#BTC<\/a><\/p>\n Bitcoin has performed a Daily Close above ~$120k (black)<\/p>\n An identical Daily Close in mid-August (green circle) preceded a successful retest of $120k as new support before preceding upside into $123400 (red)<\/p>\n Will the not-too-distant history repeat?$BTC<\/a> #Crypto<\/a> #B\ube44\ud2b8\ucf54\uc778<\/a> https:\/\/t.co\/PwDpZqC8dH<\/a> pic.twitter.com\/IUPmTND4A9<\/a><\/p>\n \u2014 Rekt Capital (@rektcapital) October 3, 2025<\/a><\/p>\n<\/blockquote>\n Current price action is showing a repeat of that setup. If the level holds, the market may aim for $123,350 and beyond. If it fails to hold, nearby supports are located around $117,288 and $114,249.\u00a0In another post<\/a>, Rekt Capital added that Bitcoin is also testing a 2.5-month downtrend line near $119,000.<\/p>\n Additionally, on the weekly timeframe, the analyst referred<\/a> to the possibility of Bitcoin entering \u201cPrice Discovery Uptrend 3.\u201d<\/em> The long-term chart shows a pattern that began in early 2023, where the price breaks out, retests resistance as support, and continues higher.<\/p>\n That structure has repeated at multiple stages. Bitcoin is now positioned at $120,000, and a weekly close above this level may support a continuation into new territory. A green zone on the chart marks the potential area for this movement.<\/p>\n On the 4-hour chart, analyst Ted Pillows pointed out that the RSI has reached 80.18, the highest level since July. The reading places BTC in overbought conditions on that timeframe.<\/p>\n $BTC<\/a> 4H RSI is now the most overbought since the July top.<\/p>\n Usually such instances result in a correction or sideways price action for some time. pic.twitter.com\/81EE4fu9FD<\/a><\/p>\n \u2014 Ted (@TedPillows) October 2, 2025<\/a><\/p>\n<\/blockquote>\n The RSI reading could suggest a pause or consolidation phase after the recent rally from below $110,000.<\/p>\n Crypto Seth offered a long-term chart that shows BTC inside a growth channel. He noted the past rallies in the final quarter of the previous cycles: 368% in 2017 and 83% in 2021. Based on that, the analyst is now considering a 70% rise to around $203,530 by the end of 2025.<\/p>\n The chart shows that the price remains well within the bounds of the channel.<\/p>\n 2017: $BTC<\/a> pumped 368% last 3 months of the bull market.<\/p>\n 2021: 83%<\/p>\n 2025: 70% from now to Dec sounds reasonable? Surely with all the ETFs and adoption it can give me another 70%???? pic.twitter.com\/6OSZPiWhTl<\/a><\/p>\n \u2014 Crypto Seth (@seth_fin) October 2, 2025<\/a><\/p>\n<\/blockquote>\n The structure remains intact, with no signals of a market top yet.<\/p>\n \uac8c\uc2dc\ubb3c BTC Flips $120K Into Support, Can Bulls Push BTC to New All-Time High?<\/a> \uc5d0 \ucc98\uc74c \ub4f1\uc7a5 \ud06c\ub9bd\ud1a0\ud3ec\ud14c\uc774\ud1a0<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Bitcoin was trading around $120,000 at press time, up slightly in the last 24 hours and 10% over the past week. The current 24-hour trading volume is approximately $64.2 billion. Traders are now watching the $120,000 level to see if it will act as new support, following a daily close above this key area. Notably, […]<\/p>\n","protected":false},"author":1,"featured_media":33676,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[25],"class_list":["post-33674","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds","tag-bitcoin"],"yoast_head":"\n![\"Bitcoin](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/G2R4jLyXAAAKdvc.jpeg\")
<\/a>Momentum May Slow as RSI Peaks<\/h2>\n
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Monthly Chart Targets $203K by Year-End<\/h2>\n
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