Bitcoin Price Tops $115K Then Tests $111K, Dipping 0.38%
Between October 28 and 30, Bitcoin price briefly broke through critical resistance levels on the OKX trading platform. On October 28, BTC surged past $115,000, reaching $115,079.20 for a 0.10% daily gain. Two days later, it tested the $111,000 mark, hitting $111,090.50 before dipping 0.38% intraday. Traders are closely watching the $115,000 and $111,000 thresholds as key resistance points. Holding above $110,000 could bolster further upside, while a break below may trigger sideways trading or pullbacks. Market sentiment remains cautious. Bitcoin price volatility at these levels suggests limited momentum, prompting traders to use these thresholds for short-term bullish or bearish strategies.
Neutral
Bitcoin’s brief surges above $115,000 and $111,000 reflect trader interest at key levels, but the marginal 0.10% gain and 0.38% dip highlight limited momentum. Short-term traders may view the breakouts as entry signals, yet the quick pullbacks point to consolidation. Without a sustained close above the resistance levels, the market is likely to trade sideways. Long-term outlook depends on whether Bitcoin price can reclaim and hold these thresholds to confirm bullish trend continuation.