holding above US$110,000 is psychologically and technically significant—it suggests that a support base may be forming and a new upward leg could be starting.
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Risk vs. Reward: With potential targets in the US$180,000-US$200,000 range (which would represent ~60-90 % upside from ~US$110,000), the risk/reward profile may appeal to those with higher tolerance for cryptocurrency volatility.
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Macro Risks Remain: Much hinges on macroeconomics—rate decisions, inflation data, global politics. If, for example, the Fed delays cuts or trade tensions worsen, the bullish thesis could falter.
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Time-Frame Matters: While some targets suggest near-term movement, many forecasts are medium to long-term. Investors should consider their horizon and risk tolerance accordingly.
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No Guarantees: It’s important to remember that chart patterns and macro outlooks are probabilistic, not certain. Most crypto firms and articles emphasize that cryptocurrencies remain high-risk assets and are subject to sudden reversals.
Conclusion
Bitcoin’s ability to hold above the US$110,000 mark, combined with improving macro signals and bullish chart patterns, suggests the possibility of a strong upward run—potentially in the range of ~70 % or more. That said, timing, execution, and acknowledgement of risks remain critical. Whether Bitcoin will indeed move toward US$180,000–US$200,000 (or beyond) depends on how the macro landscape and technical setup evolve in the coming weeks and months.
Stay alert. Stay patient. The next real opportunity may be closer than you think.
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