Bitcoin Battles at $110K Support - Make or Break Moment Arrives
Bitcoin's ultimate test unfolds as the $110,000 support level becomes the new battlefield.
The Tipping Point
Digital gold faces its moment of truth, with 110K serving as the critical threshold that could determine the next major market move. Bulls dig in while bears circle—this isn't just another price level, it's the line in the sand.
Market watchers hold their breath as the world's premier cryptocurrency either finds its footing or faces a significant correction. The charts don't lie, and right now they're screaming 'all or nothing.'
Meanwhile, traditional finance experts continue predicting crypto's demise—right before their fourth martini lunch, of course.
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In Brief
- Bitcoin is currently retesting a golden cross, a bullish technical pattern observed during previous bull runs.
- Analyst Mister Crypto recalls that this signal preceded rises of +2,200 % in 2017 and +1,190 % in 2020.
- The 110,000 dollar level is identified as critical: breaking and maintaining above it could trigger a new rally.
- Analyst Mac tempers expectations and warns that a break of this level could mark the end of the current cycle.
The Golden Cross : Toward an Explosive Recovery ?
In a message published Sunday on X, analyst Mister Crypto pointed out that Bitcoin is currently retesting a “golden cross”, a bullish technical figure already detected in July.
This crossover occurs when the 50-day moving average passes above the 200-day moving average, often signaling a trend reversal in favor of buyers. “The configuration looks extremely solid,” wrote Mister Crypto, adding that a confirmed breakout could “literally explode” the Bitcoin price in the weeks to come.
Bitcoin is retesting the golden cross right now.
If we can hold above, $BTC price will absolutely explode! pic.twitter.com/VAQqsEfRGe
He also recalls that previous golden crosses preceded massive rises : +2,200% in 2017 and +1,190% in 2020.
According to the analyst, the validity of this configuration now depends on BTC maintaining above 110,000 dollars. This threshold represents a crucial pivot point for activating a potential bullish movement. The technical data cited refer to clear precedents :
- In 2017, a golden cross preceded a 2,200% rally ;
- In 2020, the same technical pattern preceded a 1,190% surge ;
- The current signal is considered “incredibly strong”, according to Mister Crypto ;
- Maintaining above 110,000 $ could trigger a new phase of growth, potentially parabolic.
The golden cross thus acts as a powerful psychological catalyst on the market, fueling expectations of a new high-potential bullish cycle for Bitcoin. However, this signal is conditioned by holding key levels, in a demanding technical context.
Technical Threats and Macroeconomic Pressures
Contrary to this decidedly optimistic interpretation, other analysts adopt a more measured stance. This is the case of Mac, also active on X, who points out that bitcoin must imperatively keep above the 110,000 dollar threshold to avoid a bearish reversal of the current cycle.
“If BTC falls below, that could mark the end of the current cycle,” he warns. He notably relies on the MFI (Money FLOW Index) in 4-hour units, which he describes as “deeply oversold,” suggesting a potential short-term rebound, but not necessarily triggering an immediate surge.
gentlemen I'm deploying captial here slowly. SOL, ETH mainly
If $BTC does not hold $110k we can wrap up this cycle, 4H MFIs oversold as fuck.
the R:R is good. I don't expect us to ultra pump up but a little bit more upward chop next week.
good luck
At the same time, the macroeconomic environment reinforces the prevailing uncertainty. Tom Lee, co-founder of Fundstrat, notes that the recent correction in equity markets could be a simple adjustment after a 36 % rise since April.
He highlights the VIX peak, a volatility indicator, which rose 1.29 % last Friday, the 51st largest historical increase. “If someone asks me: will we be higher in a week? I WOULD say the chances are really good,” he notes.
Meanwhile, Donald Trump’s announcements regarding the imposition of 100% tariffs on Chinese imports starting November 1st are fueling a risk-averse climate. China, it should be recalled, controls about 70% of the global supply of rare earth elements, strategic components for the tech industry.
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