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
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
$BTC<\/a>\/4-hour \u2014 Trader Tardigrade (@TATrader_Alan) October 1, 2025<\/a><\/p>\n\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 \u201cAbove $119,200 = new ATH imo. Lose $108,900 and $105,000 is next.\u201d<\/p>\n A breakdown below those supports could point toward the $100,000 region.<\/p>\n <\/a>Source: Lennaert Snyder\/X<\/p>\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 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 $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\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>","protected":false},"excerpt":{"rendered":" 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. Several analysts are pointing to bullish chart setups that could open the way for higher levels if confirmed. Inverse Head and Shoulders Forms on 4-Hour Chart Trader Tardigrade posted a chart […]<\/p>\n","protected":false},"author":0,"featured_media":101247,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-101246","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/101246"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=101246"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/101246\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/101247"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=101246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=101246"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=101246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\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>\nAscending Channel Points to $124K and Beyond<\/h2>\n
Liquidity Zones Define Short-Term Focus<\/h2>\n
![<\/a>Source: Lennaert Snyder\/X<\/p>\nAscending Channel Points to $124K and Beyond<\/h2>\nJonathan 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>\nResistance 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>\nLiquidity Zones Define Short-Term Focus<\/h2>\nDaan 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$108,000, which matched lows in August and September.<\/p>\n$BTC<\/a> The picture is clear from a liquidity perspective.<\/p>\nThe $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\nHistorically, Q4 has often delivered strong rallies following a green September close.<\/p>\nThe post Bitcoin Reclaims $116K: Bullish Setups Hint at Huge Q4 Rally<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"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. Several analysts are pointing to bullish chart setups that could open the way for higher levels if confirmed. Inverse Head and Shoulders Forms on 4-Hour Chart Trader Tardigrade posted a chart […]<\/p>\n","protected":false},"author":0,"featured_media":101247,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-101246","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/101246"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=101246"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/101246\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/101247"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=101246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=101246"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=101246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/G2KV1kVXoAA-3vO.jpeg\"){kind=link}