Stuck below $117K, Bitcoin mostly drifted through September without making much noise. Could things look better in October?
Maybe. Three major market shifts are aligning, which could be enough to send $BTC past $120K once again.
Early signs of a recovering market are already here, as whales secure Bitcoin Hyper ($HYPER) tokens worth $329K in a single day.
Three Reasons $BTC Looks Ready to Explode
$BTC briefly crossed $114K on Monday, flashing signals of another bull surge.
Despite a heavy spot $BTC ETF outflow, the trading volume spiked as investors rushed to buy the dip.
The price has dropped since then to about $113.4K, but there are more reasons to believe this is just the beginning of a bull trend.
The first potential catalyst is the joint roundtable on digital asset regulation hosted by the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).
It sparks hopes for better regulatory clarity, especially in matters such as jurisdictional tests, listings, and exchange oversight. The panel featured SEC Chair Paul Atkins and representatives from ICE-NYSE, CME, JPMorgan, Bank of America, Citadel, and others.
The weakening US jobs market also su
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Author: Ben Wallis
