Bitcoin Maintains Above $113,500 Support, Signals Upward Movement; Break Below Could Target $110,000

COINOTAG News reported on October 28 that crypto analyst @TedPillows assigns a near-term support for Bitcoin at $113,500. He argues that as long as BTC trades above this level, the path of least resistance favors an upward move in price. A break below the threshold, however, could open a measured retracement toward the $110,000 zone, where buyers and liquidity may re-emerge.

Traders should contextualize this within broader market dynamics, including BTC/USD price action, on-chain signals, and macro developments. The analyst’s view represents a single scenario among many, not a guaranteed outcome, and prudent risk management remains essential for positions near important support levels.