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The Bitcoin (BTC) Rainbow Chart has outlined potential price ranges for October 1, 2025, as the asset seeks to reclaim the $120,000 resistance. Throughout September, the maiden cryptocurrency has struggled to push past the $115,000 support zone. At press time, Bitcoin was trading at $115,950, up 0.15% in the past 24 hours and gaining a modest 0.5% over the past week. Bitcoin seven-day price chart. Source: Finbold Looking ahead to October 1, the Rainbow Chart projects that Bitcoin’s price could fall within a broad band of $36,628 to $409,726, depending on prevailing market sentiment. The Rainbow Chart, a long-term valuation model often used to track Bitcoin’s price cycles, is built as a logarithmic regression chart. It color-codes Bitcoin’s valuation bands, offering investors a simplified way to gauge whether the market is undervalued or overheated. Bitcoin price prediction  The lowest tier, labeled “Basically a Fire Sale,” spans from $36,628 to $47,947....

Despite a significant move to the upside in recent days, futures traders are betting that the current Bitcoin (BTC) rally will continue.  Namely, Bitcoin’s long/short ratio has reached a 1-month high of 1.0559, indicating that 51.36% of derivatives positions opened in the last 24 hours have been bullish, per data retrieved by Finbold from cryptocurrency futures trading and information platform CoinGlass on April 22. Bitcoin long/short ratio chart. Source: CoinGlass In the closing hours of Sunday, April 20, Bitcoin (BTC) shot up from $85,000 to $87,000. By press time on April 22, the leading cryptocurrency was changing hands at a price of $88,530, having marked a 3.40% gain on the weekly chart that has brought year-to-date (YTD) losses down to 5.33%. BTC price 1-week and year-to-date (YTD) charts. Source: Finbold Is the Bitcoin long/short ratio a reliable signal? The second Bitcoin long/short ratio in the past 30 days, at 1.05, which is equivalent to 51...

Bitcoin (BTC) has been on a slow recovery since mid-March. Moves to the upside are limited, and at present, involve multiple unsuccessful attempts to breach local resistance levels before a decisive break ultimately occurs. The leading cryptocurrency, which was trading at $86,470 at press time, is down 9.74% since the start of the year. BTC price year-to-date (YTD) chart. Source: Finbold Prices have bounced off of resistance between $88,470 and $88,200 three times in the past week, while a level of support has been established in the $86,220 to $86,460 range.  Picks for you Hyperliquid (HYPE)-JELLY drama could have sparked a CEX vs. DEX war in crypto 2 hours ago When will Ripple v. SEC case truly end? 3...

The Bitcoin price dropped more than 3% in the last 24 hours to trade at $92,298.35 as of 10:45 p.m. EST as investors decrease their exposure to the leading crypto. The retracement by the BTC price coincides with a broader crypto market correction that has seen the digital asset space’s capitalization plunge over 4% in the last 24 hours. During this period, Bitcoin also briefly dropped below $91K to as low as $90,924.90. Bitcoin Price Resting On A Key Support  4-hour chart for BTC/USDT (Source: TradingView ) The Bitcoin price is hovering above a support at $90,884.93. Should the largest crypto by market cap fall below this price point in the coming few hours, it could be exposed to the risk of plunging down to the subsequent support at $88,444.73 in the short term. On the other hand, the Bitcoin price managing to stay above the $90,884.93 mark for the next 8 hours might be seen as a positive sign. Traders will likely start to buy into the crypto market leader. This cou...