Key TakeawaysBitcoin (BTC) hovers near $110,395 after a short-term pullback from $111K, while the broader crypto market remains resilient.Bull flag formations across multiple time frames continue to target $186K–$192K, suggesting potential 70% upside.Macro sentiment improved on hopes of a US–China trade summit and a possible Fed rate cut later this month.Altcoins including Ethereum (ETH $4,055), BNB ($1,100), and Solana (SOL $187) extended moderate gains.Bitcoin Stabilizes After Pullback, Macro Tailwinds Support OutlookBitcoin (BTC) traded around $110,395 on Tuesday, easing from its intraday high near $111,430 as traders booked profits following a brief recovery.According to Cointelegraph Markets Pro and TradingView, BTC is still up around 6% from Friday’s low near $103,530, keeping bulls cautiously optimistic.The market rebound remains underpinned by improving macro signals, including U.S. President Donald Trump’s confirmation of an Oct 31 summit with China’s President Xi Jinping — viewed as a positive step toward easing global trade tensions.Traders are also pricing in a 99% probability of a 25-basis-point rate cut at the Oct 28–29 FOMC meeting, which would lower U.S. rates to 3.75%–4%, according to CME FedWatch Tool data.Meanwhile, Fed Chair Jerome Powell hinted at a possible end to quantitative tightening (QT) by January 2026, potentially boosting liquidity — a scenario reminiscent of the liquidity-driven rally in 2021.Altcoins Mirror Bitcoin’s ResilienceBroader crypto assets mostly followed Bitcoin’s trend:Ethereum (ETH) traded around $4,055, maintaining the key $4,000 level.Solana (SOL) held near $187, up about 4% over 24 hours.BNB (BNB) hovered around $1,100, edging slightly higher.XRP stabilized near $2.45, while Dogecoin (DOGE) traded close to $0.20.The total crypto market capitalization was up about 4.5%, reaching $3.78 trillion, according to Coin360.Technical Setup: Bull Flags Still Point to $186K–$192KFrom a chart-pattern perspective, Bitcoin’s rebound from $103,500 confirmed a bullish RSI divergence on the four-hour chart — a sign that selling pressure is weakening and dip-buyers are regaining control.Multiple bull flag formations across longer time frames remain active:Major Bull Flag (Sept 2023 – Oct 2024)Validated during the 2024 U.S. election rally.Measured target: ~$192,000.Mid-Term Flag (Sept – Dec 2024)Target: ~$186,000.Current Flag (Mar – Oct 2025)Breakout above $115,000 would confirm continuation toward $192,000, aligning with the higher-time-frame targets.“The confluence of multiple bull-flag projections reinforces a 70% upside potential if BTC breaks above $115K,” technical analysts noted.Analyst Targets Diverge Between $141K and $290KAnalyst Mags maintains that Bitcoin could continue to climb within a weekly ascending channel, potentially reaching $250K–$290K if bullish momentum persists into early 2026.However, Aksel Kibar, CMT, projects a more conservative inverse head-and-shoulders pattern targeting $141,300, emphasizing that BTC remains range-bound between $109K and $124K.“Bitcoin must hold the neckline; a decisive break above $124K would confirm the next bullish leg,” Kibar said on X.Bulls Retain Control Above $108K SupportDespite short-term consolidation near $110K, Bitcoin’s weekly close above $108K confirmed that bulls have reclaimed a critical support zone.With macro tailwinds, easing rate expectations, and an active multi-time-frame bull-flag structure, BTC still appears positioned for another leg up — provided it clears $115K resistance.A confirmed breakout could extend gains toward the $186K–$192K range, potentially marking the next major phase of the 2025 bull cycle, according to Cointelegraph.
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