Bitcoin’s powerful surge has carried the crypto market into October with fresh momentum, as the world’s largest digital asset smashed through $120,000 for the first time in weeks. A sudden rebound in ETF inflows and optimism around the U.S. government avoiding a prolonged shutdown helped spark the move, giving traders renewed confidence after September’s turbulence.
The rally has spilled over into the wider market, with Ethereum climbing steadily toward levels that traders believe could precede a new all-time high. Meanwhile, retail investors are scanning the horizon for the next big play, with many pointing to MAGACOIN FINANCE as an emerging opportunity expected to shine in the upcoming altseason.
ETF Flows Spark Bitcoin’s Comeback
After suffering nearly $700 million in redemptions during the second half of September, Bitcoin ETFs staged a dramatic turnaround. Inflows of $518 million on September 29, $430 million on September 30, and $676 million on October 1 marked the sharpest three-day recovery in weeks. BlackRock, Fidelity, and Ark Invest led the charge, signaling that institutional appetite remains strong.
The wave of buying coincided with a relief rally across global markets after the U.S. government averted a shutdown. That combination pushed Bitcoin from around $109,000 less than a week ago to above $120,000, a gain of more than $10,000 in a matter of days.
Short Squeeze Fuels the Breakout
Bitcoin’s move higher wasn’t only about inflows and sentiment. Heavy liquidations played a role too, with more than $135 million in positions wiped out. Most of the damage was felt by short sellers, who were forced to exit as the price ripped higher. That squeeze provided extra momentum, accelerating the march to $120,000.
Ethereum Targets New Highs
Ethereum, which currently trades just under $4,500, has shown steady gains alongside Bitcoin’s rally. Traders speculate that improving sentiment and ETF demand could help ETH challenge its all-time high near $4,900 in the coming weeks. With Layer-2 adoption booming and institutional interest picking up, some analysts argue Ethereum may be preparing for its own breakout moment.
Retail Spotlight on MAGACOIN FINANCE
While Bitcoin and Ethereum dominate headlines, retail traders are turning their attention to presale opportunities. MAGACOIN FINANCE is increasingly viewed as one of the most promising altcoins ahead of the next altseason. Analysts suggest it could outpace most rivals, with some projecting that early participants could see returns of more than 50x. Growing presale demand, combined with its limited access and rapid sellouts, has created a wave of FOMO across trading communities. For smaller investors, this project is quickly becoming a must-watch.
Technicals Support More Upside
Bitcoin’s current levels suggest further upside could be on the table. The daily RSI is holding at 65, showing strong bullish strength without signaling overbought territory. According to TradingView, moving averages overwhelmingly flash “Strong Buy,” hinting at sustained momentum. Analysts highlight resistance at $123,000-$125,000, while support is forming around $115,000.
Outlook Heading Into October
The combination of revived institutional inflows, improving macro sentiment, and the momentum from liquidations has given Bitcoin the fuel it needed to break out. If ETF demand continues, $125,000 could be the next big test, with some speculating that the current setup could push Bitcoin toward uncharted territory before year-end.
Ethereum’s steady climb suggests it may not be far behind, while altseason chatter grows louder – especially with projects like MAGACOIN FINANCE generating serious buzz.
For now, the market enters October with renewed confidence, setting the stage for what could be one of the most bullish quarters in years.
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