Bitcoin enters its best season after a 43% surge, with $147,000 suddenly on the math
Summary
Bitcoin gained about 43% in the third quarter, sharply outperforming US stocks and gold, as spot ETF flows swung from outflows to inflows. The rally came despite rising Treasury yields, while futures open interest and leverage declined. Analysts see a stronger market structure but say further gains depend on sustained ETF demand to absorb substantial potential selling between $84,000 and $90,000. Bitcoin reclaimed its 365-day moving average, but faces macroeconomic uncertainty and shifting Federal Reserve rate expectations. Historical fourth-quarter strength supports bullish hopes, though price projections are not guarantees. Key levels cited include support near $81,300 and resistance above $86,500.
