Key points:
<ul>
 <li>Bitcoin begins to find a local floor, with analysis highlighting several key lines in the sand.</li>
 <li>RSI signals demand upside continuation as longer timeframes remain in doubt.</li>
 <li>The Fed rate-cut decision begins to show in cooling US stocks’ performance.</li>
</ul>
Bitcoin (<a href="https://cointelegraph.com/bitcoin-price" rel="noopener noreferrer nofollow">BTC</a>) tested key resistance on Tuesday, with traders bullish on BTC price upside.
<figure>
 <img alt="Bitcoin price $111K support retest 'in progress' as RSI points higher" src="https://s3.cointelegraph.com/uploads/2025-10/019a29fc-7376-7678-adcc-4b6143596056" title="">
 <figcaption style="text-align: center;">
 BTC/USD four-hour chart. Source: Cointelegraph/TradingView
 </figcaption>
</figure>
<h2 id="br-bitcoin-price-teases-new-highs-next"> Bitcoin price teases new highs next</h2>
Data from <a href="https://subscription.cointelegraph.com/?_gl=1*enpnlb*_ga*MTE3NDE3MjgzMC4xNzE1NjcwODE1*_ga_53R24TEEB1*MTc0NDcyNDI2NS40MS4xLjE3NDQ3MjQyNjkuNTYuMC45MTY3MzAwMzI." rel="noopener noreferrer nofollow">Cointelegraph Markets Pro</a> and <a href="https://www.tradingview.com/symbols/BTCUSD/?exchange=BITSTAMP" rel="noopener noreferrer nofollow" target="_blank">TradingView</a> showed Bitcoin acting around $114,000.
After an impressive weekly close, BTC/USD consolidated gains during Monday’s Wall Street trading session.
Trader and analyst Rekt Capital noted two important support levels for bulls to reclaim: the 21-week exponential moving average (EMA) at $111,200 and $114,500 weekly close.
“Bitcoin has successfully Weekly Closed above both the 21-week EMA (green) and $114.5k (black),” he <a href="https://x.com/rektcapital/status/1982795213983698949" rel="noopener noreferrer nofollow" target="_blank">told</a> X followers alongside a chart.
<blockquote>
 “Both $114.5k &amp; EMA could get retested to confirm a reclaim to support. $BTC could achieve this via a volatile retest of $114.5k, wicking into the EMA below.”
</blockquote>
<figure>
 <img alt="Bitcoin price $111K support retest 'in progress' as RSI points higher" src="https://s3.cointelegraph.com/uploads/2025-10/019a29f0-c4d1-7669-bba2-f9b378d0ce92" title="">
 <figcaption style="text-align: center;">
 BTC/USD one-week chart. Source: Rekt Capital/X
 </figcaption>
</figure>
 Rekt Capital subsequently <a href="https://x.com/rektcapital/status/1982976437276815526" rel="noopener noreferrer nofollow" target="_blank">confirmed</a> that the required retest was now “in progress.”
“$BTC bounced back from its $113,500 support zone,” crypto investor and entrepreneur Ted Pillows <a href="https://x.com/TedPillows/status/1983084278151049663" rel="noopener noreferrer nofollow" target="_blank">added</a> on the day.
<blockquote>
 “As long as Bitcoin holds this, we are going higher. If BTC loses this level, expect a correction towards the $110,000 level.”
</blockquote>
<figure>
 <img alt="Bitcoin price $111K support retest 'in progress' as RSI points higher" src="https://s3.cointelegraph.com/uploads/2025-10/019a29f2-283f-73e7-b821-3bf466cc38da" title="">
 <figcaption style="text-align: center;">
 BTC/USDT one-day chart. Source: Ted Pillows/X
 </figcaption>
</figure>
 Furthering the bulls’ cause was a hidden bullish divergence playing out on the low-time frame relative strength index (<a href="https://cointelegraph.com/news/here-s-3-ways-the-relative-strength-index-rsi-can-be-used-as-a-sell-signal" rel="noopener noreferrer nofollow" target="_self">RSI</a>).
The hourly chart showed RSI making a lower low while price sealed a potential higher low — an early signal that a short-term uptrend could continue.
As <a href="https://cointelegraph.com/news/dead-cat-bounce-to-118k-5-things-bitcoin-this-week" rel="noopener noreferrer nofollow">Cointelegraph reported</a>, the higher-time frame RSI indicates trend exhaustion, with the indicator making successive lower highs while the price sets records.
<figure>
 <img alt="Bitcoin price $111K support retest 'in progress' as RSI points higher" src="https://s3.cointelegraph.com/uploads/2025-10/019a29fa-c7a4-742d-806f-4e329ba68a8e" title="">
 <figcaption style="text-align: center;">
 BTC/USD one-hour chart with RSI data. Source: Cointelegraph/TradingView
 </figcaption>
</figure>
<h2 id="stocks-futures-halt-gains-as-fed-meeting-looms">Stocks futures halt gains as Fed meeting looms</h2>
Ahead of the week’s key macroeconomic event, the US Federal Reserve decision on interest-rate changes, stock futures showed signs of strain.
Related: <a href="https://cointelegraph.com/news/btc-price-eyes-record-monthly-close-5-things-bitcoin-this-week" rel="noopener noreferrer nofollow">BTC price eyes record monthly close: 5 things to know in Bitcoin this week</a>
S&amp;P 500 futures cooled prior to the Wall Street open, with risk assets <a href="https://cointelegraph.com/news/bitcoin-daily-dip-hits-2-classic-btc-price-action-precedes-fomc" rel="noopener noreferrer nofollow" target="_self">typically seeing pressure</a> into Fed rate meetings.
Pillows also noted that BTC/USD often puts in a local low on Tuesdays, leaving the door open for the support retest to continue.
<blockquote class="twitter-tweet">
 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> usually peaks on Monday and bottoms on Tuesday. This has been happening for a few months now. Do you think it could happen again? <a href="https://t.co/RsnRB4eZ5f" rel="noopener noreferrer nofollow">pic.twitter.com/RsnRB4eZ5f</a>— Ted (@TedPillows) <a href="https://twitter.com/TedPillows/status/1982773311676526805?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 27, 2025</a>
</blockquote>
Considering the broader picture, trading resource Mosaic Asset Company had little reason to doubt the risk-asset bull case.
“Evidence of economic growth is boosting the earnings outlook while loose financial conditions is a catalyst for more growth,” it wrote Sunday in the latest edition of its regular newsletter, <a href="https://www.mosaicassetco.com/p/the-market-mosaic-102625" rel="noopener noreferrer nofollow" target="_blank">The Market Mosaic</a>.
<blockquote>
 “The prospect of the Fed cutting interest rates into a strong economic backdrop and already loose conditions is more fuel for the stock market rally.”
</blockquote>
<figure>
 <img alt="Bitcoin price $111K support retest 'in progress' as RSI points higher" src="https://s3.cointelegraph.com/uploads/2025-10/019a29f4-6c15-76fe-b3db-c75e9f630516" title="">
 <figcaption style="text-align: center;">
 S&amp;P 500 futures one-hour chart. Source: Cointelegraph/TradingView
 </figcaption>
</figure>
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Bitcoin price $111K support retest 'in progress' as RSI points higher

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