US -based spot Bitcoin 
$116,250.69 ETF‘s September 30 on the last trading day, a single day 430 million dollars with a net input. The total entrance to ETFs on two trading days of the week exceeded $ 950 million. Strong return in corporate demand by providing stability in the price BitcoinHe moved over $ 116,000. After the price sagging of $ 108,000 last week, purchases intensified. The federal closure, reported on October 1 due to the budget dilemma in Washington, also emphasized Bitcoin with an escape of risk.
ETFs and safe port perception have strengthened the market
ETFThe entrances to the s reversed the output trend in the last week and showed that the investor appetite revives again. Due to the lack of approval of the funding package in the United States, the allocation of hundreds of thousands of public employees to the compulsory leave led to the pricing of the policy risk of markets. Unions and policy experts reminded of the 35 -day closure in the 2018-2019 period, drew attention to possible pressure on household budgets. The closure of the US government accelerated the orientation of scarce assets such as Gold and Bitcoin.
While the new summits were seen in precious metal prices, the dollar weakened. Analyst Tedpointing to high correlation with gold, reminding Bitcoin reacting to a delayed react. He said that the new records under the largest crypto side can create upward trend in the last quarter of the year. He underlined that the general trend is positive, although the possibility of correction is kept.
Technical view and analyst comments for Bitcoin
Combined with reacting entrances from the band descended for $ 108,000 last week, it reduced the short -term pressure on Bitcoin. While the possibility of high volatility in the market continues, the motivation of escape from risk is expected to strengthen the risk of the closure of the government. The indicators followed indicate that the spot side is supported by corporate accumulation.
Experienced Crypto Money Analyst CAS AbbeIn October, the new peak possibility is on the table, he said. Captain Faibik The descending parallel channel, which has been watched since August, reported that it can be broken within the next two months. If such a scenario is confirmed with the volume increase, it may technically make the search for record in the last quarter of the year.
Cryptoappsy According to data, Bitcoin is traded at $ 116.271 with an increase of 2.63 percent in the last 24 hours.
