Bitcoin price $111K support retest 'in progress' as RSI points higher

Key points:

• Bitcoin begins to find a local floor, with analysis highlighting several key lines in the sand.
• RSI signals demand upside continuation as longer timeframes remain in doubt.
• The Fed rate-cut decision begins to show in cooling US stocks’ performance.

Bitcoin (BTC) tested key resistance on Tuesday, with traders bullish on BTC price upside.

BTC/USD four-hour chart. Source: Cointelegraph/TradingView

Bitcoin price teases new highs next

Data from Cointelegraph Markets Pro and TradingView showed Bitcoin acting around $114,000.

After an impressive weekly close, BTC/USD consolidated gains during Monday’s Wall Street trading session.

Trader and analyst Rekt Capital noted two important support levels for bulls to reclaim: the 21-week exponential moving average (EMA) at $111,200 and $114,500 weekly close.

“Bitcoin has successfully Weekly Closed above both the 21-week EMA (green) and $114.5k (black),” he told X followers alongside a chart.

“Both $114.5k & EMA could get retested to confirm a reclaim to support. $BTC could achieve this via a volatile retest of $114.5k, wicking into the EMA below.”

BTC/USD one-week chart. Source: Rekt Capital/X

Rekt Capital subsequently confirmed that the required retest was now “in progress.”

“$BTC bounced back from its $113,500 support zone,” crypto investor and entrepreneur Ted Pillows added on the day.

“As long as Bitcoin holds this, we are going higher. If BTC loses this level, expect a correction towards the $110,000 level.”

BTC/USDT one-day chart. Source: Ted Pillows/X

Furthering the bulls’ cause was a hidden bullish divergence playing out on the low-time frame relative strength index (RSI).

The hourly chart showed RSI making a lower low while price sealed a potential higher low — an early signal that a short-term uptrend could continue.

As Cointelegraph reported, the higher-time frame RSI indicates trend exhaustion, with the indicator making successive lower highs while the price sets records.

BTC/USD one-hour chart with RSI data. Source: Cointelegraph/TradingView

Stocks futures halt gains as Fed meeting looms

Ahead of the week’s key macroeconomic event, the US Federal Reserve decision on interest-rate changes, stock futures showed signs of strain.

Related: BTC price eyes record monthly close: 5 things to know in Bitcoin this week

S&P 500 futures cooled prior to the Wall Street open, with risk assets typically seeing pressure into Fed rate meetings.

Pillows also noted that BTC/USD often puts in a local low on Tuesdays, leaving the door open for the support retest to continue.

$BTC usually peaks on Monday and bottoms on Tuesday.

This has been happening for a few months now.

Do you think it could happen again? pic.twitter.com/RsnRB4eZ5f— Ted (@TedPillows) October 27, 2025

Considering the broader picture, trading resource Mosaic Asset Company had little reason to doubt the risk-asset bull case.

“Evidence of economic growth is boosting the earnings outlook while loose financial conditions is a catalyst for more growth,” it wrote Sunday in the latest edition of its regular newsletter, The Market Mosaic.

“The prospect of the Fed cutting interest rates into a strong economic backdrop and already loose conditions is more fuel for the stock market rally.”

S&P 500 futures one-hour chart. Source: Cointelegraph/TradingView

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.