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Bitcoin Surges Past $116K: Rally or Correction Ahead?

10/29/2025

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Summary

Story summary

Bitcoin's price fluctuated above $115,000, peaking at $116,077 before falling to the mid $112,000s.
Traders expect a Federal Reserve interest rate cut on October 29, which may impact Bitcoin's price trajectory.
Analysts consider $113,000 a critical level; reclaiming it could trigger a rally toward $130,000–$144,000.
Open interest in Bitcoin options rose to $63 billion, reflecting bullish sentiment, despite warnings of a potential 50% correction.
Projections indicate Bitcoin could reach between $200,000 and $250,000 by 2025 amid growing institutional interest.

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Story summary

Bitcoin's price fluctuated above $115,000, peaking at $116,077 before falling to the mid $112,000s.
Traders expect a Federal Reserve interest rate cut on October 29, which may impact Bitcoin's price trajectory.
Analysts consider $113,000 a critical level; reclaiming it could trigger a rally toward $130,000–$144,000.
Open interest in Bitcoin options rose to $63 billion, reflecting bullish sentiment, despite warnings of a potential 50% correction.
Projections indicate Bitcoin could reach between $200,000 and $250,000 by 2025 amid growing institutional interest.