Bitcoin Rallies $10,000 In 5 Days: What’s Driving The Surge?
Posted On October 2, 2025
Bitcoin (CRYPTO: BTC) has rallied more than $10,000 since Sunday to tap $119,000 on Thursday—and some more upside may be left to capture in the short term.
What Happened: Glassnode data shows BTC defending its short-term holder cost basis (~$111,600), a reliable support since May 2025.
After dipping to $109,000 post-FOMC rally, BTC rebounded toward $118,800, indicating strong buy-side demand.
On-chain data dynamics reflects several interesting dynamics:
- Overhead resistance lies between $114,000–$118,000, where recent …
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