{"id":177450,"date":"2025-09-29T11:51:09","date_gmt":"2025-09-29T11:51:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/177450\/"},"modified":"2025-09-29T11:51:09","modified_gmt":"2025-09-29T11:51:09","slug":"bitcoin-price-action-steadies-above-110k-will-october-set-up-the-next-ath","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/177450\/","title":{"rendered":"Bitcoin price action steadies above $110K \u2013 Will October set up the next ATH?"},"content":{"rendered":"

\t\t\t\t\t\t\t\tKey Takeaways
\nWhy is Bitcoin holding $110k important now?<\/p>\n

It signals resilience, with Funding Rates at 0.006 and potential $301 million short liquidations on CEXs.<\/p>\n

What\u2019s next for BTC price action?<\/p>\n

Reclaiming SMA200 at $113,691 could unlock $118,941 resistance, with upside paths targeting $120k\u2013$140k by October.<\/p>\n

After holding below $110k for two days, Bitcoin [BTC]<\/a> successfully reclaimed it and jumped to $112k before slightly retracing.\u00a0<\/p>\n

At the time of writing, BTC was trading at $111,832, representing a 2.21% daily increase. On the weekly chart, it slipped 1.12%.<\/p>\n

Despite volatility, market sentiment appeared to stabilize.<\/p>\n

Market sentiment holds steady<\/p>\n

Interestingly, while Bitcoin has recently faced challenging weeks, market participants are yet to turn overly bearish.\u00a0Inasmuch as so, the Fear and Greed Index registered 50 at press time, signaling neutrality.<\/p>\n

\"Bitcoin<\/a><\/p>\n

Source: Bitbo<\/p>\n

As such, most market influencers shared an optimistic view of the market in the coming days. Thus, social media posts emphasizing the need to defend $110k surged.<\/p>\n

Crypto Rover<\/a> shared one such post. He posited that Bitcoin must hold above $110k-$112k, which will set the market for an upswing.\u00a0<\/p>\n

At the same time, others such as Trending Bitcoin<\/a> also shared long-term projections, eyeing a rally between $160k-$170k.\u00a0<\/p>\n

These social media posts indicate that Bitcoin will rebound if key support levels hold, with October resulting in more gains.\u00a0<\/p>\n

\"Bitcoin<\/a><\/p>\n

Source: Trending Bitcoin on X<\/p>\n

Futures hint at a short squeeze<\/p>\n

While influencers eyed rallies, Futures markets signaled recovery. BTC\u2019s Funding Rates turned positive on the 29th of September after two negative sessions.<\/p>\n

\"Bitcoin<\/a><\/p>\n

Source: CryptoQuant<\/p>\n

As of press time, the Funding Rate was 0.006, suggesting that investors\u2019 long positions had recovered significantly.\u00a0 <\/p>\n

If the demand for longs holds, it will result in significant upward pressure on the BTC price. If it does, the short will get liquidated.\u00a0<\/p>\n

If BTC retests $113k, cumulative short liquidation intensity on major CEXs could reach $301 million, fueling momentum toward $120k.<\/p>\n

\"Bitcoin<\/a><\/p>\n

Source: CoinGlass<\/p>\n

Buyers gain ground on CEXs<\/p>\n

Even more importantly, investors on centralized exchanges (CEXs) had turned bullish. According to Axel Adler<\/a>, Bitcoin\u2019s 30-day Netflow remained negative at -170k BTC.<\/p>\n

\"Bitcoin<\/a><\/p>\n

Source: CryptoQuant<\/p>\n

This implied that 170k BTC had flowed out of exchanges compared to inflows. When outflows exceeded inflows, buyers dominated.<\/p>\n

Historically, negative Netflow aligned with reduced selling pressure, often preceding higher prices.<\/p>\n

Bitcoin price action \u2014 Key levels!<\/p>\n

According to AMBCrypto\u2019s analysis, BTC experienced a shift in sentiment, with bulls dominating the CEXs and Futures market.<\/p>\n

Therefore, these market conditions position BTC in a favorable position for more gains in the days to come. It must first reclaim the 200-day SMA at $113,691 and the Bollinger Band at $114,003.<\/p>\n

\"BTC<\/a><\/p>\n

Source: TradingView<\/p>\n

Breaking these levels would set up a test of $118,941, the Bollinger upper band. Sustained strength could push BTC toward $123,852.<\/p>\n

If October follows historical Q4 trends, BTC could target a new ATH, with $130k as a base and $140k as the bullish case.<\/p>\n

\t\t\t\t\t\t\t\t\t\t\tNext: Ethereum and Bitcoin ETFs bleed $1.7B as investor nerves kick in \u2013 Why now?<\/a>\t\t\t\t\t\t\t\t\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"Key Takeaways Why is Bitcoin holding $110k important now? It signals resilience, with Funding Rates at 0.006 and…\n","protected":false},"author":2,"featured_media":177451,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[1095,64,63,99],"class_list":{"0":"post-177450","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-ambcrypto","9":"tag-au","10":"tag-australia","11":"tag-business"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/177450","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=177450"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/177450\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/177451"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=177450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=177450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=177450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}