Bitcoin News Today: Bitcoin Traders Eye $112K–$118K Range as Fed Inflation Data Looms (Sept. 22, 2025)

Key Takeaways:Bitcoin is consolidating around $116K, with key levels at $112K support and $117.2K–$118K resistance.Traders expect volatility this week as the Fed’s PCE inflation gauge and multiple Fed speeches hit markets.A breakout above $117K could open the door to a new rally, while failure risks a deeper correction before Q4.Bitcoin Holds at $116K Into Weekly CloseBitcoin (BTC) hovered just below $116,000 on Sunday, keeping traders focused on critical support and resistance zones heading into a new week packed with macroeconomic events.Data from TradingView shows BTC wedged between $114,000 support and $117,200 resistance, a range that has defined price action in recent sessions.Trader Rekt Capital highlighted that the $114K retest as support remains intact, but warned that the real test lies at $117.2K. “We’ll soon find out how strong resistance $117.2K really is,” he said.Fellow analyst Daan Crypto Trades identified a wider band between $112K and $118K as the decisive range for short-term moves. “It’s the 4th weekend in a row of very little volatility,” he noted, with no CME futures gap left to fill.Market Awaits Fed-Driven VolatilityTraders expect a shift away from the quiet weekend as fresh U.S. macro catalysts arrive. The Federal Reserve’s preferred inflation gauge, the PCE index, is due Friday, alongside speeches from Chair Jerome Powell and several Fed officials.Last week, the Fed delivered its first rate cut of 2025 but kept markets cautious by emphasizing a data-dependent stance.“We have another busy week ahead,” The Kobeissi Letter wrote, pointing to the PCE release and Fed commentary as potential volatility triggers.CME FedWatch Tool data shows markets are pricing in a 92% probability of another 25-basis-point cut on Oct. 29, which could add fuel to liquidity-sensitive assets like Bitcoin.Breakout or Breakdown?BTC’s consolidation around $116K has traders split. Some see a rally if bulls push above $117K–$118K, while others warn that failure could lead to a dip toward $112K before a Q4 recovery.“The plan will be a dump followed by a rally in Q4 if resistance holds,” investor Ted Pillows suggested.With Fed policy and inflation data in focus, Bitcoin’s next major move may depend less on technicals and more on macro catalysts in the week ahead.