Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

First EU-regulated on-chain exchange 21X taps Chainlink for tokenized securities

16/09/2025

Sharps Technology Jumps 70% After Raising $400M for Solana Treasury

16/09/2025

Lava Network’s Smart Router Fuels Wyoming Stablecoin Program

16/09/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Price Breaks All-Time High Record Again – Here’s What We Know

    04/08/2025

    Bitcoin Switzerland? El Salvador to Host First Fully Native Bitcoin Capital Markets

    04/08/2025

    Bitcoin Breaks $119K, but XLM and HBAR Aren’t Impressed by Its Meager Percentage Gain

    04/08/2025

    High-Stakes Consolidation Could Define Q3 Trend

    04/08/2025

    Ethereum ETF Frenzy Pushes Investors Toward This New Small-Cap

    16/09/2025

    Ether could see the ‘biggest bear trap’ this month: Analysts

    15/09/2025

    Ethereum Whale Cashes Out Millions in DAI After Price Rally: $13.2 DAI Earned

    15/09/2025

    can $4,300 support prevent a deeper correction?

    15/09/2025

    The Sui Ecosystem’s Top 3 Altcoin Performers

    29/07/2025

    Floki Launches $69000 Guerrilla Marketing Challenge With FlokiUltras3

    28/07/2025

    Crypto Beast denies role in Altcoin (ALT) crash rug pull, blames snipers

    28/07/2025

    $1.6 Billion XRP Surge: Here’s What’s Unfolding

    28/07/2025

    American Express Introduces Blockchain-Based ‘Travel Stamps’

    15/09/2025

    NFT sales show modest recovery, Pudgy Penguins jump 110%

    14/09/2025

    Twerk From Home Aims to Become the UFC of Exotic Dancing—With a Crypto Boost

    13/09/2025

    Crypto.com Launches Champions Collection With UEFA Experiences and Final Tickets Up for Grabs

    12/09/2025

    First EU-regulated on-chain exchange 21X taps Chainlink for tokenized securities

    16/09/2025

    Sharps Technology Jumps 70% After Raising $400M for Solana Treasury

    16/09/2025

    Lava Network’s Smart Router Fuels Wyoming Stablecoin Program

    16/09/2025

    Ethereum ETF Frenzy Pushes Investors Toward This New Small-Cap

    16/09/2025
  • Blockchain

    First EU-regulated on-chain exchange 21X taps Chainlink for tokenized securities

    16/09/2025

    Lava Network’s Smart Router Fuels Wyoming Stablecoin Program

    16/09/2025

    Gemini Dethrones ChatGPT as GOOG Hits $3 Trillion

    16/09/2025

    Google Gets $35 Billion Offer for Chrome as AI Browser Fight Escalates

    15/09/2025

    Unlocking a Revolutionary Era for On-Chain Finance

    14/09/2025
  • DeFi

    It Claimed to Have $12 Billion

    14/09/2025

    Thetanuts Finance Partners with Odette to Debut V4 and RFQ Engine on Base

    14/09/2025

    3 Reasons The Growth Of DeFi Is Lagging Among Institutions

    14/09/2025

    dForce Moves to Integrate AnchorX Yuan-Pegged $AxCNH Stablecoin

    14/09/2025

    Unlocking Massive Value with a Revolutionary Protocol

    13/09/2025
  • Metaverse

    Metaverse ‘still has a heartbeat’ as NFT sales jump 27% in August

    12/09/2025

    CreataChain Joins LightCycle to Advance Fashion, Interoperability, and AI in Metaverse

    05/09/2025

    new institutional ‘trust’ layer to boost tokenized ESG investment

    04/09/2025

    Metaverse developer The Sandbox lays off 50% of staff and pivots to meme coin launchpad

    28/08/2025

    Meta Breaks Up AI Lab as Part of Superintelligence Push

    20/08/2025
  • Regulation

    Sharps Technology Jumps 70% After Raising $400M for Solana Treasury

    16/09/2025

    Crypto ETPs post $1.4B losses amid recent Bitcoin, Ether sell-offs

    16/09/2025

    Coinbase, Circle, Strategy, MARA Lead Crypto Stock Post-Rally SellOff

    16/09/2025

    CBDCs close Orwell’s ’1984 loop perfectly,’ think tank says

    16/09/2025

    September Fed Rate Cut Is Now a “Go,” Say Barclays and BNP After Powell Speech

    16/09/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Binance Pay enters South Africa’s checkout lanes through Zapper tie-up

    15/09/2025

    Binance Warns Crypto Projects Against Listing Scams: Details

    15/09/2025

    Revolut Secures UAE Nod for Payments Business, Eyes Regional Expansion

    15/09/2025

    Prediction Market PredictIt Launches in October—Here’s What to Expect

    15/09/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    DeBox Partners with Mythoria to Merge AI-Led GameFi and Web3 Social Ecosystem

    16/09/2025

    Crypto Games Keep Shutting Down. This $500K Fund Aims to Help Players Recover

    14/09/2025

    Conflux Network and Salvo Alliance Targets Scalable Web3 Gaming Adoption

    13/09/2025

    Undeads Games TVL Reached $30M+

    12/09/2025

    Why Bitcoin Miners Are Powering AI’s Expansion

    14/09/2025

    Bitcoin’s Computing Muscle Flexes Harder

    13/09/2025

    Ethiopia is Turning Hydropower Into Bitcoin Mining

    13/09/2025

    Impressive 375 BTC Mined in August

    13/09/2025

    Coinbase-backed petition pushes UK on blockchain and stablecoin policy

    15/09/2025

    China Imposes New Cryptocurrency Bans! Here Are the Details…

    15/09/2025

    Input Output Joins CryptoUK to Help Shape UK’s Digital Asset Future

    15/09/2025

    CFTC Nominee Brian Quintenz tells all in Winklevoss twins fight

    15/09/2025

    First EU-regulated on-chain exchange 21X taps Chainlink for tokenized securities

    16/09/2025

    Sharps Technology Jumps 70% After Raising $400M for Solana Treasury

    16/09/2025

    Lava Network’s Smart Router Fuels Wyoming Stablecoin Program

    16/09/2025

    Ethereum ETF Frenzy Pushes Investors Toward This New Small-Cap

    16/09/2025
  • MarketCap
NBTC News
Home»Bitcoin»Why Is Bitcoin Price Up Today? BTC Climbs Above $27,000
Bitcoin

Why Is Bitcoin Price Up Today? BTC Climbs Above $27,000

NBTCBy NBTC18/09/2023No Comments4 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


The Bitcoin price is sustaining its bullish momentum from the previous day. Today, it surpassed the $27,000 threshold, a level not seen since August 31. Notably, BTC recorded its first green weekly closing candle in five weeks yesterday. As of press time, the Bitcoin price has reached an intra-day high of $27,267.

Why Is Bitcoin Price Up Today?

One major indicator that has captured analysts’ attention is the rapid increase in Open Interest. DaanCrypto, a noted figure in the crypto space, commented on the Open Interest of Bitcoin: “Bitcoin Open Interest has been ramping up like crazy these past few hours. Up +$850M in hours.” According to him, this can be an issue if spot bid disappears which could cause for a full retrace similar to before.

“This would then be due to underwater positions that entered near the top. If spot bid remains then these positions are obviously fine. Open Interest is now back to post Grayscale pump levels,” Daan stated, further noting the resilience in the spot premium at the moment, “Longs are comfy as long as spot bid is present.”

Bitcoin Open Interest | Source: X @DaanCrypto

Maartuun, the community manager at CryptoQuant Netherlands, also highlights the rapid surge in Open Interest: “Fasten your seat belts. The Open Interest goes bonkers on this break-out attempt. It has increased by $600 million (7%).”

Interestingly, Coinglass data reveals that as of press time, short liquidations for BTC remain modest, with just about $20 million in shorts being liquidated. At press time, OI skyrocketed further, up almost $1 billion (from $11.04 to $12.03 billion).

Renowned analyst @52kskew emphasized the trading behavior on Binance: “Majority chasing shorts aggressively from what I can see so far. Binance Open Interest: Binance perp OI starting to moon again with minimal price difference ~ big move brewing. OI up and insignificant change in perp delta (positions opening into price). Takers still aggressively selling into price, bulls want to see constant limit chasing on the bid here. $26.7K pivotal price for direction.”

Ali Martinez, another analyst, pointed towards Bitcoin’s 3-day chart and noted a buy signal by the TD Sequential yesterday. “A boost in $BTC buying pressure might drive prices to the channel’s mid or upper boundary – targeting $28,000 or $31,000. Still, watch the TD Risk Line at $24,500. It’s the key invalidation point.”

Buy signal
Buy signal by the TD Sequential | Source: X @ Ali_charts

From macro perspective, renowned analyst Ted (@tedtalksmacro) indicated a correlation between USD liquidity and Bitcoin price movements: “If you can track/forecast USD liquidity, you’ll have a solid idea of where price is headed.” He went on to highlight a divergence between the rise in USD liquidity and the previous stagnation of BTC, emphasizing the recent shift which might be driven by returning liquidity.

Bitcoin vs liquidity
Bitcoin vs liquidity | Source: X @tedtalksmacro

Monthly Close Will Be Crucial

As NewsBTC reported, September is historically one of the worst months of the year for the Bitcoin price. However, this year could be different if BTC continues its trend of the last few days.

Rekt Capital highlighted the potential significance of the upcoming monthly candle close for Bitcoin in a recent tweet, stating: “The upcoming Monthly Candle Close will be pivotal.” According to the analyst, Bitcoin often produces long upward wicks when it transforms old Monthly supports into new resistances.

In simple terms, an upward wick on a candlestick chart indicates price levels where Bitcoin traded during a period but didn’t close. A long wick suggests a strong rejection from those higher price levels. This could mean that while buyers tried to push the price up during the month, by the close, sellers had brought it back down, leaving a long ‘wick’ on the candlestick.

Rekt Capital suggests that these wicks can extend up to +8% beyond the candle body. The analyst notes that if the monthly candle close produces an upside wick of +7% beyond the ~$27,100 level, it could mean the price might go beyond the weekly lower high.

This could be a positive sign if the monthly close remains above $27,100, indicating it as a support level. However, if the price closes the month below $27,100 after reaching higher levels, it may confirm $27,100 as a new resistance, hinting that the recent price movement might be just a temporary upward rally.

BTC monthly close
BTC monthly close | Source: X @rektcapital

At press time, BTC stood at $27,241.

Bitcoin price
BTC climbs above $27,000 , 4-hour chart | Source: BTCUSD on TradingView.com

Featured image from iStock, chart from TradingView.com


Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

Price Breaks All-Time High Record Again – Here’s What We Know

04/08/2025

Bitcoin Switzerland? El Salvador to Host First Fully Native Bitcoin Capital Markets

04/08/2025

Bitcoin Breaks $119K, but XLM and HBAR Aren’t Impressed by Its Meager Percentage Gain

04/08/2025

High-Stakes Consolidation Could Define Q3 Trend

04/08/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

First EU-regulated on-chain exchange 21X taps Chainlink for tokenized securities

16/09/2025

Sharps Technology Jumps 70% After Raising $400M for Solana Treasury

16/09/2025

Lava Network’s Smart Router Fuels Wyoming Stablecoin Program

16/09/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.