Summary Bitcoin extends recovery above $114,000 as ETF inflows drive optimism. Bitcoin RSI crosses into positive territory, confirming stabilization after the September correction. Traders eye $113,400 EMA overlap as key support for a bullish outlook. By Sholanke Dele Bitcoin ( BTC-USD ) price is extending its recovery early this week, building on the rebound that started over the weekend. After reclaiming the 100-day EMA at $112,000 on Sunday, price action accelerated on Monday as investors responded to renewed optimism in the spot ETF market. Net inflows of $522 million were recorded, fueling a rally that pushed Bitcoin above both the 20- and 50-day EMA to a seven-day peak beyond $114,000. By Tuesday, September 30, momentum carried into the Asian session. Bitcoin climbed above the previous day’s high, touching $114,860. The move marked a gain of more than 5% from the month’s opening levels and shifted the global fear and greed index back into neutral territory. The rally also allowed the market to close September in positive territory, cementing a month-to-date gain of 4.2%. Bitcoin price dynamic (July - Sept 2025). Source: Tradingview However, trading patterns hint that enthusiasm has started to cool. Near Monday’s close, the four-hour volume readings showed buyers scaling back their long positions, even as price edged higher into the Tuesday Asian high. Since then, Bitcoin has eased from that peak. By the European session, price had settled back to $114,000, down 0.4% on the day, though still showing a week-to-date rise of 1.6%. Bitcoin RSI flips positive, strengthening technical case for extended recovery Bitcoin retracement today is accompanied by a decline in intraday volume, indicating that profit-taking rather than aggressive selling is driving the move. On the one-hour chart, volume contraction has been visible as the price softened, suggesting a pause rather than a shift in trend. Technical levels now come into focus. The overlap of the 20- and 50-day EMA near $113,400 is likely to act as immediate support. A rebound from this zone could sustain the broader uptrend, while a breakdown would invite retesting of deeper levels. Momentum indicators strengthen the bullish case. The daily RSI has crossed back into positive territory, providing technical confirmation that trend conditions are stabilizing after the correction earlier in September. This development, together with consistent ETF inflows, underscores the resilience of buying interest at lower levels. As the final trading day of September unfolds, attention will be on whether Bitcoin can make another push toward $115,000 before the month closes. A decisive move through that level would reinforce bullish conviction going into October, while failure to hold support near $113,400 could dampen enthusiasm temporarily. For now, the balance tilts in favor of the recovery continuing, backed by improving sentiment and inflow momentum. Exchange outflows strengthen BTC accumulation despite mid-September sharp correction . Bitcoin retests $111,800 EMA after weekend rally signals crucial consolidation zone. This material may contain third-party opinions; none of the data and information on this webpage constitutes investment advice according to our Disclaimer . While we adhere to strict Editorial Integrity , this post may contain references to products from our partners. Original Post
