Bitcoin Latest Updates: Miners and Federal Reserve Decisions Play Crucial Roles in Bitcoin’s Path to $130K

Bitcoin has been trading steadily around $115,000, with miner reserves stabilizing and on-chain indicators improving, which has helped reduce selling pressure. This has led to speculation that a move above $120,000 could set off a rally toward the $125,000–$130,000 range. Experts point to a mix of macroeconomic events, technical signals, and growing institutional interest as key factors for Bitcoin’s next direction, while the Federal Reserve’s upcoming rate announcement and developments in U.S.-China trade are expected to add further market swings.

Recent trends in Bitcoin suggest miners are changing their approach, as reserves have leveled off following months of selling to manage costs after the halving, according to a

. This shift has eased persistent selling, and higher transaction fees along with greater Layer-2 adoption have improved miners’ earnings, the analysis stated. Blockchain data also points to “strategic accumulation,” with ETFs drawing in $149 million in net inflows on October 27, marking the third straight day of institutional buying, as highlighted. Additionally, Binance’s Spot-to-Perpetual Volume Ratio remains high, indicating ongoing spot market interest, according to the same Yahoo report.

Technical indicators reveal important price levels. The 50-day EMA for Bitcoin, currently at $114,250, is seen as a significant resistance point for short-term bullish momentum, as noted in

. If Bitcoin can hold above the $118K–$120K range, it could spark a move toward $125K–$130K, a zone last reached during the post-halving surge, according to Crypto.news. On the other hand, falling below $110K could lead to renewed miner selling and increased macroeconomic pressure, the same analysis warned. The RSI has bounced back from oversold territory, and Chaikin Money Flow data shows a balance between inflows and outflows, suggesting the market is consolidating before a possible breakout, the Yahoo report observed.

Macroeconomic conditions are also playing a major role. The Federal Reserve is widely anticipated to lower rates by 25 basis points on October 30, with more cuts expected in 2025, according to Yahoo. Dovish remarks from Fed Chair Jerome Powell, including hints at ending quantitative tightening, could increase liquidity and investor risk appetite. Meanwhile, signs of easing trade tensions between the U.S. and China, along with the possibility of a Trump–Xi trade agreement ahead of the APEC Summit, have improved the outlook for reduced geopolitical risks, as reported by

.

Nevertheless, certain risks remain. Derivatives data shows lower leverage and balanced open interest, but a decline below $109K could prompt a retest of the crucial $104.5K demand area, the Yahoo report cautioned. On-chain activity is subdued, with fewer transactions and active addresses, indicating a period of consolidation, the same Yahoo report noted. Furthermore, any unexpected hawkish moves from the Fed or setbacks in U.S.-China talks could cause sharp market reversals, according to a

.

Overall, market sentiment remains cautiously positive. Bitcoin ETFs have seen renewed inflows, totaling $446 million last week, as reported by KuCoin. Institutional investors, including

and Strategy, have increased their holdings, according to KuCoin. Analysts such as Geoff Kendrick from Standard Chartered point to the rising bitcoin-gold ratio as a bullish indicator, with continued ETF inflows likely to reinforce Bitcoin’s upward path.

Looking ahead, Bitcoin’s trajectory will depend on sustained ETF investments, a rate cut from the Fed, and ongoing on-chain accumulation. If these elements come together, Bitcoin could aim for $130K by the end of the year. However, a drop below $110K would renew worries about miner stability and broader economic challenges.