Bitcoin Price has registered a strong recovery as commercial activity increased and investors resorted to digital assets during the closure of the United States government.
Summary
- BTC quotes at $ 118,473, 6% weekly and 7.4% monthly.
- The closure of the US Government Spare the safety rotation in Gold and Bitcoin.
- The technicians show that BTC is maintained above Key Mas, with a $ 124K resistance ahead.
Bitcoin returned to $ 118,473 on October 2, an increase of 3.4% in the last 24 hours, as investors resorted to crypto and gold during the first closure of the United States government since 2018. The movement raised the weekly gain of BTC at 6% and its 30 days to 7.4% increase, leaving only 4.5% below the maximum of $ 124,128 established on August 14.
Horn data It shows the volume of derivatives that rises 50.6% to $ 122.8 billion, while the open interest increased 6% to $ 86.6 billion. The increase in open interest together with a greater volume indicates a renewed positioning of operators instead of short -term speculation.
The strong movement has also reduced the total capitalization of the cryptography market of 3.5% to $ 4.16 billion, adding weight to seasonal optimism that merchants describe as “uptober”.
The closure of the government drives the flow to BTC
The rally moment coincided with the first government of the United States close Since 2018, which began on October 1 after Congress did not approve a budget. The confrontation, linked to expenses and medical care subsidies, unstable traditional markets. The future S&P 500 fell 0.6%, the US dollar weakened and foreign actions saw exits.
On the other hand, Bitcoin (BTC) They took the opposite course. Gold reached a record of $ 3,850 per ounce as investors moved to Seguros and Bitcoin shelters leap above $ 119,000 for the first time in two months. Bitcoin’s appeal as an asset with a fixed supply of 21 million stands out for closures, which often raises questions about government debt and fiscal credibility.
Regulatory and policy developments also provided a tail wind. The funds quoted in Bitcoin Bitcoin stocks in the United States attracted almost $ 1 billion of tickets at the end of September, while the Blackrock fund exceeded $ 80 billion assets.
In a historical movement that is expected to encourage more companies to maintain a long -term bitcoin, the treasure rinse that profits not made in corporate balances would not be subject to taxes.
Bitcoin price technical analysis
The Bitcoin increase to $ 118,473 has put it above a series of significant technical levels. With the relative force index in 63, the market is moving in a neutral to Alcista without reaching the territory of overcompra. The incredible oscillator and MacD Flash levels buys signals, indicating a growing impulse of trends.
Bitcoin is currently quoted well above his mobile averages in the short and medium term. The EMA and the SMA of 10 days and 20 days, all are below the current price, reinforcing the break. Long -term indicators confirm the trend, all pointing to a sustained upward structure.
Bollinger bands also show increasing volatility, since the price is approaching the upper band around $ 119,878.
If ETF tickets continue and the macro risk feeds the additional demand for safe refuge assets, a break exceeding $ 119,900 could pave the way for new maximums this month. On the other hand, the lack of closure above the resistance can see BTC consolidate around $ 114,000, with a deeper support at $ 108,900 if the sale pressure is sold.
