Can Bitcoin Price Maintain $112K Support Through FOMC Week?

Bitcoin price Holds $112K Support as Traders Await FOMC Decision

Bitcoin price continues to hold firm around the $113,000 mark, showing resilience amid light market corrections. The crypto market is taking a cautious stance as traders await critical updates from the Federal Open Market Committee (FOMC) and Federal Reserve Chair Jerome Powell. With broader financial markets slightly retreating, the asset maintains a slow upward trend, forming a higher low near the $112K level.

BTC Price Holds Above $112K Ahead of Crucial FOMC Meeting

According to analysts, staying in the support zone of above this would be an open invitation to another test of the $116,000 resistance. Nonetheless, investors are not engaging in too much trading since the FOMC decision is near at hand. The recent sideways movement of Bitcoin is indicative of a wait-and-watch strategy as the market participants anticipate increased volatility.

The Fed is likely to declare a reduction in interest rate of 25 basis points later on in the day. However, analysts opine that post-meeting comments by Powell would trigger more movement in the market. His voice can have an effect on risk in crypto and equities.

In the meantime, re-emerging trade negotiations between the U.S. and China may affect an opinion. President Trump and Xi will hold a meeting on Thursday this week in South Korea where they will be deliberating on a possible deal. Global risk assets such as BTC can have an accelerated pace or even greater caution depending on the result. To date, Bitcoin is on a tentatively positive position.

Analyst Predicts Bitcoin’s Bullish Wedge Formation

Analyst observed that Bitcoin is still consolidating in an upswing trend called a Continuous Broadening Wedge. The analyst emphasized the digital asset is trading in a broader formation every day that may indicate elevated volatility and an upward momentum.

The trend shows that there is a possibility of a significant increase in Bitcoin as it eches past the resistance trendline. The chart analysis indicates that there is a potential of a rally back to higher prices in case the bullish momentum remains constant in the next few sessions.

Will BTC Price Recover Soon?

The BTC price hovered at $112,700 on October 29, 2025, showing mild bearish pressure as it slipped 0.41% during the session. However, the cryptocurrency is stuck in a small band below $110,000 to $115,000, which indicates confusion among traders. The Relative Strength Index (RSI) stands at 47.26, indicating the slowed bullish momentum.

In the meantime, the MACD indicator is also giving early bearish signals. The MACD line is found below the signal line, and histogram bars are becoming red, which proves the fact of weakening purchasing power.

If BTC Price fails to hold the $112,000–$111,000 support zone, the next downside target may emerge near $110,000, followed by a possible test of $107,500. On the upside, a decisive break above $115,000 could trigger a retest of $117,500 and possibly the $120,000.