Hello everyone, let's go through some important information regarding Bitcoin recently.
Technical Analysis:
The 109,000 USD support level is a key point as FVG zones have appeared, and there has been a clear recovery response. If Bitcoin holds above this level, there is potential for it to continue rising, with nearby resistance levels at 110,000 USD and 112,000 USD. If these levels are broken, Bitcoin may expand its rally towards 115,000 USD. The candlestick chart currently shows positive reversal signals, and technical indicators are supporting the uptrend.
News Impact:
Several factors are influencing the market:
In conclusion, Bitcoin is showing signs of recovery if it maintains support at 109,000 USD. Factors such as inflation data, Fed policies, the risk of a government shutdown, ETF inflows, and the US Bitcoin reserve fund will all play a crucial role in shaping its upcoming trend.
Do you think Bitcoin could reach 112,000 USD in this recovery phase? Feel free to share your thoughts.
Technical Analysis:
The 109,000 USD support level is a key point as FVG zones have appeared, and there has been a clear recovery response. If Bitcoin holds above this level, there is potential for it to continue rising, with nearby resistance levels at 110,000 USD and 112,000 USD. If these levels are broken, Bitcoin may expand its rally towards 115,000 USD. The candlestick chart currently shows positive reversal signals, and technical indicators are supporting the uptrend.
News Impact:
Several factors are influencing the market:
- PCE Data and US Inflation: The August PCE showed a slight increase to 2.7%, higher than 2.6% in July. This indicates that inflation pressure isn't easing quickly, which could lead the Fed to maintain high interest rates. This may put short-term pressure on Bitcoin, but if subsequent data shows inflation isn’t accelerating, Bitcoin could maintain its bullish momentum.
- US Government Shutdown Risk: The market is closely watching the potential for a government shutdown on 1st October 2025. If this happens, investors might reduce their holdings in risky assets like Bitcoin. Conversely, if the situation is resolved, it could create a positive market sentiment.
- Large Liquidations in Derivatives: On 22nd September 2025, the crypto market saw more than 1.5 billion USD in long positions liquidated, creating significant volatility and driving Bitcoin down temporarily. However, as the liquidation wave subsides, it could present an opportunity for fresh capital to enter at support levels.
- Bitcoin ETFs and Coinbase Forecast: Bitcoin ETFs, such as BlackRock’s iShares Bitcoin Trust and Fidelity’s Fund, continue to attract institutional investment. Additionally, Coinbase CEO Brian Armstrong forecasts Bitcoin could reach 1 million USD by 2030, driven by clearer regulatory frameworks and increasing demand from financial institutions. This presents a long-term support factor for Bitcoin.
- US Strategic Bitcoin Reserve Fund: President Trump’s executive order to establish a national Bitcoin reserve fund has sparked new expectations. If implemented, this could provide a major catalyst for Bitcoin’s price as it becomes part of the strategic national reserves.
In conclusion, Bitcoin is showing signs of recovery if it maintains support at 109,000 USD. Factors such as inflation data, Fed policies, the risk of a government shutdown, ETF inflows, and the US Bitcoin reserve fund will all play a crucial role in shaping its upcoming trend.
Do you think Bitcoin could reach 112,000 USD in this recovery phase? Feel free to share your thoughts.
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Trade Gold, Forex, Bitcoin – the market moves fast, grab your edge today!
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.