BTC is anchored around $116,830, benefiting from the wave of crypto payment acceptance in the US. The Sheetz store chain offers a 50% discount when paying with crypto via Flexa, while Steak 'n Shake saves 50% on transaction fees compared to credit cards – a sign that digital assets are becoming practical payment tools, not just investments.
In the EU, the European Banking Authority imposes a risk weight of 1,250% for unsecured BTC, requiring banks to hold 12.5 million EUR in capital for every 1 million EUR in BTC. Despite restricted access, this move still legitimizes Bitcoin's position in finance. In contrast, the US is opening the door: President Trump wants to allow crypto in the $9 trillion 401(k) retirement fund, boosting ETH by 4%, Coinbase stock by +3%, Galaxy Digital by +6%, and Bitmine Immersion by +8%.
Technical: BTC maintains a bullish flag pattern from the peak of $123,255, with strong support at $113,154 (SMA 50 & trendline from April). RSI has rebounded to 54, holding the Fibonacci 0.382 at $113,682. Breaking $117,350 could reopen the range of $123,255–$131,574; losing $113,150 would trigger the range of $110,725–$107,768.
Q4 Outlook: The resonance between retail demand, US policies, and technical structure reinforces the likelihood of BTC continuing its upward trend, even paving the way for long-term targets of $250,000–$500,000 by 2025.
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