Bitcoin (BTC/USD) News Today: Uptrend Holds Above Daily Pivot

Market news Bullish bias Sep 29, 2026, 13:02 UTC

Marcus ReedTechnical Analysis Lead · ForexR analyst

Bitcoin is trading higher during the London and New York overlap, supported by a daily uptrend and bullish news sentiment. A break above resistance at 84822.07 opens the way for further gains toward the next structural targets.

Bitcoin's Resilience on ETF Momentum

Media coverage today centers on continuing exchange-traded fund inflows, active profit-taking, and pressure from rising US Treasury yields, as reported by outlets including Crypto Economy, Tokenpost, and Crypto Daily. Additional reports highlight companies adding to their corporate cryptocurrency holdings. These are topics being discussed in the financial press, not demonstrated drivers of price action.

Measuring the tone of news coverage, independent data shows a 67% bullish share and a media mood of 92 out of 100. This sits alongside a bullish opportunity reading of 42.

Price Action and Positioning

During the London and New York overlap, Bitcoin (BTC/USD) is trading at 84309.32, up 0.98% or 819.52 dollars on the day. The intraday action spans from a low of 82716.91 to a high of 84470.63. This 1753.72-dollar range represents 75% of the 14-day average true range of 2343.78 dollars. Trend indicators show upward momentum across the daily, H4, and H1 charts, with price holding above the daily EMA200 at 74623.63 and a daily RSI reading of 60.4.

Looking at futures data as of the week to September 22, the CFTC Commitments of Traders report indicates large speculators were net long Bitcoin (BTC/USD). Over that period, speculators added to net long Bitcoin (BTC/USD).

Bitcoin Holding Above Key Levels

Price currently sits between the daily pivot at 83658.68, which acts as the nearest support, and the nearest resistance at R1 at 84822.07. Yesterday's bar closed at 83489.8.

Looking at recent historical extremes, the 5-day window recorded a high of 85245.55 and a low of 82495.28. Over the broader 20-day window, the extremes stand at a high of 87389.44 and a low of 74872.58.

For the bullish scenario, a confirmed break above the R1 trigger at 84822.07 would open the way to a target at R2 at 86154.35. A move back below the daily pivot at 83658.68 would invalidate this view. Conversely, a bearish scenario requires a break below the S1 trigger at 82326.4, setting a downside target at S2 at 81163.01. This bearish outlook would also be invalidated by a move above the daily pivot at 83658.68.

Fed Speeches and Economic Calendar Today

The economic calendar features multiple events that may introduce volatility. Today at 14:00 UTC, the US will release Consumer Confidence data and JOLTS Job Openings, with the latter estimated at 7.23. Following this data, a series of Federal Reserve officials are scheduled to speak today: Bowman at 15:00 UTC, Barr at 16:40 UTC, Goolsbee at 17:00 UTC, Williams at 18:00 UTC, and Waller at 19:00 UTC.

Tomorrow's schedule brings further high-impact releases. The US ADP Employment Change is scheduled for 12:15 UTC, carrying an estimate of 72. At 12:30 UTC tomorrow, the market will see the Annualized Gross Domestic Product and the Core Personal Consumption Expenditures Price Index (YoY), which carries an estimate of 3.4.