FX168 Financial News Agency ( Asia-Pacific ) News On Friday ( October 18, 2025 ) Bitcoin continued the upward trend from earlier this week, briefly breaking through $116,000, reaching a new high in nearly three weeks. The latest economic data released by the United States shows that inflationary pressures have eased somewhat, while signs of a cooling job market have appeared. These factors have collectively reinforced market expectations for a shift in monetary policy, providing upward momentum for the Crypto Assets market. According to CoinGecko's data, this leading digital asset has risen by 1.5% in the past day, continuing the upward trend after breaking through the consolidation range earlier this week. Currently, Bitcoin is trading around $115,217, having previously surged above $116,300. Although Bitcoin has reached a near three-week high, the gains of other major crypto assets such as Ethereum, XRP, and Solana remain relatively modest. Meanwhile, Dogecoin and Hyperliquid have surged by 25% and 23% respectively over the past 24 hours, showcasing impressive performance. The analysis director of a certain Crypto Assets research institution stated to the media: "I believe that the price trend this week is mainly driven by the market's expectations of a possible shift in monetary policy, as the latest Producer Price Index data came in below expectations." **Market expectations for a shift in monetary policy are heating up** The latest economic data shows that the U.S. Producer Price Index (PPI) unexpectedly fell by 0.1% in August, marking the first decline in PPI since April. The data indicates that this was primarily driven by lower prices for raw goods (such as crude oil) and a retreat in service costs. Subsequently, data released by the statistical department shows that the Consumer Price Index (CPI) in August rose by 2.9% year-on-year, in line with expectations; the core CPI remained at 3.1%. The monthly CPI increased by 0.4%, higher than July's 0.2%, and also slightly above the expected 0.3%; core inflation rose by 0.3% month-on-month, in line with market estimates. At the same time, the number of initial jobless claims unexpectedly surged to a nearly four-year high, indicating that the job market is cooling down. These reports collectively strengthen the market's expectations that monetary policy may shift. Mild inflation data further strengthens the market's calls for a policy shift. Traders in the Polymarket predict that after the data release on Thursday, the likelihood of a policy shift has reached 88%. Meanwhile, the CME FedWatch tool shows that the probability of a significant policy adjustment has decreased, indicating that the policy path may lean towards a moderate adjustment rather than a radical shift. A co-founder of a well-known exchange pointed out that on October 16, the spot Bitcoin ETF recorded a net inflow of 757 million dollars, while the Ethereum fund saw an inflow of 172 million dollars. He stated that if another set of moderate inflation data is released, "it is very likely to accelerate the current risk appetite trend." **Gate Exchange holds an optimistic view on market prospects** As economic data is released, market attention shifts to potential future policy directions. Several seasoned market participants generally anticipate that monetary policy may undergo adjustments, and this outcome typically bodes well for Bitcoin and risk assets. The research director of a certain crypto options platform stated, "As expectations for policy adjustments heat up, the market is on the rise. Especially against the backdrop of weak job growth, the market anticipates that liquidity may improve." Bitcoin rebounded after falling to a low of $110,714 on Tuesday and broke through $114,000 early Thursday, reaching its highest level in nearly two months. According to SoSoValue data, the U.S. spot Bitcoin ETF recorded an inflow of $757.1 million on Wednesday, a two-month high. Since the beginning of this month, U.S. ETFs have accumulated holdings worth $1.39 billion in Bitcoin. Market analysts noted: "These fund inflows are primarily benefiting from positive news as economic data exceeded expectations." Gate.io's senior analyst shares a similar view. He stated that after the release of the latest economic data, the market has priced in the possibility of policy adjustments in the coming months. The analyst stated to the media: "We are more optimistic about the market outlook after the release of PPI and CPI data. Analysts expect that there may be policy adjustments in the coming quarters, which, if realized, would boost the prices of Crypto Assets. With the improvement in liquidity, we expect Bitcoin as a hedge tool to rise further." Experts point out that as key economic data is released this week, the market shows significant divergence: futures traders are paying more attention to Ethereum, while ETF investors are shifting their funds towards Bitcoin. Data from analysis firm Coinanalyze shows that the 24-hour futures trading volume for Ethereum reached $49.4 billion, surpassing Bitcoin's $42.9 billion. This surge in speculative interest in the second-largest Crypto Asset stands in stark contrast to the capital flow towards Bitcoin in the ETF space. Looking ahead, several analysts are optimistic about the market outlook. They believe that the downward price pressure has weakened, and on-chain data shows that the selling pressure from profit-taking has significantly decreased. Analysts from Gate.io also hold an optimistic stance, predicting that Bitcoin may reach new highs in the coming weeks, driven by continued inflows of ETF funds. **Bitcoin Technical Analysis** The price of Bitcoin has started a new round of bullish trend from the $111,200 range. BTC successfully broke through the resistance levels of $112,500 and $113,500. The bulls pushed the price above $114,000 and $115,000, with a peak reaching $116,298, before entering a consolidation phase. The price briefly retraced to below $115,800, but remains above the 23.6% Fibonacci retracement level of this rally from the low of $110,815 to the high of $116,298. Currently, the Bitcoin trading price is above $114,500 and higher than the 100-hour simple moving average. In addition, a rising trend line is forming on the BTC/USD hourly chart with a support level near $115,000. The immediate resistance in the upward direction is around 116,000 USD. The first key resistance level is around 116,200 USD. The next resistance may be at 116,800 USD. If it can close above 116,800 USD, the price may rise further. In this case, BTC is expected to challenge the resistance level of 117,500 USD. If it breaks through again, the price may rise towards 118,400 USD, and the next resistance zone for bulls is at 118,800 USD. If Bitcoin fails to break through the resistance zone of $116,200, it may trigger a new round of correction. Immediate support is at $115,000 and near the trend line. The first major support level is at $113,550, close to the 50% Fibonacci retracement level of the rally from $110,815 to $116,298. The next support area is around $113,000. If it falls further, the price may approach the support level of $112,500. Major support is at $110,500, and if it breaks below this level, BTC may experience a significant drop. Technical Indicators Hourly MACD: The MACD is accelerating in the bullish zone. Hourly RSI: The RSI for BTC/USD is currently above the 50 level. Main support levels: $115,000, followed by $113,500. Major resistance levels: $116,000, followed by $116,200.

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