Bitcoin Tests $110K as Bulls Reclaim Momentum Ahead of Fed Event || Oct 20, 2025
Sunday rebound boosts technicals; liquidity data hints short-covering may fuel continuation
🪙 Crypto Market Overview
Bitcoin moved toward the $110,000 level as Sunday’s late-session rally helped secure a stronger weekly close. While market makers likely fueled part of the move, low open interest and limited retail buying indicate that much of the rise came from short covering rather than new bullish conviction.
News that the Federal Reserve will host a conference on Bitcoin and crypto payments added some optimism and brought fresh attention to the space, lifting sentiment slightly after last week’s volatility.
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