The post Bitcoin Climbs Reclaims $114,000 – Why Analysts See More Upside Ahead appeared on BitcoinEthereumNews.com. Bitcoin 30 September 2025 | 08:30 Bitcoin has bounced back this week, posting two consecutive sessions of gains and reclaiming the $114,000 zone after sinking to lows near $108,650. Traders are paying close attention to the charts, where a potential double-bottom formation is beginning to take shape — a signal that could hint at much stronger momentum in the weeks ahead. Technical Setup Hints at Breakout Instead of simply recovering lost ground, the price action suggests buyers are defending key levels with conviction. If the neckline around $117,800 is cleared, chart watchers believe the next major target could stretch toward $127,000, which would put BTC above its previous 2025 peak. Supporting this case, Bitcoin is now comfortably above its 50- and 100-day exponential moving averages, while momentum indicators such as RSI and MACD are tilting in favor of bulls. Political and Economic Risks Drive Narrative But technicals are only part of the story. Macroeconomic pressure is adding fuel to the narrative. The U.S. government is on the brink of a shutdown as political gridlock drags on in Washington, with both parties digging in over budget priorities. Any halt in operations could spark fresh concerns about economic growth, potentially nudging the Federal Reserve toward more aggressive rate cuts. That environment has historically been favorable for alternative stores of value like Bitcoin and gold. Economists are split on how serious the threat is. Moody’s chief economist Mark Zandi recently noted that while fears of an imminent downturn have eased, the economy remains vulnerable, relying heavily on AI-driven corporate investment and spending by wealthier households. He warned that this kind of growth leaves the broader recovery fragile. Adding to the uncertainty, markets are bracing for Friday’s non-farm payrolls report, a key barometer for the labor market. Strong numbers could delay the Fed’s hand… The post Bitcoin Climbs Reclaims $114,000 – Why Analysts See More Upside Ahead appeared on BitcoinEthereumNews.com. Bitcoin 30 September 2025 | 08:30 Bitcoin has bounced back this week, posting two consecutive sessions of gains and reclaiming the $114,000 zone after sinking to lows near $108,650. Traders are paying close attention to the charts, where a potential double-bottom formation is beginning to take shape — a signal that could hint at much stronger momentum in the weeks ahead. Technical Setup Hints at Breakout Instead of simply recovering lost ground, the price action suggests buyers are defending key levels with conviction. If the neckline around $117,800 is cleared, chart watchers believe the next major target could stretch toward $127,000, which would put BTC above its previous 2025 peak. Supporting this case, Bitcoin is now comfortably above its 50- and 100-day exponential moving averages, while momentum indicators such as RSI and MACD are tilting in favor of bulls. Political and Economic Risks Drive Narrative But technicals are only part of the story. Macroeconomic pressure is adding fuel to the narrative. The U.S. government is on the brink of a shutdown as political gridlock drags on in Washington, with both parties digging in over budget priorities. Any halt in operations could spark fresh concerns about economic growth, potentially nudging the Federal Reserve toward more aggressive rate cuts. That environment has historically been favorable for alternative stores of value like Bitcoin and gold. Economists are split on how serious the threat is. Moody’s chief economist Mark Zandi recently noted that while fears of an imminent downturn have eased, the economy remains vulnerable, relying heavily on AI-driven corporate investment and spending by wealthier households. He warned that this kind of growth leaves the broader recovery fragile. Adding to the uncertainty, markets are bracing for Friday’s non-farm payrolls report, a key barometer for the labor market. Strong numbers could delay the Fed’s hand…