Bitcoin has staged a powerful breakout, closing the daily above $117K — a highly bullish signal! 💸 👉$BTC
📊 Key Levels:
🎯 Next target: $120K
🏁 Final upside target (for most traders): $123K
📈 Indicators:
RSI: Momentum strong after bouncing off the signal line.
StochRSI: Still room to climb higher.
Heatmaps (24h): Liquidity tapped at $119K & $116K — possible trap for late longs before a corrective flush.
Weekly Heatmap: Heavy liquidity clustered near $108K (deep support if tested).
🔮 Outlook: Upside momentum looks set to continue toward $120K–123K. Traders should stay alert for a short-term pullback to reset leverage before the next leg higher.
⚡️ BTC is heating up — Are you ready for the next move?
Why Is Bitcoin Pumping Today? Here’s What You Missed 🚀
👉$BTC By Bluechip The crypto world is buzzing—Bitcoin just broke above $116,000, riding the wave of a U.S. government shutdown. Meanwhile, Ethereum reclaimed $4,280, and altcoins like Solana, Cardano, and XRP are also posting solid gains. 🌀 What’s Fueling the Move? 1. Safe-Haven Flows into Crypto The U.S. government shutdown has rattled confidence in traditional markets. Instead of retreating to cash or bonds, some capital is moving into crypto as a perceived hedge. 2. Technicals Onside for BTC & ETH Bitcoin’s breakout above its 50 EMA is a bullish signal. RSI is not yet overbought, implying more room to run. Ethereum is showing a parallel structure. 3. Market Sentiment & Momentum Amid uncertainty, momentum is a powerful force. With traders reacting to macro news and technical triggers, we’re seeing aggressive participation in risk assets like crypto. 🔮 What Could Happen Next Sustained upside if momentum holds and macro pressure stays supportivePullbacks or corrections if political clarity returns or risk flows reverseVolatility spikes are possible — we’re in a delicate regime “#BTC just invalidated SO many waves by making a new high above $117.9k! … Shorts are cleared … a BIG move is coming.”— TARA (@PrecisionTrade3) #MarketUptober $XRP $SOL
📈🤔 #BTC Swissblock: Breakout setups are strongest when Structure Shift + Price Momentum align. In bull markets, this combo often fuels step-by-step surges through resistance.
📊 #BTC CQ: Coinbase Premium Gap at +$80 → clear signal of stronger spot demand on Coinbase vs. other exchanges. 👉 Coinbase leading the charge in this move.
🇰🇵🏴☠️ On-chain sleuth Zachxbt reports that North Korean hackers have struck again — this time targeting Japan’s SBI. The attack siphoned off a massive $21 million, underscoring the growing scale of state-linked cyber theft in crypto.
⚠️ With North Korea increasingly leaning on hacks to fund operations, exchanges and institutions face heightened risks.
💬 Do you think regulators and security teams are doing enough to counter these attacks?
💸 #BTC #COIN Coinbase has officially surpassed $1 BILLION in Bitcoin-backed loan originations! 🚀
This milestone highlights the growing demand for crypto-collateralized credit, where Bitcoin is used as the foundation for liquidity rather than being sold.
👉 Institutional and retail players alike are leveraging BTC as collateral — signaling rising confidence in Bitcoin’s long-term value while still accessing liquidity.
🔑 Another step toward the maturation of Bitcoin as a financial asset.
Bitcoin’s young supply valuations have reset, with MVRV hovering near 1.0 — showing that newer investors are trading close to their cost basis.
✅ Price is still holding above the 135-day SMA, acting as strong structural support. ⚡ This reset may be paving the way for a healthier, more sustainable accumulation phase ahead.
Do you see this as the start of a stronger base for the next move? 👀
🔹 Price hit $114.8K before pulling back to trendline support 🔹 RSI bearish, but StochRSI oversold → bounce possible 📈 🔹 Heatmap shows liquidity at 114.8K+, likely sweep toward 110.5K before sharp move up ⚡
Sentora reports that TVL has fully erased Terra-era drawdowns ✅ 🔥 Aave hits new all-time highs in deposits, proving lending remains the backbone of on-chain finance. 🌊 Lido continues to dominate liquid staking, solidifying its lead.
DeFi rails are thriving again — momentum looks unstoppable 🚀
🗣 #BTC Eric Trump: “Bitcoin will surpass $1,000,000, and Q4 of this year will be unbelievable.” 🔥
🚀 Bold prediction coming in hot — $BTC eyed for a historic run into the end of the year. 👀 Eyes on Q4: Will Bitcoin really break into 7-figure territory?
💸 #BTC The market is bleeding heavy! In the past 24h, ~$402M contracts liquidated — longs took the biggest hit with ~$321M vs. ~$80M shorts. 😱 Last hour alone: $120M wiped out → total now $560M in 24h!
📊 Sentiment check:
Fear & Greed Index slipping into Fear ⚠️
Accumulation Trend Score weak → large cohorts showing muted conviction despite high prices.
🗽 Ohio officially accepts Bitcoin for tax payments. 🇳🇱 Dutch gov’t exploring a strategic BTC reserve.
👉 With lighter accumulation, BTC looks vulnerable to a supply overhang unless demand roars back.
🚨 BREAKING: President Trump has made a bold statement on #Bitcoin
— saying that one day BTC “will overtake gold.” 🔥
👉 Gold has been the world’s top store of value for centuries, with a market cap of ~$15T. 👉 Meanwhile, Bitcoin’s market cap is hovering around ~$2T, but Trump’s words echo the growing narrative that digital gold could eventually surpass the traditional one. 👉 With scarcity (21M BTC), increasing institutional adoption, and a new wave of global acceptance, Bitcoin’s path toward rivaling gold looks stronger than ever. 📈 If Bitcoin were to truly overtake gold, it would mean a price north of $700K+ per coin. 🚀