Yesterday, the price of Bitcoin climbed above $120,000.
But why is Bitcoin rising these days?
Although there is no obvious explanation, it is possible to imagine one based on some objective observations.
The Rise of Bitcoin
In the second half of September, the price of Bitcoin had dropped from about $118,000 to less than $109,000.
At the end of the month, it then remained essentially steady around the 109,000$ mark for about four days, before starting to rebound.
The rebound began on Sunday, September 28, but stopped on September 30 around the 114,000$ mark.
Note that the $115,000 level was also the support that broke on September 22, and therefore in the meantime had probably turned into resistance.
The key point, therefore, was precisely the surpassing of $115,000, which occurred on October 1st.
In fact, with momentum, it ended up rising even above $116,000, and practically did not stop until it reached $121,000, touched briefly yesterday.
Now a small cor
We współpracy z: https://en.cryptonomist.ch/2025/10/03/why-is-bitcoin-rising-these-days/
