Bitcoin Price Forecast: Analysts Warn of Deeper Pullback as BlackRock Sells $2B of BTC

• Bitcoin is trading around $110,100 after BlackRock reportedly sold 18,000 BTC worth $2 billion.
• The Fed's 25 basis point rate cut is disappointing, as Powell's tone dampens risk appetite among cryptocurrencies.
• Analysts warn of a deeper pullback if the $109,000 support is not broken, with the target set at $106,000.

Bitcoin is hovering around $110,100 today, having fallen following reports that BlackRock sold approximately 18,000 BTC worth $2 billion following President Trump's new trade agreement with China. The sale coincided with a renewed decline in the cryptocurrency market, driven by traders' reaction to the Federal Reserve's smaller-than-expected rate cut (25 basis points) and Powell's less dovish stance.

BTC Netflows (Source: Coinglass)

This move comes as institutional activity becomes more cautious. Coinglass spot market data shows a net outflow of $59.7 million on October 30, continuing a two-week period of declining liquidity. Analysts note that a combination of profit-taking and macroeconomic uncertainty has set the stage for another test of the key technical support level near $109,000.

BTC tests triangle support amid weakening momentum

BTC Price Dynamics (Source: TradingView)

On the 4-hour chart, Bitcoin remains within a large symmetrical triangle that has formed since mid-October. The lower boundary of this structure is near $109,000, and the resistance level coincides with $113,000–$114,000, near the 100-day EMA. The 20-day, 50-day, and 100-day EMAs are tightly clustered between $111,900 and $112,200, forming a congestion zone that continues to hinder any upward attempts.

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A clear break of $109,000 will likely trigger a move to $106,800, a level that also coincides with the lower trendline from early October. A break of $114,000 will be the first signal of a resumption of growth, opening the way to $117,500. Currently, price action points to a consolidation trend with a downward trend.

A relative strength index (RSI) near 38 indicates weakening momentum and weak demand, consistent with traders' tendency to take profits amid macroeconomic uncertainty. The outlook remains neutral or bearish unless the index rises above 50.

Fed rate cut instead of easing sparked volatility

The Federal Reserve's 25 basis point rate cut didn't improve sentiment, as markets had already priced in a more aggressive stance. Maja Vujinovic, CEO of FG Nexus, said the reaction was unsurprising. “The cut was expected; it seemed perfectly obvious to me. Many participants in my cryptocurrency discussions were expecting a small rebound, but the market continues to fall,” she noted, adding that Powell's statements didn't provide traders with the clarity they were looking for regarding future policy decisions.

The muted reaction highlights that Bitcoin's short-term price direction is determined not only by interest rates but also by liquidity expectations. Powell hinted at no further immediate cuts, so risky assets are struggling to attract sustained bids.

BlackRock share sales add to pressure on institutional sentiment

🚨 BREAKING

BLACKROCK IS AGGRESSIVELY DUMPING BITCOIN AFTER TRUMP'S DEAL WITH CHINA.

THEY JUST SOLD $18,000 BTC WORTH $2 BILLION AND KEEP SELLING MORE EVERY FEW HOURS.

SHOULD WE EXPECT BAD NEWS TODAY?? pic.twitter.com/OCV0a9d9k1

— 0xNobler (@CryptoNobler) October 30, 2025

A viral post by market commentator @CryptoNobler reported that 18,000 BTC had been debited from BlackRock wallets in recent sessions. These transactions, tracked for several hours, represent one of the largest institutional sales since mid-year. The fact that this occurred immediately after Trump's trade agreement with China fueled rumors of a capital redistribution toward traditional assets benefiting from the geopolitical thaw.

While BlackRock hasn't confirmed this information, on-chain data is consistent with increased sales volumes from large wallets. The scale of the transactions, coupled with already cautious macroeconomic positioning, has undermined confidence in short-term price stability.

Technical Review: Will Bitcoin Rise?

The Bitcoin price outlook remains cautious at this time. The market structure favors consolidation within the current triangle, but downside risks exist if support fails to hold. A confirmed close below $109,000 could accelerate the decline to $106,000 before buyers return at favorable prices.

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To change sentiment, Bitcoin needs to break $114,000 and close above the 100-day EMA with clear volume confirmation. This would signal renewed institutional interest and likely trigger a rally to $118,000. Absent such a recovery, the market could continue to decline as traders shed the weight of global uncertainty.

Source: cryptonews.net