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The Bitcoin worth edged down a fraction of a p.c prior to now 24 hours to commerce at $124,517 as of three:37 a.m. EST as Technique’s Michael Saylor indicated he’ll pause shopping for BTC.
In an X submit on Oct. 5, Saylor advised his followers that there could be “no new orange dots this week,” indicating Technique wouldn’t be shopping for Bitcoin this week.
No new orange dots this week — only a $9 billion reminder of why we HODL. pic.twitter.com/P84m14WF3G
— Michael Saylor (@saylor) October 5, 2025
The agency’s final pause was again in July. Nonetheless, the corporate reaffirmed that its BTC acquisition technique stays certainly one of long-term accumulation, even when it often takes breaks round earnings or market adjustment.
Bitcoin ETF Inflows Soared Final Week
In the meantime, US spot ETFs drew in $3.24 billion final week, marking their second-highest week of inflows since launching in January 2024.
In keeping with SoSoValue knowledge, solely the week ending Nov.22, 2024, noticed increased inflows of $3.38 billion.
This comes as Bitcoin hit a brand new all-time excessive (ATH) of $125,506 on the weekend, in response to CoinGecko.
Bitcoin Value Motion Reveals Bullish Continuation Inside Rising Channel
The BTC worth on the 3-day chart reveals a well-defined uptrend, characterised by a powerful rising channel sample that has contained BTC for a number of months. The channel highlights persistently increased highs and better lows, a basic signal of bullish market construction.
At current, the Bitcoin worth is buying and selling close to $124,500, sustaining momentum close to the higher half of the channel after rebounding strongly from the midline.
The value of BTC discovered current help across the $110,000 zone, coinciding with the 50-day Easy Transferring Common (MA), suggesting that patrons stay firmly in management every time the asset dips into this area.
Historic resistance, as soon as discovered round $115,000, has now become a help zone, reinforcing bullish conviction.
In the meantime, the broader market sample signifies that BTC has efficiently defended the earlier accumulation vary close to $100,000, marked in inexperienced, and has since transitioned into an growth part.
The longer-term uptrend stays intact so long as the 200-day Easy Transferring Common (SMA), at present sitting close to $84,700, continues its regular incline beneath the value.
Furthermore, the Relative Power Index (RSI) stands at 62.65, comfortably above the impartial 50 mark however not but in overbought territory. This implies that momentum stays constructive, with Bitcoin having sufficient room to rise earlier than hitting situations of extreme shopping for strain.
On the MACD (Transferring Common Convergence Divergence), the blue MACD sign line has crossed above the orange sign line, producing a contemporary bullish crossover. The histogram has flipped into constructive territory, reinforcing the argument that momentum is tilting again in favor of patrons.
BTC Aiming For The $130,000 Degree
Given the present confluence of bullish indicators, BTC seems poised to take care of its upward momentum.
If the Bitcoin worth continues respecting the decrease boundary of the channel, the subsequent possible upside is at $130,000, the place resistance from the higher channel line is more likely to seem.
Nonetheless, if the value of Bitcoin breaks above that resistance decisively, the rally might lengthen towards the $135,000 area.
On the draw back, a detailed under $111,000 might sign short-term weak spot, doubtless pushing Bitcoin to the decrease help at $87,714.
The bearish outlook is supported by Ali Martinez on X, who says {that a} BTC sell-off might be underway.
A spike in profit-taking might be beginning because the TD Sequential flashes a promote sign on Bitcoin $BTC. pic.twitter.com/lNN7w2xTMq
— Ali (@ali_charts) October 6, 2025
In the meantime, Litecoin founder Charlie Lee stated that traders can purchase BTC and sit on it.
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