Bitcoin Price Prediction: BTC Holds Strong as Market Eyes Breakout

• Bitcoin holds $109K support, signaling resilience amid ongoing market volatility.
• Rising open interest suggests growing institutional confidence and bullish positioning.
• October’s strong inflows point to renewed accumulation and possible recovery momentum.

Bitcoin continued to consolidate near $110,000 on Friday, showing resilience despite ongoing volatility in the broader crypto market. The digital asset remains in a corrective phase within a larger bullish structure, as traders weigh whether recent inflows and rising open interest could mark the start of a renewed uptrend.

Buyers Defend $109,000 Support

Bitcoin’s 4-hour chart shows price action stabilizing above the $109,000 support area, which aligns with the Supertrend’s lower band. Holding this zone remains crucial for maintaining short-term structure. A drop below could invite further losses toward $…

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