The post Are miners signaling the next breakout above $120K? appeared on BitcoinEthereumNews.com.

Summary Bitcoin price is consolidating near $115K as miner reserves stabilize, easing recent sell pressure and improving sentiment. Strength above $118K–$120K could trigger a breakout toward $125K–$130K on stronger miner profitability and on-chain activity. A drop below $110K risks renewed miner capitulation, weaker fees, and macro-driven downside pressure. Bitcoin price is consolidating around $114,000 as miner reserves stabilize, relieving one of the main causes of sell pressure observed in recent months. A significant change is now visible following the post-halving downturn that compelled miners to sell Bitcoin in order to pay for operating expenses; miner holdings have leveled out, and hashprice metrics are progressively improving. Bitcoin price market info Bitcoin price 1D chart | source: crypto.news Bitcoin is currently trading between $110K and $118K, with resistance at $120K, as of October 27, 2025.  Signs of accumulation from big on-chain wallets are consistent with the halt in the miner reserve reduction, which indicates less forced selling.  Additionally, transaction costs have somewhat improved, increasing miner profitability and enabling them to retain rather than sell their Bitcoin awards. The notion that improving miner economics can serve as a foundation for the next step upward has caused market sentiment to shift from neutral to bullish.  Traders are keeping a careful eye on whether Bitcoin (BTC) will regain momentum over critical resistance as global market liquidity conditions normalize and ETF flows hold stable. Potential positive impacts on Bitcoin price A technical breakout toward $125K–$130K, which were previously observed during the post-halving euphoria earlier this year, might be triggered by a persistent move over $118K–$120K.  Strengthening the hashprice, or the amount of money miners make per unit of processing power, could help reduce structural sell pressure.  Higher fee money is also being generated by growing on-chain activity and Layer-2 adoption, which gives miners more leeway. Downside…

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Filed under: News - @ October 27, 2025 10:28 pm