BTC Breakout - 29.09.2025 Reversal or a Bull Trap?

Bitcoin staged a sharp recovery from $108K to $114K, driven in part by a drop in selling pressure on Binance, but altcoins barely moved and BTC dominance is pushing toward 60%. The episode outlines five key risks — a firm DXY, negative ETF flows, elevated altcoin open interest (35%), thin spot volume, and potential equity correlations — which together suggest this is a relief rally, not yet a confirmed trend reversal. Technically, BTC is holding above the 20-week SMA and 21-week EMA, echoing past post‑halving patterns, but historical seasonality warns of early‑October shakeouts. The takeaway: exercise patience, monitor altcoin OI and spot volume, and avoid leverage until clearer confirmation of market direction. Subscribe to our daily Free Crypto Newsletter: https://crypto.report

There are no comments yet.

Please log in to write the first comment.