Bitcoin News Today: Bitcoin's $116k Gauntlet: Bulls Clash with Macro and Trade Uncertainties

Bitcoin hovers near $113,125 amid mixed signals for bulls and bears, with traders closely watching the Federal Reserve's upcoming rate decision and U.S.-China trade negotiations as key catalysts. Despite a recent rebound from a sharp October sell-off, the cryptocurrency faces stiff resistance at $116,000, where thick layers of sell orders have repeatedly repelled buyers, according to the Economic Times. Short liquidations have exceeded $49 million in the past 12 hours, underscoring the market's fragility, per CryptoDnes. Analysts highlight $107,800 as a critical support level, below which further retracement could test structural bullish sentiment, the Economic Times noted.

Institutional interest in Bitcoin remains robust, with spot ETFs for major cryptocurrencies like Solana, Litecoin, and Hedera gaining traction after U.S. Securities and Exchange Commission (SEC) approval, the Economic Times reported. Global inflows into Bitcoin investment products surged by $931 million in the week ending October 24, 2025, according to TradingView. This trend aligns with growing adoption by major players: SpaceX's recent $400 million Bitcoin transfer has sparked speculation about strategic asset restructuring by Elon Musk's ventures, as reported by GlobeNewswire.

Macroeconomic factors further complicate the outlook. The Federal Reserve's 98.3% probability of a 25-basis-point rate cut in October has bolstered crypto market optimism, a TradingView note showed, though traders remain cautious ahead of the official announcement. Meanwhile, the Bank of Canada revised its 2025 growth forecast to 1.2% from 1.8%, citing U.S. trade policy uncertainty as a drag on global demand, according to Investing.com. These macroeconomic headwinds underscore the delicate balance between Bitcoin's speculative appeal and real-world economic pressures.

Market participants are also eyeing geopolitical developments. U.S. President Donald Trump and Chinese President Xi Jinping's scheduled trade talks could sway investor sentiment, with favorable outcomes potentially reigniting bullish momentum, CryptoDnes warned. However, analysts caution that unresolved trade tensions could trigger a sharp pullback in both equities and crypto markets, the CryptoDnes piece added.

Bitcoin's path forward hinges on breaking through the $116,000 resistance zone, which has proven elusive despite institutional inflows and ETF-driven demand, the Economic Times observed. Retail investors continue to buy dips, but large players are using rallies to reduce exposure, according to CryptoDnes. For now, the cryptocurrency remains range-bound between $110,000 and $116,000, with traders bracing for a post-Fed decision resolution.