Bitcoin Price Struggles To Stay Above $120,000

Bitcoin's (BTC) price rose above the moving average lines, reaching $121,106.

Bitcoin price long-term prediction: bullish

On September 29, the Bitcoin price moved above the moving average lines and remained above them. On September 30, the cryptocurrency retested the 21-day SMA support and stayed above the moving averages.

Today, bullish momentum has pushed the price to a high of $121,106, approaching the $124,000 barrier. If buyers break through the $124,000 resistance, the largest cryptocurrency could rise to a high of $141,000. Otherwise, Bitcoin will be forced to trade within a range above the moving average lines but below the $121,000 high, where the BTC price previously failed to advance. Meanwhile, the price is struggling to stay above the $120,000 support level.

Technical indicators

• Key supply zones: $120,000, $125,000, $130,000

• Key demand zones: $100,000, $95,000, $90,000  

BTC price indicator analysis

BTC's price is above the horizontal moving average lines. The 21-day SMA is above the 50-day SMA, indicating a bullish trend. The price bars on the 4-hour chart are above the upward-sloping moving average lines. The price bars have increased significantly to the upside.

BTC/USD daily chart - October 3, 2025

What is the next move for BTC?

Bitcoin's price has risen above the moving average lines, reaching a high of $121,000. Today, the Bitcoin price is declining after failing to sustain its bullish momentum above the $120,000 mark. BTC is currently trading in a narrow range between the $119,000 support and the $121,000 high. The bullish rise will begin if buyers break through the $120,000 mark.

BTC/USD 4-hour chart - October 3, 2025

Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coinidol.com. Readers should do their research before investing in funds.