Bitcoin’s Crucial 50 SMA Test: A Potential Springboard to $135K by December 2025

As Bitcoin teeters above its 50-day Simple Moving Average (SMA), a critical technical level often referred to as the 'Golden Line,' the cryptocurrency market stands at a crossroads. Analysts highlight this moment as pivotal, with the potential to either ignite a significant rally toward $135,000 by December 2025 or trigger renewed selling pressure. The 50 SMA has historically played a decisive role in market cycles, notably marking key turning points during the 2021 bear market. Currently, Bitcoin's ability to hold this support could determine whether bulls can capitalize on the next major upward movement. Market participants are closely watching for a clean bounce, which would reinforce bullish sentiment and set the stage for a breakout. Conversely, a breakdown below this level may lead to increased liquidations and short-term bearish momentum. With the December 2025 target in sight, the coming weeks will be crucial for Bitcoin's trajectory.

Bitcoin Tests Critical 50 SMA Support as Bulls Target $135K Breakout by December 2025

Bitcoin hovers precariously above its 50-day Simple Moving Average, a technical threshold analysts dub the "Golden Line" for its historical significance in dictating market cycles. The cryptocurrency now faces a pivotal moment—a clean bounce could ignite the next major rally, while a breakdown may trigger renewed liquidation pressure.

Market observers recall how the 50 SMA marked the 2021 bear market's onset when Bitcoin breached this level. Conversely, sustained rebounds from this line in 2023-2024 fueled extended bullish runs. With BTC currently trading between $110,000-$112,000, the coming days may determine whether the digital asset resumes its upward trajectory or faces corrective action.

Analysts project a potential surge to $135,000-$140,000 by late 2025 should bitcoin maintain its current support level. The 50 SMA continues to serve as the demarcation between bullish continuation and trend reversal—a technical crossroads that could define the next chapter of Bitcoin's market cycle.

UAE Telecom Giant du Launches Bitcoin Cloud Mining Service

Dubai-based telecom operator du has entered the cryptocurrency sector with its new 'Cloud Miner' platform, offering UAE residents simplified access to Bitcoin mining. The service eliminates hardware requirements by leveraging the company's data center infrastructure, aligning with the Emirates' push toward digital asset adoption.

Subscriptions will be allocated through an online auction from November 3-9, with immediate mining capability upon purchase. Chief ICT Officer Jasim Al Awadi positioned the move as a gateway to broader blockchain services, hinting at future crypto exchanges and lending products.

Iran's Bitcoin Mining Boom Strains Power Grid Amid Sanctions

Iran has emerged as a crypto mining powerhouse, now ranking fifth globally in Bitcoin hashrate share despite a recent decline from 7.5% to 4.2% of the network. The underground industry thrives on electricity priced as low as $0.01/kWh, enabling miners to profit handsomely while bypassing international banking sanctions.

Nearly one-quarter of Iran's population has turned to cryptocurrency as hyperinflation ravages the rial, which lost 37% against the dollar this year alone. The government faces mounting challenges as unauthorized mining operations consume enough power to illuminate entire cities, with 95% of activity occurring outside legal channels.

Bitcoin Whales Control 68.6% of Supply Amid $111K Resistance Test

Large Bitcoin holders—wallets containing 10 to 10,000 BTC—now command 68.62% of the circulating supply, according to Santiment data. This cohort accumulated approximately 110,010 BTC between August and mid-October but has since offloaded 23,200 BTC, signaling potential short-term caution among institutional players.

The cryptocurrency currently trades at $110,795, hovering below the 20-week exponential moving average ($111,425) yet firmly above the 50-week EMA ($100,863). While the moving average alignment suggests enduring bullish sentiment, the 10.6% retreat from the $123,731 peak indicates consolidation as markets await directional clarity.

Technical thresholds loom large: Reclaiming $111K-$112K could reignite upward momentum, while failure to hold $100.9K may precipitate deeper corrections. Fibonacci levels underscore these pivotal zones as traders gauge whether profit-taking will yield to renewed accumulation.

3 Key Trump Moves That Made Bitcoin (BTC) Surge to $110K

Bitcoin has surged to $110,269, consolidating within a $108K–$114K range as market momentum stabilizes. The rally follows three pivotal actions by former President Donald Trump: avoiding new tariffs, promoting economic growth, and restoring investor confidence. These measures have galvanized global digital asset markets, with Bitcoin leading the charge.

The cryptocurrency's rebound from recent volatility coincides with Trump's tariff truce announcement, which eased market pressures. Analysts describe the policy shift as 'giga bullish' for BTC, noting immediate price appreciation and renewed risk appetite. Bitcoin currently trades at $110,484.79, up 0.3% over 24 hours.

Market observers highlight the direct correlation between geopolitical developments and crypto valuations. The tariff decision particularly resonated across financial markets, with Bitcoin serving as a primary beneficiary. Trading activity now reflects strengthened conviction among institutional and retail participants alike.

Tether Reports Over $10 Billion Year-to-Date Profit, Becomes 17th Largest U.S. Treasury Holder

Tether International has cemented its position as one of the world's most profitable privately held companies, reporting a year-to-date net profit exceeding $10 billion through the third quarter. The stablecoin issuer's financial strength was detailed in an attestation report by accounting firm BDO.

The company minted over $17 billion in new USDT tokens during Q3, pushing total circulating supply beyond $174 billion by September 30. This growth trajectory continued into October, with supply surpassing $183 billion as demand for dollar-pegged digital assets surged amid global macroeconomic uncertainty.

Tether's U.S. Treasury holdings reached approximately $135 billion, making it the 17th largest holder of U.S. government debt worldwide—surpassing South Korea's reserves. The company maintains $6.8 billion in excess reserves beyond token backing requirements.

Reserves backing USDT stood at $181.2 billion against liabilities of $174.4 billion at quarter-end. Notably, the reserve portfolio includes $12.9 billion in Gold and $9.9 billion in bitcoin, representing roughly 13% of total holdings.

"Investors and users alike continue to turn to USDT as the most reliable and liquid digital dollar," said CEO Paolo Ardoino, highlighting the stablecoin's growing adoption. The company now serves over 500 million users globally while expanding investments in artificial intelligence and other emerging technologies.