Analyst predicts a new Bitcoin all-time high next week

Bitcoin ( BTC ) is showing signs of recovery on Monday, October 27, as the Crypto Fear & Greed Index climbed to 51 and turned neutral for the first time since President Trump initiated new tariff wars with China a couple of weeks ￰0￱ of the time of writing, the cryptocurrency is trading at $115,420, having advanced 2.60% in the past 24 hours, almost mirroring the 2.50% gain in the broader crypto ￰1￱ 24-hour price.) at $114,176. The $114,000 range also served as support, according to market analyst Ted Pillows, who now sees $118,000 as the next important target to keep an eye ￰2￱ “digital gold” surge past that mark, Pillows predicts, we might see a new Bitcoin all-time high (ATH) as soon as next week.

“Now, Bitcoin needs to reclaim the $118,000 zone, and a new ATH could happen in 1-2 weeks,” wrote Pillows on X. $BTC has fully reclaimed the $114,000 support zone. Now, Bitcoin needs to reclaim the $118,000 zone, and a new ATH could happen in 1-2 ￰3￱ — Ted (@TedPillows) October 27, 2025 Bitcoin volume will be crucial Elaborating further in the comments, Pillows stressed that volume confirmation will be the key to success, and that the $118,000 support zone must ￰4￱ press time, the daily trading volume sat at $59.45 billion, surging more than 140% and lending a lot of support to the bullish ￰5￱ analyst added that the price action “looks clean” and that the momentum is “still there,” but nonetheless admitted that an unfavorable macroeconomic twist could negatively impact the upward ￰6￱ Friday’s Consumer Price Index ( CPI ) print of +0.3% for the past month (vs. +0.4% expected) greatly boosted expectations of a Fed rate cut on October ￰7￱ now give it a 98% chance of happening, according to the cryptocurrency-based prediction platform ￰8￱ the weekend, a new U.

S.-China trade deal was also struck, temporarily halting new tariffs and easing some restrictions on rare earth ￰9￱ are therefore watching whether BTC can hold above $114,000 in the days leading to the next Fed meeting this Wednesday and the November 1 Washington-Beijing summit, which could set the tone for Pillows’s $118,000 range and thus a potential new all-time ￰10￱ image via Shutterstock