BTC/USD Forecast: Pulls Back as Fed Uncertainty Weighs on Price – 30 October 2025
Bitcoin retraced early Wednesday gains as traders remain cautious around Fed policy direction, with key support at $110,000 and resistance near $120,000.

Bitcoin retraced early Wednesday gains as traders remain cautious around Fed policy direction, with key support at $110,000 and resistance near $120,000.
EUR/GBP has broken key resistance at 0.8750 and is targeting 0.89, fueled more by persistent GBP weakness than strong euro demand, with a pullback offering potential long entries.
Crude oil is consolidating below $62, with supply-heavy fundamentals and macroeconomic risks capping upside, while a drop toward $58.50 remains a plausible scenario.
The Canadian dollar saw short-term strength after the BoC rate cut, but USD/CAD remains poised for a bullish breakout above 1.40 if FOMC guidance favors the greenback.
The FTSE 100 continues its bullish breakout, driven by a weaker pound and expectations of Bank of England rate cuts, with 10,000 as the next key target.
The Canadian dollar rallied post-BoC, but CAD/CHF remains in a strong downtrend, with resistance near 0.58 offering a potential short entry targeting 0.5625.