Bitcoin News
By Steven Anderson
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Fibonacci Extension Points to $130,558. Wu’s analysis draws from Bitcoin’s rally between January and April 2025, when BTC surged from…
2 / 15
MVRV Bands Point Toward $139,000. While Fibonacci extensions provide one path for Bitcoin’s rally, other models reinforce the…
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Derivatives Market Shows Aggressive Buy Pressure. Supporting these technical signals is fresh evidence from the derivatives market.
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Liquidations Amplify Breakout Above $119K. Another factor driving BTC higher has been forced liquidations.
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Broader Market Sentiment. Beyond technicals and derivatives data, the broader crypto market has been buoyed by optimism…
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Outlook for Q4 2025. As Bitcoin navigates October — a historically bullish month dubbed “Uptober” by traders — the…
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Bitcoin (BTC) has continued its upward momentum, reclaiming key price levels and fueling optimism across the crypto market.
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According to market analyst Jake Wu, Bitcoin is setting its sights on the 1.618 Fibonacci extension, which places the next major milestone at $130,558.
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Wu’s analysis draws from Bitcoin’s rally between January and April 2025, when BTC surged from around $75,000 to $118,000 — a 57% increase.
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This retracement, often seen in strong bull cycles, provided a reset for momentum before Bitcoin surged nearly 10% in the first week of October.
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The technical setup suggests that the 1.618 Fibonacci level at $130,558 could serve as the next destination, provided BTC sustains momentum above the critical $108,000 volume…
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At the time of writing, Bitcoin has already broken above the +0.5σ band at $116,733. Historically, similar moves have led to advances toward the +1σ band at $138,816.
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With Bitcoin’s realized price at $53,931, long-term holders remain significantly in profit. Analysts argue this cushion of unrealized gains gives investors stronger conviction to…
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Supporting these technical signals is fresh evidence from the derivatives market. Data from Binance shows a sharp swing in open interest (OI) and taker volume over the past two…
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On September 25, Bitcoin slipped to a local low near $109,000, coinciding with a 13.5% drop in open interest as traders closed positions.
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