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3 10, 2025

Stays above 173.00 after rebounding from 50-day EMA

By |2025-10-03T08:51:56+03:00October 3, 2025|Forex News, News|0 Comments

EUR/JPY gains ground after a neutral day, trading around 173.10 during the Asian hours on Friday. The technical analysis of the daily chart indicates a revival of bullish bias as the currency cross rebounded toward the ascending channel pattern.

However, the 14-day Relative Strength Index (RSI) remains below the 50 mark, suggesting that bearish bias is still in play. Additionally, the short-term price momentum is weaker as the EUR/JPY cross is positioned below the nine-day Exponential Moving Average (EMA).

On the downside, the primary support appears at the 50-day EMA at 172.49. A break below this level would weaken the medium-term price momentum and put downward pressure on the EUR/JPY cross to navigate the region around the three-month low of 169.72, which was recorded on July 31.

A successful return into the ascending channel would revive the bullish bias and lead the EUR/JPY cross to test its initial barrier at the nine-day EMA of 173.48. Further advances would improve the short-term price momentum and support the currency cross to explore the area around the ascending channel’s upper boundary at 175.40, aligned with the all-time high of 175.43, reached in July 2024.

EUR/JPY: Daily Chart

Euro Price Today

The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the Japanese Yen.

USD EUR GBP JPY CAD AUD NZD CHF
USD -0.08% -0.09% 0.28% -0.01% -0.05% -0.05% -0.04%
EUR 0.08% 0.05% 0.35% 0.08% 0.04% 0.03% 0.04%
GBP 0.09% -0.05% 0.34% 0.01% -0.01% -0.02% -0.01%
JPY -0.28% -0.35% -0.34% -0.29% -0.34% -0.34% -0.34%
CAD 0.01% -0.08% -0.01% 0.29% -0.02% -0.04% -0.02%
AUD 0.05% -0.04% 0.01% 0.34% 0.02% -0.01% -0.03%
NZD 0.05% -0.03% 0.02% 0.34% 0.04% 0.01% 0.01%
CHF 0.04% -0.04% 0.00% 0.34% 0.02% 0.03% -0.01%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).

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3 10, 2025

Matcha shortages, tariffs cause companies to raise prices – The Daily Texan

By |2025-10-03T08:49:47+03:00October 3, 2025|Dietary Supplements News, News|0 Comments


Matcha, a Japanese green tea powder, has surged in popularity in recent years, but shortages and increased tariffs are forcing Austin tea shops to raise prices. 

Over the past three years, matcha retail sales in the U.S. have increased by 86%, according to the Associated Press. Amy March, co-founder and executive chef of Austin-based tea shop The Steeping Room, said demand for matcha at her business started skyrocketing in summer 2024, which was a major factor in her decision to focus on the tea side of the business full-time. 

“The matcha costs at least 2 1/2 times what we were paying last summer for us to purchase,” March said.

As a result, March said her business is making decisions to stop carrying some high-grade matcha from farmers in Japan due to increased costs. 

The U.S. currently has a 15% tariff on imports from Japan. March said tariffs are greatly affecting her business. 

“The idea that this is something that the business or the country that I’m importing from is paying that tariff is incorrect,” March said. “We get the bill.” 

One Japanese matcha manufacturing company March previously bought from charged around $17 to $25 for a 20-gram bag last year before additional expenses like shipping, tariffs and packaging. Now, the same tea costs $50–$56 for 20 grams, she said in a message.

Marketing professor Raji Srinivasan said tariffs can increase the price of matcha for some small businesses, like The Steeping Room, and cause irregularities in supply. 

“If Japan is able to export matcha to other countries where it can actually sell it faster than it can to the United States, there’s going to be a diversion of the supply from the United States to other countries,” Srinivasan said. 

Government senior Tasmuna Omar hosts “Matcha Mondays” to fundraise for the Bengali Students Association. She said she buys Ujido matcha, a variety sourced from Kyoto and found at H-E-B for about $25, and has not noticed a price increase. 

Ujido matcha prices have not changed, the company confirmed on its website. As of Oct. 2, the specific Ujido matcha Omar buys is out of stock at H-E-B and sold out on Ujido’s website.

Bigger stores, like H-E-B, may not be seeing price increases and low stock in comparison to small businesses due to their negotiation power and their ability to stock in advance, allowing them to have “more flexibility in their operations,” Srinivasan said. 

During a recent business trip to Japan, March said some companies refused to sell her their products, even with growing U.S. demand for matcha powder. Some matcha growers in Japan do not sell their product outside their country, March said. 

“They’re 300-year-old companies,” March said. “They know that a North American flurry is going to come and it’s going to go.”



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3 10, 2025

XAU/USD buyers refuse to give up yet, eyeing seventh straight weekly gain

By |2025-10-03T06:59:41+03:00October 3, 2025|Forex News, News|0 Comments


Gold is flatlining in a tight range above $3,850 early Friday, following its two-way business on Wednesday, on track to register the seventh consecutive weekly rise.

Gold pauses before the next push higher

The Artificial Intelligence (AI) frenzy-driven record highs on global stocks and a bout of profit-taking seemed to restrict the yellow metal’s upside attempts in the US last session.

Despite the pullback from record highs of $3,897, Gold manages to attract bargain-hunting demand as increased dovish expectations surrounding the US Federal Reserve (Fed) continue to bode well for the non-yielding bright metal.

Additionally, the haven demand for Gold remains intact amid a data blackout, courtesy of the extension of the US government shutdown, and the ongoing geopolitical tensions surrounding Russia and the North Atlantic Treaty Organization (NATO) nations.

Germany’s federal Police spokesperson told BILD newspaper that Munich airport has been closed following drones spotted over the airport.

Recent drone sightings across the European Union prompted a leaders’ summit in Copenhagen this week.

20 Russian drones crossed into Poland and Russian MiG-31 jets entered Estonian airspace in separate recent incidents.

In light of this, the Group of Seven (G7) nations have vowed to tighten sanctions enforcement against Russia, pledging to phase out remaining imports and warning of penalties for countries and firms helping to finance Moscow’s war effort.

Looking ahead, Gold could see fresh retracement moves if traders continue to ignore the US shutdown concerns, further fuelling the risk rally. Markets believe that the shutdown is unlikely to last longer than a week and will likely have a negligible economic impact.

Meanwhile, the ISM Services PMI data and Fedspeak could offer fresh hints on the Fed’s path forward on easing, providing Gold traders some incentives heading into the weekend.

Gold price technical analysis: Four-hourly chart

As observed on the four-hour chart, the 14-day Relative Strength Index (RSI) holds above the midline, despite the latest move lower.

Therefore, the leading indicator continues to indicate that any dip in Gold could be quickly bought in.

Buyers must find acceptance above the $3,900 level on a daily/ weekly closing basis to resume the bullish momentum.

The next topside hurdle is located at the $3,950 barrier on the way to the $4,000 mark.  

Conversely, if the correction extends, Gold could test the initial support at $3,803, the 50-Simple Moving Average (SMA), below a drop toward the 100-SMA at $3,736 cannot be ruled out.  

Deeper declines could target the $3,700 round figure.



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3 10, 2025

Top fish oil supplements for daily energy and immunity: Best sale offers at Amazon Great Indian Festival 2025

By |2025-10-03T06:48:47+03:00October 3, 2025|Dietary Supplements News, News|0 Comments


Ever feel drained, unfocused, or run down despite eating well? Omega-3 fatty acids, especially EPA and DHA, are vital for daily energy, immune support, and maintaining heart and brain health. High-quality fish oil supplements can fill this nutritional gap, reduce inflammation, support cognitive function, and promote cardiovascular well-being, making them an essential part of long-term health. While premium fish oil tablets are often costly, the Amazon Great Indian Festival 2025 offers an opportunity to access top-tier options at up to 60% off—the lowest prices of the year. This article highlights the top high-purity fish oil tablets available, carefully selected for their effectiveness, quality, and overall health benefits.


Daily fish oil supplements for immunity, heart, and energy – grab top picks on Amazon Great Indian Festival.(AI generated)

These deals are limited, and stock is likely to run out quickly. Enhance your daily wellness with the right fish oil supplement, but only after consulting your healthcare professional to ensure it’s suitable for you.

 

8 best fish oil tablets for daily immune support:

Daily fish oil supplementation helps strengthen the immune system, reduce inflammation, and support overall health for an active and balanced lifestyle.

1.
WOW Life Science Omega-3 Fish Oil 1300 mg Triple Strength – …

This fish oil supplement provides 1,300 mg of omega-3 per serving, comprising 550 mg of EPA and 350 mg of DHA. These essential fatty acids support heart health, enhance cognitive function, and promote joint flexibility and mobility. The burpless, mercury-free formula ensures easy digestion and is ideal for those following a keto diet. Each bottle contains 180 capsules for convenient daily use.

2.
hk vitals Fish Oil (30 Capsules) | For Men And Women (1000mg…

3.
Neuherbs Deep Sea Omega 3 Fish Oil

Choose these triple-strength fish oil tablets for their high EPA and DHA content, ensuring maximum omega-3 benefits. It supports heart health, improves brain function, promotes joint flexibility, and maintains eye wellness. The lemon-flavoured softgels are easy to digest, making daily supplementation simple and effective for men and women seeking comprehensive overall health support.

4.
BBETTER Omega 3 Fish Oil Capsules 1000mg | Lab Tested Fish O…

Formulated with 180 mg EPA and 120 mg DHA per 1000 mg capsule, these lab-tested fish oil softgels offer high absorption without fishy aftertaste. The precise omega-3 balance supports heart health, cognitive function, eye wellness, and joint comfort. Ideal for men and women seeking a reliable and effective supplement, it’s a smart choice for overall daily health.

5.
Swisse Fish Oil with 1500mg Omega 3 – One Capsule Per Servin…

Supports immune health, heart function, and cognitive wellness with 1500 mg omega-3 per capsule. Designed for adults seeking daily overall health support, this high-potency fish oil simplifies supplementation with just one capsule per day. It aids joint comfort, boosts energy, and contributes to long-term wellness, making it an ideal choice for those aiming to maintain a balanced, healthy lifestyle.

6.
MuscleBlaze Omega 3 Fish Oil Gold

Promotes natural inflammation control and supports recovery with 1,300 mg of omega-3 per capsule, including 500 mg of EPA and 400 mg of DHA. Its triple-strength formula enhances heart health, brain function, and joint flexibility while offering a smooth, fishy-aftertaste-free experience. Designed for easy daily use, it’s ideal for adults seeking a convenient way to maintain overall wellness and vitality.

7.
Tata 1mg Salmon Omega 3 Fish Oil Supplements 1000mg – 90 Cap…

Supports healthy cholesterol levels, making it an ideal choice for individuals seeking to manage their heart health. Each 1000 mg capsule contains 180 mg of EPA and 120 mg of DHA in triglyceride form for improved absorption. Regular supplementation promotes brain function, joint flexibility, and cardiovascular wellness. Easy-to-take capsules provide a convenient daily dose of essential omega-3 fatty acids for overall long-term health.

8.
Centrum Omega-3 Fish Oil

These Omega-3 Fish Oil capsules deliver essential EPA and DHA to support heart, brain, joint, skin, eye, hair, and muscle health. These high-quality omega-3 fatty acids help maintain normal blood pressure and triglyceride levels in healthy individuals, promote healthy cognition and eye health, and improve skin and hair health. Ideal for adults seeking comprehensive wellness support.

Similar stories for you:

 

Plant-based protein powder: 10 best options for daily nutrition and overall fitness

Protein powder 4kg: Top 7 picks for daily nutrition and support healthy metabolism

Amazon Great Indian Festival 2025 early deals: Top 8 protein powder picks to support daily protein intake

 


Disclaimer: At Hindustan Times, we help you stay up-to-date with the latest trends and products. Hindustan Times has an affiliate partnership, so we may get a part of the revenue when you make a purchase. We shall not be liable for any claim under applicable laws, including but not limited to the Consumer Protection Act, 2019, concerning the products. The products listed in this article are in no particular order of priority.

 


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3 10, 2025

Solana Price Prediction: Breakout Structure Points Towards $360 Rally if $250 Resistance Falls

By |2025-10-03T06:32:40+03:00October 3, 2025|Crypto News, News|0 Comments

Solana price is holding firm above its breakout zone, with bulls eyeing the $250 resistance as momentum builds towards a potential rally into higher targets.

A clean retest at $210 has put Solana price back in the spotlight, showing that bulls aren’t ready to give up momentum just yet. The move turned a former resistance zone into solid support, setting the stage for buyers to push towards the mid-$200s.

Solana Price Retest Clears the Path Higher

Solana price has successfully retested its breakout zone near $210, keeping the ascending trendline intact. The structure suggests that the bullish momentum remains active, with Fibonacci extensions pointing towards the $320 to $360 range as potential upside targets. The higher lows formed since late summer continue to reinforce this setup, giving bulls a strong technical foundation.

Solana retests $210 breakout zone, reinforcing its bullish structure and eyeing a move towards $320–$360. Source: Ali Martinez via X

Ali Martinez noted that the bullish retest adds further conviction to the breakout case, showing how prior resistance has now flipped into support. If this level continues to hold, the chart leaves little in the way before the next major expansion phase. Buyers will likely aim at reclaiming mid-$200s first before accelerating into the projected targets.

Solana Key Resistance at $250 Level

Solana attempts a strong recovery from $200 level and now, Solana price faces a notable hurdle around the $250 mark. Order book data highlights a heavy concentration of sell orders in this area, creating a resistance wall that may temporarily cap upside momentum. Historically, such supply clusters have slowed rallies, leading to short-term consolidations before continuation.

Solana Price Prediction: Breakout Structure Points Towards 0 Rally if 0 Resistance Falls

Solana faces a heavy sell wall at $250, with bulls needing a breakout to unlock upside towards $270 and beyond. Source: CW8900 via X

CW8900 highlighted how the $250 level stands out on liquidity maps as the key battleground for bulls. A clean break above it would confirm renewed demand and likely spark a stronger push towards $270 and beyond. Until then, price action may stay choppy as buyers attempt to absorb the selling pressure.

Fractal Signals Align With Rally Setup

Repeating fractal behavior is once again emerging on SOL Solana’s daily chart. Previous consolidations followed by explosive rallies of 50–80% have played out multiple times this year, and the same pattern now points towards $301 as the next milestone. The consistency of these fractals highlights how SOL’s accumulation phases continue to reset momentum for another round of expansion.

Fractal Signals Align With Rally Setup

Solana’s daily chart shows repeating fractals pointing toward $301, echoing past rallies of 50–80%. Source: Kamran Asghar via X

Crypto analyst Kamran Asghar emphasized that this “playbook” of consolidation followed by rallies has been repeating with precision. If history rhymes again, the breakout could not only retest $300 but also build confidence in Solana’s ability to sustain longer-term growth.

CME Data Shows Institutions Are Active

On-chain and derivatives data reinforce the bullish undertone. CME open interest for Solana futures has surged nearly tenfold over the last two months, rising from under $200 million to almost $2 billion. This rapid institutional engagement signals that professional traders and funds are increasingly positioning around Solana’s next big move.

CME Data Shows Institutions Are Active

CME open interest in Solana futures jumps from $200M to nearly $2B, highlighting surging institutional activity. Source: Velo via X

These ramatic spikes in open interest often coincide with broader trend shifts, as capital inflows from institutions tend to amplify volatility and drive price discovery. With open interest still climbing, the likelihood of extended momentum remains firmly in play.

Solana Price Prediction: Long-Term Structure Supports $1000

Zooming out to the long-term Gordon’s logarithmic chart, Solana’s structure is showing a clean consolidation base with potential for exponential upside. The market has been grinding higher within a broad accumulation range, and a breakout from this structure could unlock a multi-hundred-percent rally.

Solana Price Prediction: Long-Term Structure Supports $1000

Solana’s long-term logarithmic chart suggests a path towards $1000. Source: Gordon via X

From a logarithmic perspective, $1000 is not an unrealistic target if the current cycle follows through. The technicals show a series of higher highs and higher lows forming the backbone of this bullish thesis. For long-term holders, this view provides context beyond short-term volatility and highlights the scale of Solana’s potential.

Closing Thoughts

Solana price is flashing strength on multiple fronts, technical retests, fractals, institutional flows, and long-term structures all align in a supportive narrative. Near-term hurdles like the $250 sell wall may slow progress, but the broader picture leans heavily toward continuation.

If support zones remain intact and institutional flows persist, Solana could be well on its way to reclaiming the $300 zone before eying higher cycle targets. Combined with on-chain conviction and consistent fractal behavior, the case for extended bullish momentum continues to strengthen.



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3 10, 2025

Top 4 breakfast drinks that can help prevent bloating and how to make them

By |2025-10-03T04:47:33+03:00October 3, 2025|Dietary Supplements News, News|0 Comments


Breakfast is one of the most important meals of the day. As per nutritionist Rujuta Diwekar, skipping breakfast is not a healthy practice. It often leads to consuming more calories later in the day, which often leads to gut health issues. Addressing the same, Dr. Saurabh Sethi, a gastroenterologist trained at AIIMS, Harvard, and Stanford universities, recently shared a list of top 4 breakfast drinks that can help prevent bloating and keep the gut healthy and the body energized.





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3 10, 2025

Copper price repeats the positive closes– Forecast today – 2-10-2025

By |2025-10-03T02:55:45+03:00October 3, 2025|Forex News, News|0 Comments


The (ETHUSD) price soared high in its last intraday trading, resuming its strong gains amid the dominance of the bullish corrective trend on the short-term basis and its trading alongside supportive trendline for this track, with the continuation of the positive pressure due to its trading above EMA50, with the emergence of the positive signals on the relative strength indicators, despite reaching overbought levels, indicating the strength of the positive momentum.

 

Therefore, our expectations suggest a rise in the (ETHUSD) price in its upcoming intraday trading, conditioned by its stability above $4,280, to target the initial resistance level at $4,500.

 

 

 

 

 

 

 

 

 

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3 10, 2025

GBP/USD Forecast: Dollar Pressured by Shutdown and Fed Cut Expectations

By |2025-10-03T02:47:03+03:00October 3, 2025|Forex News, News|0 Comments


– Written by

The Pound to US Dollar (GBP/USD) exchange rate was largely muted on Thursday despite an ongoing US government shutdown.

At the time of writing, GBP/USD was trading at approximately $1.3497, virtually unchanged from the start of Thursday’s session.

The US Dollar (USD) remained under pressure against most of its peers on Thursday, weighed down by the ongoing US government shutdown.

Adding to the Dollar’s struggles was Wednesday’s ADP employment change report, which fell sharply to -32k, well below the expected rise to 50k.

The disappointing reading heightened expectations for future Federal Reserve interest rate cuts, further undermining USD exchange rates during Thursday’s European session.

Meanwhile, a slightly positive market mood also limited the ‘Greenback’s’ appeal on Thursday, as risk-on sentiment weighed on its safe-haven status.

The Pound (GBP) remained largely steady against most of its peers on Thursday, despite a quiet UK economic calendar.

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Sterling drew limited support from the broadly positive market sentiment, with its risk-sensitive characteristics allowing it to gain slightly against traditional safe-haven currencies.

However, this same sensitivity to risk meant that GBP struggled against more risk-linked currencies, limiting any meaningful upside.

With no domestic data to drive momentum, the Pound largely drifted throughout Thursday’s European session, finishing the day on a subdued note.

Pound to US Dollar Forecast: UK and US PMIs to Drive Movement

Looking ahead to Friday’s European session, the GBP/USD exchange rate is set to be influenced by the release of the latest services PMIs from both the US and the UK.

In the US, the ISM services PMI will be the only significant data point, as the ongoing government shutdown prevents the publication of the latest non-farm payrolls and unemployment figures.

September’s reading is forecast to dip slightly, though it is still expected to remain above the 50 mark that separates expansion from contraction.

Should the data meet expectations, it could provide modest support for USD exchange rates.

For the UK, attention will turn to September’s finalised S&P services PMI.

The index is forecast to confirm a slowdown in the country’s key services sector, potentially weighing on investor sentiment towards Sterling.

If the data prints as expected, GBP exchange rates may struggle to gain ground, leaving the Pound vulnerable to renewed pressure as the week comes to a close.

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3 10, 2025

Scientists make controversial conclusion about daily multivitamins

By |2025-10-03T02:45:50+03:00October 3, 2025|Dietary Supplements News, News|0 Comments


A new analysis of 390,124 healthy U.S. adults, tracked for more than 20 years, reports no link between taking a daily multivitamin and living longer. 

Plenty of people reach for a daily pill to cover nutritional gaps. The new results point in a different direction for longevity in generally healthy adults.

Studying daily multivitamin use

The research team followed participants in three large U.S. cohorts that began in the 1990s and early 2000s, all free of cancer and major chronic disease at the start.

This design is called a cohort study, which observes people over time and links their habits to later health outcomes.

After accounting for age, sex, race and ethnicity, education, smoking, body weight, and diet quality, the team compared daily multivitamin users with nonusers. The headline result did not change after these adjustments.

The study recorded 164,762 deaths during follow-up, including deaths from cancer, heart disease, and cerebrovascular disease.

Daily multivitamin (MV) use showed no reduction in all cause mortality or these major categories.

The work was led by Erikka Loftfield, PhD, National Cancer Institute (NCI). She and colleagues also checked whether results looked different by age, smoking status, and diet quality.

What the results mean

In the first half of follow-up, daily users had a 4 percent higher risk of death compared with nonusers. The study showed a “multivariable adjusted hazard ratio” of 1.04 and a 95 percent confidence interval of 1.02 to 1.07.

In the later years, the risk estimate was similar and not statistically different from 1.00.

“MV use was not associated with a mortality benefit,” wrote Loftfield. That conclusion fits the overall pattern of the data.

A hazard ratio compares risk between groups over time, with 1.00 indicating no difference. Values just above or below 1.00 suggest small differences that may or may not be meaningful after considering uncertainty.

How this fits with prior research

“The USPSTF concludes that the current evidence is insufficient to assess the balance of benefits and harms of the use of multivitamin supplements for the prevention of cardiovascular disease or cancer,” stated the U.S. Preventive Services Task Force (USPSTF).

That 2022 study reviewed randomized trials.

In the Physicians’ Health Study II, a large randomized trial in more than 14,000 male physicians, a daily multivitamin did not reduce major cardiovascular events or cardiovascular mortality after about 11 years.

That trial aligns with the new observational findings on longevity.

Editorial commentary characterized the mortality finding as consistent with mostly negative prior results. The pattern across methods, randomized and observational, tells a similar story for lifespan in well nourished adults.

Why people still take multivitamins

Many adults still use multivitamins for peace of mind or to backstop uneven diets. About one third of U.S. adults report recent use, according to an NIH Office of Dietary Supplements fact sheet.

Behavior can complicate research in this area. People who take supplements often exercise more and eat better, a form of healthy user bias that can make pills look better than they are in simple comparisons.

Reverse causation can also creep in when people start supplements after health problems appear. The new analysis tried to address both issues by adjusting for lifestyle and by examining time windows across decades.

Who might consider supplements

The study focused on generally healthy adults without major chronic disease at the start. Its findings do not apply to people with documented deficiencies or special needs.

The CDC has a longstanding recommendation that all women capable of becoming pregnant get 400 micrograms of folic acid daily to help prevent neural tube defects.

Clinicians also consider targeted supplements for specific conditions, such as vitamin D in people with low blood levels, or vitamin B12 in those with absorption problems.

Talk with your clinician before starting or stopping supplements, especially if you take medications. Labels can look simple, yet ingredients and doses vary a lot.

Daily multivitamins and human health

Multivitamins may still play a role in areas beyond mortality. Researchers have noted interest in how certain nutrients could affect cognition, eye health, or immune function.

Trials testing targeted outcomes, such as the impact of vitamin C or zinc on colds, have found mixed evidence, but these remain active areas of study.

Some studies suggest multivitamin use could influence short term measures like fatigue or mood, though findings vary.

Evidence on these fronts is less consistent than for mortality or chronic disease, yet they highlight that supplements may have benefits unrelated to lifespan.

The best supported steps for longer, healthier life remain familiar. Do not smoke, keep moving, eat a varied diet rich in plants, sleep well, and manage blood pressure and blood sugar.

Supplements can be useful in narrow, evidence based situations. For most healthy adults, a daily multivitamin does not appear to extend life.

The study is published in JAMA Network Open.

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3 10, 2025

Bitcoin (BTC) Price Today Prediction: Bitcoin Smashes Past $118K Resistance as Traders Await $120K Breakout

By |2025-10-03T02:28:52+03:00October 3, 2025|Crypto News, News|0 Comments

The BTC price surge follows strong buying pressure above $116,500, setting the stage for a potential run toward $120,000 in the short term.

Bitcoin (BTC) has extended its bullish momentum, breaking through the $118,000 resistance level before consolidating in the $114,000–$116,000 range.

According to market data, Bitcoin recently formed a high at $119,453 and is now trading above the 100-hourly simple moving average. “A short-term bullish trend line is holding firm near $117,000, which remains a critical support level,” analysts noted in the latest Bitcoin price news today.

Resistance Ahead: $119,500 and Beyond

The immediate resistance for the price of Bitcoin sits near $119,000, with a stronger barrier at $119,500. A confirmed close above this zone could accelerate bullish momentum and trigger a test of $120,500. Analysts warn that a decisive breakout could even open the door toward $122,500 and possibly $123,000.

Bitcoin is trading within a falling wedge, bouncing from support, with a breakout above $120K needed to sustain bullish momentum toward $124K–$126K. Source: Grace-Miller on TradingView

On the downside, if Bitcoin fails to hold above $117,000, support lies near $116,150, followed by $115,500. A deeper pullback may take the BTC price closer to $114,000, with the main support anchored around $113,500.

Technical Signals: Momentum Stays Bullish

Technical indicators support the bullish outlook. The hourly MACD for BTC/USD is strengthening in the positive zone, while the RSI remains above 50, suggesting healthy demand. On the 4-hour chart, Bitcoin has carved out a bullish flag pattern, often a sign of accumulation before another leg higher.

Bitcoin (BTC) Price Today Prediction: Bitcoin Smashes Past 8K Resistance as Traders Await 0K Breakout

BTC/USD has broken out of a long-term symmetrical triangle, showing strong bullish momentum with a target near 123,700. Source: Trend_logic on TradingView

Jamie Redman, writing in a recent Bitcoin price prediction today, observed:

“A series of higher lows since the $107,270 bottom signals momentum is building for a breakout. If volume strengthens, Bitcoin could target the $124,000 zone, echoing the highs seen in August.”

Market Context: Uptober Energy

Bitcoin’s rally coincides with the start of October, historically one of its strongest months. Traders often call it “Uptober” due to consistent seasonal strength. The BTC market cap currently sits above $2.32 trillion, with 24-hour trading volumes around $61 billion, reflecting robust participation from institutional and retail players alike.

Bitcoin

Bitcoin (BTC) was trading at around $118,497, up 3.45% in the last 24 hours at press time. Source: Bitcoin Price via Brave New Coin

Still, caution lingers. Some analysts argue that without a convincing push above $119,500, the rally risks fading. “Momentum is strong, but the $118,000–$120,000 zone is the velvet rope of this rally,” one trader noted, warning of a possible bull trap if volumes dry up.

Bitcoin Price Prediction: Eyes on $120K and Beyond

While short-term fluctuations are inevitable, sentiment remains broadly bullish. If Bitcoin successfully breaks the $120K threshold, many Bitcoin predictions suggest the next major target could be $124,000. In the longer term, some analysts highlight the Bitcoin price forecast 2025 scenarios that envision significantly higher valuations, depending on adoption trends, ETF inflows, and macroeconomic conditions.

For now, all eyes remain on the $119,500 resistance. A strong breakout could propel the BTC price into new territory, reinforcing optimism that BTC’s upward momentum is far from over.

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