Bitcoin Shows Signs of Readiness for October Rise

Despite volatility, the leading cryptocurrency's price rose by 5% in September. Analysts have identified several key indicators signaling a potential “major move” in Bitcoin.

CryptoQuant experts noted a decline in the RSI (Relational Significant Index) for stablecoins, reaching a multi-month low of 21. This metric measures the purchasing power of stablecoins relative to digital gold and is currently in the accumulation zone.

Stablecoin Supply Ratio RSI Signals Buy 🔍

The Stablecoin Supply Ratio (SSR) RSI is at 21, and is 'buy' territory. The Stablecoin Supply Ratio (SSR) measures the buying power of stablecoins relative to Bitcoin.

It's calculated by dividing Bitcoin's market cap by the market cap… pic.twitter.com/ZXV9UE7p5y

— CryptoQuant.com (@cryptoquant_com) September 30, 2025

Similar metric levels in May accompanied the formation of a Bitcoin price bottom below $75,000. This was followed by a 67% rise to an all-time high of around $124,500.

The decrease in the ratio indicates an increase in the purchasing power of stablecoins, which is confirmed by growing liquidity—the issuance of more than 10 billion USDT over the past 60 days.

Source: X/CryptoQuant.

“This is a clear sign of fresh liquidity entering the market. The growing supply of stablecoins creates a powerful foundation for a bull market,” the experts concluded.

CryptoQuant also noted long-term Bitcoin holders, who continue to increase their holdings. Their addresses hold a record 298,000 BTC.

Source: X/CryptoQuant.

According to experts, this indicates optimism among investors regarding the potential of the first cryptocurrency.

Formation of the bottom

Bitwise previously indicated that Bitcoin's downward phase had ended. According to experts, sellers appear “increasingly exhausted.”

The analytical platform Swissblock also emphasized that the crypto market has entered a “reset.” This is evidenced by the Impulse Signal indicator, which tracks the price dynamics of 350 leading assets. The metric has fallen from 100% several weeks ago to the current 20%.

3/ At that exact point, the Impulse Signal collapses to zero.

That's the moment panic exhausts and new buyers step in.
Since early 2024, this reset has only happened 3 times.
Each one marked a cycle bottom.
Each one was followed by a sustained recovery.

We are approaching that… pic.twitter.com/a6szs47CtH

— Swissblock (@swissblock__) September 30, 2025

“This is the moment when panic subsides and new buyers arrive,” experts noted.

They added that this has only happened three times since the beginning of 2024, and each marked a “cycle bottom” for digital gold. This was followed by a sustained recovery in the cryptocurrency's price.

“We are approaching such a configuration again,” Swissblock concluded.

Resumption of correlation with gold

Bitcoin's price has risen 3.5% over the past 24 hours. At the time of writing, the leading cryptocurrency is trading at around $116,500.

Binance BTC/USDT hourly chart. Source: TradingView.

The asset's recovery coincided with a rise in gold, which reached a new all-time high. On October 1, the precious metal's price rose to a record $3,895 per ounce.

Technical analysis confirmed the resumption of the Bitcoin-gold correlation: a trader nicknamed HTL-NL published a chart of the BTC-to-gold ratio. It shows an attempt to break through key long-term resistance.

$BTC in gold. pic.twitter.com/XhVxMk655A

— HTL-NL 🇳🇱 (@htltimor) October 1, 2025

Andre Dragos, head of European research at Bitwise, believes that gold's rally has run its course. He believes this could have a positive impact on risky assets, including cryptocurrencies.

Green September

For the third year in a row, Bitcoin closed September in positive territory. Historically, this month has been considered one of the worst for digital gold.

Source: CoinGlass.

An analyst going by the pseudonym Mikybull Crypto noted that every successful September for cryptocurrency was “followed by a massive rally in the fourth quarter.”

As a reminder, experts predicted Uptober despite fear signals.

Source: cryptonews.net