BTC Needs $117,200 Reclaim or Risks Retest Toward $113,600, Says Analyst

Bitcoin hovers at a make-or-break point as $117,200 could spark new highs while $113,600 risks deeper pullbacks.

Analyst Ted says BTC needs clear confirmation, with resistance and support shaping whether momentum continues or stalls.

FractionAI emerges as a fresh alternative to big tech dominance, giving users ownership and fairness in decentralized AI.

Bitcoin trading has reached a critical stage as analysts closely track support and resistance levels shaping near-term direction. On the chart BTC trades at $115,788.19, slipping $130.10 in the past day

Analyst Ted on X stressed, saying, “$BTC's path is very clear from here. Either a daily reclaim of $117,200 for a new ATH. Or a retest of $113,600 or lower before reversal. I'm not a bear, but I just want confirmation now.” His view highlights Bitcoin’s delicate balance between bullish recovery and deeper pullbacks.

Ted submitted a daily chart that shows Bitcoin locked in specific ranges from July to October. While $113,067.28 provides intermediate support, $123,321.96 and $117,177.52 serve as resistance

Near $105,100.19, a wider support zone emerges, indicating a trading safety net. As a result, these levels establish distinct indicators for the subsequent breakthrough or breakdown.

Consolidation and Technical Outlook

Bitcoin’s market structure reflects volatility and consolidation phases. July set early ranges, August brought heavy swings, and September showed consolidation near $113,067.28

Besides, technical arrows on the chart project possible upward momentum toward higher resistance levels. Consequently, the outlook remains bullish if BTC holds above support zones.

Volume analysis confirms this view. Intense trading spikes appeared during sharp movements, while red and green candlesticks marked shifting market sentiment. Moreover, current price action still respects established ranges, keeping investors alert for a decisive move.

Ted Expands on AI and Decentralization

Ted also discussed his thoughts on AI outside of Bitcoin. According to him, companies with combined market values of over $8 trillion, such as Amazon, Alphabet, and Microsoft, hold centralized power. Such dominance, he cautioned, restricts transparency, exacerbates algorithmic bias, and excludes smaller developers.

However, he highlighted FractionAI as a decentralized alternative. The project raised $6 million from Borderless Capital and Spartan Group. Additionally, FractionAI introduces reinforcement learning where AI agents self-train in transparent ecosystems.

Its $FRAC token enables ownership, governance, and fair participation. Partnerships, including Verasity’s blockchain ads, strengthen its inclusivity narrative.

Bitcoin tests pivotal levels while AI debates expose centralization risks. Both stories reflect power struggles shaping future technology and finance.

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