Bitcoin (BTC) is seeing strong upward momentum today, October 1, 2025, rising roughly 3% in the last 24 hours and trading near 120263.19. Traders will be focused on whether Bitcoin can sustain the rally or face resistance headwinds ahead as they look closely at what news is moving Bitcoin today.
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Key News Impacting Bitcoin Price Today
A substantial portion of the US government ceased operations after lawmakers and the President failed to agree on a spending bill. As such, capital is increasingly shifting toward assets outside the traditional fiat system. This, combined with a weaker US dollar, is creating a favorable environment for Bitcoin.
(Bitcoin key news price chart October 1, 2025)
Bitcoin has also recently cleared near-term resistance zones, adding another positive sign for today’s rise.
Assessing what news is moving Bitcoin today, it seems that the overall trend for the cryptocurrency is still up, but caution is still advised due to the situation with the US government shutdown.
Bitcoin Price Levels To Watch
Considering how the price is behaving at the moment, if Bitcoin gets to and above the $117,000 level, it would show that the rally is strong. That said, this is also a zone where it could face a big challenge.
For the bullish trend to resume convincingly, Bitcoin must keep above the $114,500 zone.
With that in mind, the $113,000 is probably the most important safety net, since it’s where the price recently bounced before, making it a key level to watch for buyers to defend.
What’s Next for Bitcoin?
Where Bitcoin goes next depends on whether it can stay above its support floors and push through its price ceilings.
If the rally is to continue, Bitcoin needs to hold above $114,500 and then break past $117,000. However, if it fails and starts dropping below $113,000, that would be a clear sign of a bearish outlook.
It’s worth pointing out that the current trend is still favoring the bulls.
In any case, for a longer-term forecast, check out our full Bitcoin price prediction.
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Conclusion
Bitcoin’s gain shows a renewed bullish enthusiasm that seems to be fueled by its recent push higher and positive chart setup. Looking at what news is moving Bitcoin today, the US government shutdown probably plays a notable role in BTC’s rise. Still, whether Bitcoin can carry the momentum higher will depend heavily on volume and how the government situation resolves.
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