Key Takeaways:
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Bitcoin advanced above $111,000 on Monday, driven by improving macro conditions and a potential US-China trade deal.
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Technical analysis shows bull flags targeting $186,000-$192,000 BTC price in the coming weeks.
Bitcoin (BTC) rose above $111,000 at the start of the European trading session on Monday as improving macroeconomic conditions brought renewed investor confidence.
Macro data provides bullish cues on Bitcoin
Bitcoin price topped $111,430, up 4% in the last 24 hours and up 7.6% above a low of $103,530, according to data from Cointelegraph Markets Pro and TradingView.
Related: Bitcoin’s next rally will begin as soon as the OGS sale ends: analysts
Other top-cap cryptocurrencies have taken cues from bitcoin, with ether (Eth) up 4.6% to regain the key $4,000 level.
XRP (XRP), Solana (Sol), BNB (BNB) and dogecoin (Doge) up 3% to 5% in the past 24 hours. The global capitalization of the crypto market reached 4.6% to $ 3.78 trillion.
The latest rebound in Bitcoin was driven by improving macroeconomic conditions, including US president Donald Trump confirmation of a summit with China’s Xi Jinping on October 31.
The de-escalation of tensions and the growing chance of a trade deal between the US and China are positive price catalysts for cryptocurrencies.
Crypto prices have recently fallen from major macroeconomic headlines, including Trump’s China Tariffs announcement and mounting concerns about Involvement in US bad loan regions.
Meanwhile, market participants are pricing in a 99% chance of a 25-basis-point rate cut at the October 28-29 FOMC meeting, according to CME Group’s Fedwatch tool, which would lower rates to 3.75%-4%.
Fed chair Jerome Powell recently Hints at a possible end to quantitative easing (Qt) Soon, potentially by January 2026. This could release more liquidity, heralding a surge in 2021 crypto prices.
Bull Flags are in contact with BTC’s $190,000 price target
From a technical perspective, bitcoin’s latest rebound today follows a Bullish signal from RSI. As a momentum indicator Hit the lowest since April On the daily chart, it showed a clear bullish divergence on the four-hour chart, creating higher lows as the The BTC/USD pair hit 15-week lows at $103,500.
This is an indication that the seller’s pressure is disappearing, as Traders buy more on dips.
The The macro setup reinforced bitcoin’s strength On higher time frames, with the two-week chart revealing multiple bull flags projecting higher targets for BTC.
The first one is bigger Bull Flag That was formed between September 2023 and October 2024, as shown in the chart below. The flag, which was proven during the 2024 US Election Rally and is still in play at the time of writing. This banner has a measured target of $192,000.
The second bull flag formed between September 2024 and December 2024 and has a target of $186,000.
The third is a smaller flag and has been in place since March this year. This will be confirmed once the price breaks above the upper border of the flag at $115,000. Such a move would open the door for a rally towards the measured flag target at $192,000, which coincides with the targets above.
A similar, albeit more bullish, view is shared by analyst Mags, who said Bitcoin may continue to rise within an ascending channel on the weekly chart, peeking inside the $250,00-$290,000 area.
Fellow analyst Aksel Kibar has a more conservative target for Bitcoin, saying an inverse head-and-shoulders pattern is still in play with a measured target of $141,300.
Weekly scale chart, $ Btc Holds the neckline. Still range 109k-124k. pic.twitter.com/jzqwvo48ch
– Aksel Kibar, CMT (@techcharts) October 20, 2025
Count Cointelegraph reportedBitcoin’s weekly close above $108,000 is a clear sign that the Bulls are ready to continue the uptrend with the key support level being reclaimed.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should do their own research when making decisions.
