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Bitcoin’s (BTC) value rose above the shifting common strains, reaching $121,106.
Bitcoin value long-term prediction: bullish
On September 29, the Bitcoin value moved above the shifting common strains and remained above them. On September 30, the cryptocurrency retested the 21-day SMA help and stayed above the shifting averages.
Right this moment, bullish momentum has pushed the worth to a excessive of $121,106, approaching the $124,000 barrier. If consumers break by way of the $124,000 resistance, the most important cryptocurrency may rise to a excessive of $141,000. In any other case, Bitcoin can be pressured to commerce inside a variety above the shifting common strains however under the $121,000 excessive, the place the BTC value beforehand didn’t advance. In the meantime, the worth is struggling to remain above the $120,000 help degree.
Technical indicators
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Key provide zones: $120,000, $125,000, $130,000 -
Key demand zones: $100,000, $95,000, $90,000
BTC value indicator evaluation
BTC’s value is above the horizontal shifting common strains. The 21-day SMA is above the 50-day SMA, indicating a bullish development. The value bars on the 4-hour chart are above the upward-sloping shifting common strains. The value bars have elevated considerably to the upside.
BTC/USD day by day chart – October 3, 2025
What’s the subsequent transfer for BTC?
Bitcoin’s value has risen above the shifting common strains, reaching a excessive of $121,000. Right this moment, the Bitcoin value is declining after failing to maintain its bullish momentum above the $120,000 mark. BTC is at the moment buying and selling in a slender vary between the $119,000 help and the $121,000 excessive. The bullish rise will start if consumers break by way of the $120,000 mark.
BTC/USD 4-hour chart – October 3, 2025
Disclaimer. This evaluation and forecast are the private opinions of the creator. The information offered is collected by the creator and isn’t sponsored by any firm or token developer. This isn’t a advice to purchase or promote cryptocurrency and shouldn’t be considered as an endorsement by Coinidol.com. Readers ought to do their analysis earlier than investing in funds.
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