#BTC Bitcoin News Today: Bitcoin Eyes Record Monthly Close as AI Predicts $125K Rally, FOMC Rate Cut Looms:

Key Takeaways:
Bitcoin rebounds to $116,000, reclaiming key technical levels.

FOMC rate cut expectations drive optimism across markets.

AI model predicts a move toward $125,000 before month-end.

Short-term holders return to profit as Uptober turns green.

Traders still divided over whether the bull market is back.

Bitcoin Rebounds Above $114,000 Ahead of FOMC Week

Bitcoin (BTC) started the final week of October with a sharp rebound, climbing to $114,500 by the weekly close and reclaiming the 21-week EMA, a critical technical level for sustaining upward momentum.

Analyst Rekt Capital highlighted that BTC has a chance to flip its September highs into new monthly support, noting that the broader market structure remains within a long-term consolidation range.

However, some traders remain skeptical. Analyst Roman warned that low trading volume and bearish RSI divergences may indicate an upcoming head-and-shoulders reversal if BTC falls below $109,000.

Markets Eye Fed Decision and US-China Trade Developments

This week’s Federal Open Market Committee (FOMC) meeting is the key macro event, with markets pricing in a 95% probability of a 0.25% rate cut, according to the CME FedWatch Tool.