Sep 13, 2025
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Bitcoin Climbs Past $115,000 on Inflation Relief and ETF Flows
- Bitcoin reached a three-week high of $115,500, driven by softer U.S. inflation data and increased Bitcoin ETF inflows.
- Investors are optimistic about a potential 25 basis-point rate cut by the Federal Reserve, enhancing risk appetite.
Bitcoin rallied alongside other cryptocurrencies:
- Bitcoin ETFs saw over $928 million in inflows, indicating strong demand from investors.
- Resistance near $116,000 remains a hurdle, as sellers limit further gains.
- The put/call ratio of 1.3 suggests bearish sentiment slightly outweighs bullish positions.
Market indicators from CryptoQuant turned bearish, warning of potential profit-taking and liquidations.
Future Outlook
- If Bitcoin breaks above $116,000, the next target could be $118,000, with support at $113,700.
- Volatility is expected as traders anticipate the Fed's interest rate decision.
- Sean Ono Lennon views Bitcoin as a hedge against excessive money printing, highlighting its appeal during economic uncertainty.
While the uptrend continues, bearish signals and resistance levels may challenge Bitcoin's momentum, potentially leading to a dip below $110,000.