Bitcoin sellers have capped the price around $112,000, but recent technical and on-chain indicators suggest that the current price stagnation could lead to a significant surge. The end of October’s macroeconomic events in the US is likely to serve as a catalyst for this potential price movement.

Key Points:

• Retail and institutional investors are accumulating Bitcoin, indicating it might be undervalued.
• Upcoming macroeconomic events in the US could resolve some current fears in the crypto market, potentially leading to price increases.

During the week, Bitcoin’s price remained under pressure, with sellers holding it below $112,000 while buyers were defending the range between $107,000 and $108,000.
Some market analysts have highlighted concerns about Bitcoin’s inability to sustain prices over $112,000 and its frequent return to lower price levels. However, the observed price compression, where high and low prices create tighter ranges, may be an encouraging sign for future price breakthroughs.

Analysts often observe that price compression generally precedes volatility and considerable price moves following a significant market shift, like the drop seen on October 10, which reduced open interest in Bitcoin by half.

BTC/USDT Four-hour Chart
BTC/USDT four-hour chart. Source: TradingView

Underlying these price dynamics are positive trends, particularly as Bitcoin spot ETFs recorded $477 million in inflows while the price of Bitcoin rose from $107,500 to $114,000.

Related to this trend, data reveals that buyers across different order sizes have shown consistent purchasing activity from prices as low as $101,500 up to recent highs of $114,000.

BTC/USDT Cumulative Volume Deltas
BTC/USDT spot and futures cumulative volume deltas. Source: Hyblock

Currently, Glassnode’s Bitcoin Accumulation Trend Score is 0.924, indicating that a substantial portion of larger entities in the network are accumulating Bitcoin, in contrast to those who are distributing it.

Bitcoin Accumulation Trend Score
Bitcoin accumulation trend score metric reads 0.924. Source: Glassnode

Multiple market analysts indicate that Bitcoin’s current range might conclude as early next week, allowing altcoins to start recovering, particularly as the US macroeconomic schedule fills with significant events.

“We have had capitulation, and everyone thinks there won’t be an alt-season. Let us remind everyone that:

1. Quantitative Tightening will conclude
2. Gold is in a distribution phase
3. Macro conditions are stabilizing
4. The odds for a deal between China and the US are over 60%
5. $7.4 trillion in Money Market Funds ready to rotate into the market as the Federal Reserve…”
   — 𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰 (@Negentropic_) on October 24, 2025

This article is intended for informational purposes only and should not be considered as investment or legal advice.