Key points:
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Bitcoin may have exceeded $ 119,500 while price indicators overthrow “Surboux”.
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Traders have support for supporting retention to consolidate your latest rebound, which approaches 10% in a week.
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FNB entries total $ 1.6 billion in three days, Ibit entering the 20 best ETF per active.
Bitcoin (BTC) is ready for a short -term decline and support for the support as the “sur -locked” flash price metrics.
Merchants warned Thursday that BTC / USD could withdraw lower after reaching a six-week summit above $ 119,000.
RSI calls to BTC Price to take a break
Bitcoin won almost 10% in last week while Bulls organizes a return, echoing gold.
In the midst of a trip at more than $ 119,500 on Bitstamp, according to Cointelegraph Markets Pro and TradingView data, market players nevertheless see the cooling of the rally before continuation. This is due to the fact that the price indicators are overheated.
“Looking at this further, the withdrawal / retest is logical as shown by the LTF,” wrote the popular novel merchant in a part of a post X on the subject.
“Everything is exaggerated but no sign of initial weakness. Breakout and simple retest. “
Among the evidence supporting such a decision is the index of relative force (RSI), now firmly in “surbouflé” territory at almost 90/100. This marks the highest four-hour readings since July, when BTC / USD has exchanged above $ 123,000.
RSI is a classic leading indicator, and excessive values on lower time can precede a market turnaround.
On the daily and weekly graphics, the situation has proven to be different, RSI remaining “overbush” throughout the final phases of the previous bull markets.
“The volume, RSI and MacD seem good for continuation at 124k in the coming days,” summed up Roman.
The FNB Bitcoin underline the bullish momentum
Continuing on RSI, Caleb Franzen, creator of Resource CUMBIC Analytics of financial research resources, saw an upward divergence playing on Bitcoin against the S&P 500 Wednesday.
In relation: Bitcoin pressure for $ 118,000 while analysis calls us the government, “non-event”
This came from the analysis of the largest American exchange of trades (ETF), Ishares Bitcoin Trust (IBIT) in BlackRock.
Divergence of RSI Haussière for Bitcoin compared to the S&P 500 (Ibit / Spy). pic.twitter.com/hGh2xzopwc
– Caleb Franzen (@calebfranzen) October 1, 2025
The data from the investment company based in the United Kingdom Farside Investors confirm the net entries through the US ETF cohort of more than $ 1.6 billion this week. Ibit contributed $ 600 million in total.
At the same time, Eric Balchunas, an ETF analyst dedicated to Bloomberg Intelligence, confirmed his entry into the 20 best ETFs by assets.
“Someone asked me how long until the top 10. It is $ 50 billion. If the last 12 months are repeated, it may not take time. He has taken 40 billion dollars 12 MB and increased by 85%,” he revealed on X.
“That said, these other ETFs also develop so that I do not know. If forced, I would put the most / under for Christmas 2026.”
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.