Bitcoin saw an increase today, surpassing the significant $119,000 threshold, following a series of stable sessions that pushed prices beyond recent ranges and attracted new interest from major investors.
Related Reading
As per Coinglass data, BTC experienced a rise of approximately 2.50% over the past 24 hours and has increased by 8% over the last week. Market participants are closely monitoring trading activity and inflows to gauge the next potential movement.
Institutional Flows Fueling Momentum
Reports indicate that the leading cryptocurrency recorded a second consecutive day of substantial inflows, contributing $430 million into Bitcoin spot ETFs. This heightened demand sheds light on the surge in Bitcoin’s market capitalization, which has jumped from $870 billion to $2.34 trillion this year.
Experts suggest that consistent institutional purchasing is a major driving force behind the recent rally, and ongoing inflows could sustain this momentum.
$BTC/usdt DAILY$BTC breaking out of LTF consolidation @ $115k within the HTF ascending channel we’ve been in all of 2025
$130k is the ultimate breakout point and could lead to the cycle blow off top 🎯 pic.twitter.com/1J9rSc7BJO
— Satoshi Flipper (@SatoshiFlipper) October 1, 2025
Key Price Levels and Targets
Resistance areas are currently being challenged. Short-term obstacles are at $118,500 and $119,800, with a target close to $120k if buyers maintain control.
Analyst Satoshi Flipper highlighted that BTC seems to have established a base above the $115,000 mark, holding a higher time frame structure, indicating that a long-term breakout may target approximately $130,000.
Buyers have pushed the price above $118k, which is seen as an indicator of persistent demand above present levels.
On-Chain Indicators and Volatility
According to Coinglass, the trading volume increased by 12%, approaching $95 billion for the day, while Open Interest rose by 4.46% to $84 billion.
The Open Interest weighted funding rate registered at 0.0050%. Liquidations indicate rapid market movements: $157.08 million in positions were liquidated in the last 24 hours, with shorts contributing $136 million and longs $20 million.
A bullish MACD crossover has been confirmed on several timeframes, with the RSI at 58% — levels that suggest potential for further growth without indicating overheated conditions.
Seasonal Trends Boosting Optimism
Historically, October has shown strong performance, as seen in past data — “Uptober” typically exhibits an average gain of 20%. September saw a 5% rise, and the third quarter concluded with a 6% increase, according to Coinglass.
The average return for the fourth quarter has traditionally been substantial, around 78%, which has led to optimism among some market participants as they look ahead to the year’s final months.
While buyers are active, the upward path may encounter obstacles. A decisive move above $120,000 would signal potential new highs, while a retreat into liquidity clusters could prompt a swift pullback.
Related Reading
Market players are weighing on-chain flows, clear technical levels, and identified seasonal trends as they make their next strategic moves.
Featured image from Unsplash, chart from TradingView
