Bitcoin Price Forecast: JPMorgan Crypto Market Changes, Polymarket Rates Fuel $116K Target Talk

• Bitcoin price is holding at $111,700 today after bouncing off the $108,000 support and testing the EMA squeeze.
• JPMorgan will accept Bitcoin and Ethereum as collateral for loans, which will increase trust in the institution.
• Polymarket traders forecast BTC consolidation around $110,000–$112,000 with breakout targets at $116,000–$119,000.

Bitcoin (CRYPTO: BTC) is hovering around $111,700 today, continuing its recovery after defending a key support level near $108,000 earlier in the week. Market sentiment has turned cautiously optimistic as traders position themselves for institutional news and a tightening supply on exchanges.

Bulls hold $108,000 amid intensifying technical squeeze

BTC Price Analysis (Source: TradingView)

Bitcoin rebounded strongly from the 200-EMA near $108,200, a zone that coincides with the July bottom and the area of the previous breakout. On the daily chart, the price is stuck between the 20-EMA at $111,800 and the 50-EMA at $113,300, forming a compression zone often seen before a directional move.

The dynamics remain neutral but constructive. A sustained close above $113,500 could open targets in the $116,200 and $119,000 regions, where the supertrend will reverse. Failure to hold above the short-term moving averages will trigger a retest of the $108,000 low.

Traders are closely monitoring this cluster as volatility declines – a breakout of this range will likely determine Bitcoin's price action in November.

Currency outflow indicates a contraction in supply

BTC Netflows (Source: Coinglass)

Coinglass data shows a net outflow of $12 million from centralized exchanges on October 25. While modest, this trend continues a broader pattern of withdrawals through October, signaling that market participants are preferring custody to trading.

Periods of sustained negative net outflows have historically coincided with phases of accumulation and price stabilization. Recent data confirms that selling pressure remains limited, despite declining liquidity on exchanges.

The ongoing reduction in available supply is fueling Bitcoin's current price volatility, setting the stage for stronger gains if momentum resumes.

JPMorgan: Collateral Creates Institutional Tailwind

JPMorgan plans to allow institutional clients to use Bitcoin and Ethereum as collateral for loans by the end of 2025 pic.twitter.com/sF8UWjZQ9O

— Messari (@MessariCrypto) October 24, 2025

Sentiment was further boosted by news that JPMorgan Chase will allow clients to use Bitcoin and Ethereum as collateral for secured loans by the end of the year. This scheme, backed by third-party custodianship, expands on the bank's previous policy of accepting cryptocurrency-linked ETFs.

This event marks a symbolic shift for Wall Street. CEO Jamie Dimon, long critical of Bitcoin, acknowledged investor demand despite his personal skepticism. For the market, this move confirms digital assets' status as part of traditional finance and places Bitcoin on par with stocks and Treasuries on institutional balance sheets.

Other major banks, including Morgan Stanley, State Street, and BNY Mellon, have already expanded similar programs, a trend accelerated by the Trump administration's more relaxed cryptocurrency regulation.

Polymarket traders expect a range of $110,000–$112,000.

Polymarket's BTC Price Forecast for October 26 (Source: Polymarkets)

Polymarket data reflects traders' short-term expectations: the probability that Bitcoin will close in the $110,000 to $112,000 range on October 26 is 52%. Another 36% of open positions suggest a close in the $112,000 to $114,000 range.

Prices indicate that traders are leaning toward consolidation rather than a breakout, which is consistent with the technical picture on the daily chart. Despite limited confidence in the upside, the trend toward higher ranges reflects underlying confidence that the $108,000 baseline will hold.

Outlook: Will Bitcoin Rise in Price?

Currently, the Bitcoin price forecast remains balanced within a narrow range. A clear close above $113,500 would confirm short-term bullish momentum, opening the way to $116,200–$119,000. Strong resistance within the exponential moving average (EMA) cluster would instead keep the price in the $110,000–$112,000 range.

If the price breaks below $108,000, sellers may retest $104,000 or the long-term trend line near $100,000.

BTC Price Prediction Table (October 26, 2025)

Source: cryptonews.net