So, Bitcoin’s hanging out by a super fun technical level, and everyone’s got a theory-because who doesn’t love a good rollercoaster? Some experts think it’s just a tiny correction, like the market’s catching its breath before the next big fireworks show. Others are convinced we’re on the cusp of a new bull run-cue the trumpets, or just a lot of frustration. It recently clawed its way up from $111,000 but got shy before crossing the $117,000-$119,000 mark-kind of like when you’re trying to see a concert but the crowd’s all in the way.
What’s really happening? Are we about to see a chunky correction, or is this the dawn of a shiny new rally? Only time will tell, but grab some popcorn-because this is not going to be boring.
Will It Bounce or Bust? Macro Correction or Wild Breakout? 🎢
Analyst CasiTrades is saying, “We’re still in some fancy Elliott Wave Correction,” which is just a fancy way of saying the market is doing its complicated dance. She claims Bitcoin’s already finished its “A wave,” and now it’s doing some recovery-like when you finally get to the snacks after a marathon. Targets are between $117,100 and $119,500-the “final boss” resistance zone, apparently.
“This is the last big resistance zone that could top the B wave,” CasiTrades said, probably with a smug grin.
If Bitcoin dares to break above $123,500 (the 1.618 extension!), then get ready for a rally-a real one, not just a “I hope this pumps” kind. But if it gets rejected, watch out for a C-wave dive down to between $97,000 and $94,000-meh, just your average market mood swing.
Support Parties, Fed Secrets & Volatility Voodoo ⚡
Ted Pillows (yes, really) says Bitcoin recently bounced off $113,500 and is channeling good vibes-“as long as it stays above that, we’re going higher,” he claims. But if it slips below, expect a trip down to around $110,000: fun times ahead.
$BTC rebounded from $113,500 support-like a boomerang!
Stay above this, and we’re soaring.
If it falls below? Buckle up for a correction to $110K. Better luck next time.
– Ted (@TedPillows), probably dreaming of crypto skies, October 28, 2025
Meanwhile, crypto buffs are biting their nails over the upcoming Federal Reserve meeting-because what could possibly go wrong? November’s always a wild one for Bitcoin, with market peaks and valleys so dramatic, they make a soap opera look dull. Daan Crypto Trades says the final two months of the year are basically the season finale of “Bitcoin: Will It Crash or Soar?”
EU and APAC trading hours are secretly the stars here, contributing a ton to Bitcoin’s recent gains since October 23. EU leads with +5%, and APAC isn’t far behind-typical global team effort. The US? Pretty chill-flat or slightly negative, like a lukewarm latte.
And Ted’s takeaway? “Asia’s been bidding on $BTC. Looks like the worst has already been, uh, ‘bidded,’” because apparently, that’s a phrase now.
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2025-10-28 19:37