Emre Yumlu 
Bitcoin recent price movement shows signs of exhaustion, with the world’s largest cryptocurrency struggling to maintain its bullish momentum. Analysts suggest that Bitcoin may need a fresh catalyst to reignite investor enthusiasm and push it toward new all-time highs.
A New Trigger Might Be Needed to Sustain the Rally
According to a recent on-chain analysis, if Bitcoin fails to reclaim the $117,100 resistance level, the market could face a deeper contraction toward the lower end of its trading range. Currently hovering around $110,840 — roughly 5% below that threshold — Bitcoin’s inability to stay above this zone has historically led to prolonged mid- or long-term corrections.
Experts note that many long-term holders have been realizing profits in recent weeks, a potential signal of waning demand and reduced market confidence.
Volatile Month Ahead and Possible Sideways Consolidation
Hyblock Capital CEO Shubh Varma anticipates a turbulent month ahead for Bitcoin, with price fluctuations likely to occur between $116,000 and $120,000. He adds that consolidation — a period of sideways movement — appears to be the most probable scenario following the recent sharp market decline.
Despite the uncertainty, some key indicators remain positive. Varma points out that U.S.-based spot Bitcoin ETFs continue to record healthy inflows. Before the latest downturn, these funds saw nine consecutive days of inflows totaling nearly $5.96 billion, reflecting sustained institutional interest.
Rate Cut Expectations Could Provide Support
Market optimism is also being fueled by expectations of continued rate cuts from the U.S. Federal Reserve. Historically, lower interest rates have boosted demand for risk assets like Bitcoin, as investors move away from traditional fixed-income investments. According to the CME FedWatch Tool, markets currently price in a 95.7% probability of another rate cut at the Fed’s October 29 meeting.
Positive Outlook Toward Year-End
Matt Mena, a crypto research strategist at 21Shares, believes the overall setup for digital assets is becoming “increasingly constructive” heading into year-end. He notes that easing monetary policy, alongside growing institutional demand, could pave the way for Bitcoin to move toward $150,000 in the coming months.
Meanwhile, some analysts remain even more bullish. BitMEX co-founder Arthur Hayes and Unchained’s Joe Burnett project that Bitcoin could reach $250,000 by the end of 2025, driven by macroeconomic tailwinds and accelerating structural demand.
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