Flow

bullish

Millions

Bitcoin

Million

The Bitcoin price edged down 1.5% in the past 24 hours to trade at $113,980 as of 3:48 a.m. EST on trading volume that dropped 7% to $54.8 billion.
The fall came as S&amp;P Global Ratings slapped a junk rating on Michael Saylor’s Bitcoin treasury firm Strategy because of&nbsp; its ”speculative” exposure to BTC.
The B- credit rating placed the firm six notches below investment grade.&nbsp;
“We view Strategy’s high bitcoin concentration, narrow business focus, weak risk-adjusted capitalization, and low U.S. dollar liquidity as weaknesses,” the agency <a href="https://www.spglobal.com/ratings/en/regulatory/article/-/view/type/HTML/id/3466223" rel="noopener noreferrer nofollow">said</a>.
But the rating marks the first time a Bitcoin-focused treasury company has received an official S&amp;P rating, a significant milestone for the crypto industry’s growing overlap with traditional finance.
<h2 id="sp-rating-hilarious">S&amp;P Rating ‘Hilarious’</h2>
Some analysts took issue with the rating. Adam Livingston, an analyst with 56k followers on X, called it “hilarious.”
<blockquote class="twitter-tweet">
 Everybody, please read this as it relates to Strategy's credit rating.
 It's hilarious
 S&amp;P Global: "we are likely to continue to view capital as a weakness, because Strategy's bitcoin holdings are likely to grow materially"
 So basically "the more Bitcoin they buy, the weaker… <a href="https://t.co/vC4khB4sog" rel="noopener noreferrer nofollow">pic.twitter.com/vC4khB4sog</a>
 — Adam Livingston (@AdamBLiv) <a href="https://twitter.com/AdamBLiv/status/1982880379494142443?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 27, 2025</a>
</blockquote>

VanEck’s Matthew Sigel said the B- rating places Strategy in high-yield territory, implying about a 15% default risk over five years.
<blockquote class="twitter-tweet">
 🚨Strategy Inc Assigned 'B-' Issuer Credit Rating; Outlook Stable at S&amp;P
 That’s high-yield territory. Able to service debt for now, but vulnerable to shocks.
 S&amp;P data: B issuers carry ~15% 5-yr default risk. <a href="https://t.co/ingZu6DRmH" rel="noopener noreferrer nofollow">https://t.co/ingZu6DRmH</a> <a href="https://t.co/RrHOWYmzVG" rel="noopener noreferrer nofollow">pic.twitter.com/RrHOWYmzVG</a>
 — matthew sigel, recovering CFA (@matthew_sigel) <a href="https://twitter.com/matthew_sigel/status/1982852544230801468?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 27, 2025</a>
</blockquote>

Despite the agency’s rating, <a href="https://www.google.com/finance/quote/MSTR:NASDAQ?sa=X&amp;sqi=2&amp;ved=2ahUKEwi9w_OF_MWQAxX31zgGHQkxHcIQ3ecFegQIMxAX" rel="noopener noreferrer nofollow">Strategy’s stock (MSTR)</a> rose almost 2.3% yesterday to trade at $295.63.
Meanwhile, Strategy <a href="https://x.com/Strategy/status/1982779807625621885" rel="noopener noreferrer nofollow">added</a> another 390 BTC to its hoard at a cost of about $43.4 million on Monday. The firm now holds 640,808 BTC.
<h2 id="bitcoin-price-rebounds-above-key-resistance-levels-amid-bullish-recovery">Bitcoin Price Rebounds Above Key Resistance Levels Amid Bullish Recovery</h2>
The <a href="https://www.coingecko.com/en/coins/bitcoin" rel="noopener noreferrer nofollow">BTC price</a> has staged a strong rebound over the past week, indicating that the bulls are again gaining momentum after a period of consolidation and correction earlier in October.
Following the sharp decline from the local high near $118,600, Bitcoin found support around $103,350, signaling the start of a new recovery phase.
Since then, the BTC price has climbed steadily, breaking through several Fibonacci retracement levels.&nbsp;
Currently, Bitcoin is trading around $113,980, having moved above both the 50-day and 200-day Simple Moving Averages (SMAs) on the 4-hour timeframe, a strong signal that buyers are regaining control of the market.
The Relative Strength Index (RSI) is currently above the 50-midline level at 57.99. This reading signals that bullish momentum remains dominant, but with enough room for further upside before approaching overbought conditions.
Additionally, the Chaikin Money Flow (CMF) shows a mildly positive reading of +0.04, which is an indication of steady capital inflow and growing investor confidence. Sustained readings above +0.10 would confirm stronger accumulation.
BTC is testing the 0.618 Fib level ($114,324), which aligns with the 200-day SMA, a historically significant confluence point. A successful breakout above this area could accelerate gains toward the $116,900–$118,600 range.
<figure style="width: 100%" class="wp-caption alignnone"><img src="https://insidebitcoins.com/wp-content/uploads/2025/10/WBTC_2025-10-28_10-48-29.png" alt="Bitcoin/USD Chart Analysis Source: GeckoTerminal" width="1638" height="714">
 <figcaption>
 BTC/USD Chart Analysis Source: GeckoTerminal
 </figcaption>
</figure>
<h2 id="btc-price-bulls-eye-prices-above-118-000">BTC Price Bulls Eye Prices Above $118,000</h2>
Based on the ongoing recovery attempt, the BTC price appears poised to continue toward the upper resistance band, provided it maintains momentum above the 50-day and 200-day SMAs.
If bullish pressure persists, the next key resistance levels lie at $116,900 (0.786 Fib) and $118,600 (recent swing high). A breakout beyond this zone could open the path to the Fibonacci extension target at $131,280, representing a potential 15% upside from current levels.
Ali Martinez, a popular crypto analyst on X, says the price of BTC could still soar as long as it holds a sustained uptrend line.
<blockquote class="twitter-tweet">
 Bitcoin <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a>: Everything depends on this trendline! <a href="https://t.co/n492Yjxi6b" rel="noopener noreferrer nofollow">pic.twitter.com/n492Yjxi6b</a>
 — Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1983081802836131978?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 28, 2025</a>
</blockquote>

Conversely, if the BTC price fails to hold above $111,900 (Fib 0.5), a short-term pullback toward $110,000 or even $107,400 (Fib 0.236) could occur before another upward attempt.
<h2 id="related-news">Related News:</h2>
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 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/bitcoin-price-prediction-millions-in-shorts-liquidated-as-btc-breaks-115k-on-us-china-trade-hopes" rel="noopener noreferrer nofollow">Bitcoin Price Prediction: Millions In Shorts Liquidated As BTC Breaks $115K&nbsp;</a></li>
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Bitcoin Price Tumbles 1.5% As Analyst Calls S&P Junk Rating On Michael Saylor’s Strategy ‘Hilarious’

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