{"id":52340,"date":"2025-10-21T13:42:07","date_gmt":"2025-10-21T06:42:07","guid":{"rendered":"https:\/\/hbbgroup.net\/bitcoin-btc-price-eyes-114000-retest-amid-bounce-but-analyst-suggests-caution\/"},"modified":"2025-10-21T13:42:07","modified_gmt":"2025-10-21T06:42:07","slug":"bitcoin-btc-price-eyes-114000-retest-amid-bounce-but-analyst-suggests-caution","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/vi\/bitcoin-btc-price-eyes-114000-retest-amid-bounce-but-analyst-suggests-caution\/","title":{"rendered":"Bitcoin (BTC) Price Eyes $114,000 Retest Amid Bounce, But Analyst Suggests Caution"},"content":{"rendered":"
\n

Bitcoin (BTC) started the week recovering 6% from Friday\u2019s drop and attempting to reclaim a crucial area that could set the stage for a trend continuation. However, some analysts have advised caution as BTC\u2019s next leg up could be delayed until December.<\/p>\n

Bitcoin To Move Sideways Until December?<\/h2>\n

After the end-of-week market downturn, Bitcoin has bounced to the $110,000 level and is attempting to turn this area into support again. Notably, the flagship crypto has been trading within the $108,000-$120,000 price range since July.<\/p>\n

Last week, BTC recorded its second<\/a> drop below the range lows, falling to the $103,500 mark on Friday. Over the weekend, the cryptocurrency\u2019s price stabilized and reclaimed the $106,000-$108,000 area.<\/p>\n

Now, Bitcoin has recovered 6.2% from the recent lows and could potentially target higher levels in the short term. Analyst Crypto Kaleo pointed<\/a> out that BTC\u2019s multi-year ascending trendline has held as support despite the recent retest and overall sentiment turning bearish, suggesting that investors should \u201cbe more bullish.\u201d<\/p>\n

Similarly, Sjuul from AltCryptoGems highlighted that despite the current market sentiment, which shows the Fear and Greed index remains at fear levels, the flagship crypto is \u201cstill perfectly holding that flipped resistance level,\u201d around $108,000, and is holding it as support.<\/p>\n

\"Bitcoin\"
Bitcoin sentiment remains bearish despite holding key support area. Source: AltCryptoGems on X<\/a><\/figcaption><\/figure>\n

\u201cNot sure if this is the place to turn bearish. Support is support, until it is not,\u201d the analyst affirmed. Altcoin Sherpa also shared<\/a> a positive outlook, emphasizing that BTC\u2019s chart doesn\u2019t look \u201cthat bad when you zoom out,\u201d as it remains in the same multi-month price range and could challenge the $114,000-$115,000 area.<\/p>\n

Nonetheless, the analyst cautioned<\/a> that it may be \u201ctoo early to really call any sort of bullish reversal,\u201d forecasting that the cryptocurrency will likely see \u201ca ton of chop over the next 6-8 weeks, and we range between 100k-115k and hopefully have a nice December.\u201d<\/p>\n

$114,000-$116,000 Area Remains Key<\/h2>\n

Rekt Capital stated<\/a> that as long as the price holds the current levels, it could move to the $114,000 area for a key trend continuation across its range and potentially revisit the highs.<\/p>\n

To achieve this, the analyst explained that Bitcoin must reclaim its 21-week Exponential Moving Average (EMA) as support, which was lost after Sunday\u2019s close below the $110,000 mark. The 21-week EMA has served as support during pullbacks since late Q2.<\/p>\n

He explained that the cycle<\/a> has been one of downside deviations, with price weekly closing below key levels and positioning for a bearish retest before successfully reclaiming these levels as support and rallying higher. Based on this, \u201cit\u2019s not a given that price will reject from the 21-week EMA.\u201d<\/p>\n

The analyst also shared an outlook for BTC\u2019s range in the monthly timeframe, where it has been consolidating while upside wicking beyond the range high and downside wicking below the range<\/a> low since July.<\/p>\n

\u201cAs part of this consolidation, there is a potential Lower High developing which isn\u2019t yet solidified; the upcoming Monthly Close will inform more about whether that indeed will become a resistance,\u201d he detailed<\/p>\n

Rekt Capital concluded that a monthly close above the Lower High would invalidate the potential setup, and a close above the range high resistance would position Bitcoin for a range breakout, \u201cespecially if a November post-breakout retest of $116k into new support takes place.\u201d<\/p>\n

As of this writing, Bitcoin is trading at $110,850, a 2% increase in the daily timeframe.<\/p>\n

\"Bitcoin,
Bitcoin\u2019s performance in the one-week chart. Source: BTCUSDT on TradingView<\/a><\/figcaption><\/figure>\n

Featured Image from Unsplash.com, Chart from TradingView.com<\/p>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC) started the week recovering 6% from Friday\u2019s drop and attempting to reclaim a crucial area that could set […]<\/p>","protected":false},"author":5,"featured_media":52341,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[220],"tags":[],"class_list":["post-52340","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tien-dien-tu"],"acf":[],"_links":{"self":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/52340","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/comments?post=52340"}],"version-history":[{"count":0,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/52340\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/media\/52341"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/media?parent=52340"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/categories?post=52340"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/tags?post=52340"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}