Overview

• Bitcoin traded near $114,603, gaining roughly 2.5% over 24 hours at the latest reading.
• 24-hour turnover jumped about 70% to $58.8 billion, with reports pointing to renewed spot-ETF inflows into funds such as BlackRock’s IBIT and Fidelity’s FBTC.
• Price action broke an hourly bearish trend line around $112,200 (Kraken data) and holds above the 100-hour SMA, with MACD and RSI signaling short-term strength.
• Immediate resistance is flagged at $114,750 to $115,500; failure to clear the zone could see pullbacks toward $113,500, $112,500 and a main support near $110,500.
• Analysts cite on-chain accumulation and the post–Sept. 17 Fed rate cut as tailwinds for a possible Q4 advance, with some projecting scenarios up to $180,000 if liquidity and institutional demand persist.