Download the mobile app
learn
legal
BTC Markets Pty Ltd ACN 164 093 887 is an authorised representative (AR No. 1297122) of BTCM Payments Limited ACN 643 241 829 (AFSL No. 525840)
©2026 BTC Markets Pty Ltd. All rights reserved.
October is once again proving bullish, with the asset trading above US$118,000 and momentum building. Post-halving dynamics, strong ETF inflows, and fresh liquidity signal further upside, with analysts forecasting potential highs of US$150K–US$200K before year-end.
Despite softer US jobs data, Bitcoin remains range-bound, with key support at US$110K and resistance at US$113.4k–117.1K shaping the next market move.
Ahead of Jackson Hole, traders are taking profits, reducing risk, and watching inflation data and ETF flows for direction on the next phase of the crypto market.
Ahead of Jackson Hole, traders are taking profits, reducing risk, and watching inflation data and ETF flows for direction on the next phase of the crypto market.
U.S. crypto ETFs saw nearly US$1B in outflows. The moves add selling pressure to Bitcoin and Ethereum and keep market sentiment cautious in the short term.
A hit to gold from steep tariffs reinforces Bitcoin’s appeal as a borderless “sovereign-proof” store of value.