Was Yesterday’s Rally to $114K a Scam Pump and What’s Next for Bitcoin?

Bitcoin is holding near the lower end of its recent trading range after facing rejection at the $114,500 ￰1￱ participants are now watching whether support around $108,000 can hold, as the price continues to move within a familiar ￰2￱ Trades Within a Defined Range Bitcoin has remained in a sideways pattern, with buyers active near $108,000 and sellers capping moves at $114,500. On the weekly chart, the price is now sitting near $108,136 after being rejected from the top of the ￰3￱ Rekt Capital said the current drop may still result in a higher ￰4￱ posted, #BTC Looks like $114.5k is resistance for the moment but this current rejection has scope to develop a new Higher Low on the Daily Overall, price continues to maintain the $108-$114.5k portion of its current Range $BTC #Crypto #Bitcoin ￰0￱ ￰5￱ — Rekt Capital (@rektcapital) October 22, 2025 He also noted that Bitcoin is retesting past monthly levels that acted as resistance in September and could now serve as ￰6￱ the drop, the overall structure has not broken down and remains consistent with broader ￰7￱ Hammer Appears Near Weekly Gap A potential inverted hammer has formed on the weekly chart, according to analyst ￰8￱ candle is taking shape just under a gap that spans from around $110,000 to $113,000.

The pattern suggests buyers stepped in after early-week selling, though confirmation depends on how the candle ￰9￱ explained , “If price begins filling that gap next week, it could mark a shift in momentum.” A close above the current level may suggest buyer interest is returning, while failure to hold could result in more sideways action near the lows.