Bitcoin price prediction: BTC stuck between $116k and $110k amid Fed cut hint

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Sholanke Dele

16.10.2025

Bitcoin price prediction: BTC stuck between $116k and $110k amid Fed cut hint — Bitcoiners eye possible Fed easing

Bitcoin [BTC/USD] price on Thursday, October 16, is showing mild gains near $111,000 in the European session after five days of consolidation.

Price has been confined within a narrow range between $116,000 resistance and $110,000 support since last week’s sharp liquidation event triggered by renewed U.S.-China trade tensions. This consolidation shows that the market has yet to establish a clear direction as traders weigh macro uncertainty against potential monetary easing from the Federal Reserve.

- Bitcoin trades near $111,000 after five-day consolidation between $116,000 and $110,000 levels.

- RSI readings stay bearish while falling volume reflects weak trader participation this week.

- Powell’s rate cut hint could spark renewed buying and breakout above $116,000.

During the past two days, Bitcoin has recorded consecutive losses. Tuesday’s decline originated from the 50-day EMA, while Wednesday’s rejection came from the 100-day EMA. Those repeated failures to break higher have kept Bitcoin confined within a descending structure on lower timeframes. The technical setup indicates that sellers are still in control of short-term momentum even though volatility has cooled.

Bitcoin price dynamic (Aug - Oct 2025). Source: Tradingview

As of today, trading volume has continued to thin out since the previous day’s close, reflecting reduced participation as traders stay cautious in the face of unresolved tariff tensions between the United States and China. The consolidation range has turned into a battleground for sentiment, where any macro headline could serve as a trigger for a breakout. The 100-day EMA at $113,500 continues to serve as the immediate resistance to any recovery attempt, while the broader EMA alignment across intraday charts still exerts pressure on price.

Fed rate cut speculation offers near-term hope, but sellers still control short-term

From a momentum perspective, Bitcoin’s RSI readings on both the daily and 4-hour charts are still in bearish territory but not yet oversold. This leaves room for additional downside before any potential rebound attempt. The week-to-date performance is showing a loss of 3.7%, and the month-to-date loss has widened to 2.6%.

However, on the fundamental front, traders are closely monitoring signs of monetary easing after Federal Reserve Chair Jerome Powell hinted that another rate cut may be considered at the end of October’s FOMC meeting. Such expectations could eventually improve sentiment toward Bitcoin and other risk assets.

If traders start pricing in rate cuts over the coming sessions, Bitcoin may attempt to reclaim the upper boundary of its consolidation range near $116,000. A breakout above that level could reverse the month-to-date losses and signal that market confidence is gradually rebuilding after last week’s liquidation-driven setback.

We discussed Bitcoin dropping 1% to $112,000 after rejection from the 100-day EMA resistance zone. Tariff tensions between China and the U.S. sparked renewed bearish sentiment across crypto markets.

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