{"id":36279,"date":"2025-10-01T13:50:29","date_gmt":"2025-10-01T13:50:29","guid":{"rendered":"https:\/\/financialrush.com\/?p=36279"},"modified":"2025-10-01T13:50:29","modified_gmt":"2025-10-01T13:50:29","slug":"bitcoin-reclaims-116k-bullish-setups-hint-at-huge-q4-rally","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=36279","title":{"rendered":"Bitcoin Reclaims $116K: Bullish Setups Hint at Huge Q4 Rally"},"content":{"rendered":"

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Bitcoin is trading near $116,500 with a 24-hour volume of $61.5 billion. The asset has posted 3% gains over the past day and week.<\/p>\n

Several analysts are pointing to bullish chart setups that could open the way for higher levels if confirmed.<\/p>\n

Inverse Head and Shoulders Forms on 4-Hour Chart<\/h2>\n

Trader Tardigrade posted a chart showing Bitcoin shaping an inverse head and shoulders pattern (iH&S). This pattern features three troughs, with the middle one lower than the others, and is often tracked as a bullish reversal structure.<\/p>\n

The neckline sits between $114,400 and $114,800, acting as resistance. Bitcoin is now testing that zone. A move above it with follow-through would complete the formation. Trader Tardigrade remarked,<\/p>\n

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$BTC<\/a>\/4-hour
\nHow can you not be bullish when you see this classic bullish chart pattern on #Bitcoin<\/a> chart?
\nKey level to watch for a breakout pic.twitter.com\/8EgvVQIzdp<\/a><\/p>\n

\u2014 Trader Tardigrade (@TATrader_Alan) October 1, 2025<\/a><\/p>\n<\/blockquote>\n

Moreover, analyst Lennaert Snyder noted Bitcoin\u2019s trading range within a symmetrical triangle on the daily chart. The narrowing range signals compression ahead of a decisive move. Yesterday\u2019s close added momentum, raising the chance of a test at $115,700.<\/p>\n

Key resistance sits at $119,200. A breakout above this level could trigger a new all-time high. Snyder explained<\/a>,<\/p>\n

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\u201cAbove $119,200 = new ATH imo. Lose $108,900 and $105,000 is next.\u201d<\/p>\n<\/blockquote>\n

A breakdown below those supports could point toward the $100,000 region.<\/p>\n

\"Bitcoin<\/a>
Source: Lennaert Snyder\/X<\/figcaption><\/figure>\n

Ascending Channel Points to $124K and Beyond<\/h2>\n

Jonathan Carter highlighted Bitcoin\u2019s move within an ascending channel since May. BTC recently rebounded from channel support and climbed back above the 50-day moving average near $113,500, a level that had capped upside attempts.<\/p>\n

Resistance is at $117,000, and clearing it could pave the way for higher targets around $124,000 and $131,300. Carter wrote<\/a> that the setup shows \u201cstrong buyer accumulation building,\u201d adding weight to the bullish case.<\/p>\n

Liquidity Zones Define Short-Term Focus<\/h2>\n

Daan Crypto Trades noted that a liquidity cluster has formed in the $118,000\u2013$119,000 range, which also matches a past high-volume zone. A breakout above this level could help Bitcoin move out of its current consolidation phase.\u00a0Support sits around $107,000\u2013$108,000, which matched lows in August and September.<\/p>\n

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$BTC<\/a> The picture is clear from a liquidity perspective.<\/p>\n

The $118K-$119K region has a big liquidity cluster and also corresponds with the previous area where most volume has been traded. I also think that area is the most important level in the short term to clear to get the\u2026 pic.twitter.com\/WNeVxI01TM<\/a><\/p>\n

\u2014 Daan Crypto Trades (@DaanCrypto) October 1, 2025<\/a><\/p>\n<\/blockquote>\n

Historically, Q4 has often delivered strong rallies following a green September close.<\/p>\n

The post Bitcoin Reclaims $116K: Bullish Setups Hint at Huge Q4 Rally<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n