Kategorie: Bitcoin News

• Bitcoin has surged to a new all-time high, surpassing $125,750.
• The rally follows a volatile September, with Bitcoin soaring over 9% in October.
• The key $120,000 level has been successfully turned into a support base.

The king of crypto has reclaimed its crown in a stunning display of power and resilience.

Bitcoin has shattered its previous all-time high, blasting past the monumental $125,000 barrier in a powerful surge that signals the triumphant return of the bulls.

The record-breaking performance, which saw the cryptocurrency touch a staggering 125,750 dollars in early Sunday trading, is a defiant roar from a market that has shaken off the blues of a volatile September and is now charting a bold new course.

A fortress at $120,000: The anatomy of a breakout

This is not a random surge; it is a rally built on a powerful technical foundation.

The latest milestone comes after the market successfully defended the critical 120,000 dollar level, transforming what was once a ceiling of resistance into a solid floor of support.

This successful conversion was the final piece of the puzzle, the technical green light that has paved the way for this powerful new leg higher and reinforced investor confidence in the cryptocurrency’s long-term prospects.

The powerful upswing, which has seen Bitcoin’s value soar by over 9 percent in October alone, is a testament to the asset’s growing acceptance and its remarkable ability to rebound from periods of turbulence.

A flight to safety, a bet on debasement

The rally is not happening in a vacuum. It is being fueled by a potent cocktail of macroeconomic uncertainty and a growing narrative that the value of traditional fiat currencies is being eroded.

The ongoing US government shutdown has injected a deep sense of instability into the global financial system, a chaos that appears to be driving investors toward alternative stores of value.

This “dollar debasement narrative” is not just lifting Bitcoin; its effects are visible across the safe-haven spectrum.

Spot gold also advanced on Friday to 3,876.55 dollars per ounce, lifting its weekly gain to over 2 percent in a powerful parallel move.

“With many assets including equities, gold and even collectibles like Pokemon cards hitting all time highs, it’s no surprise Bitcoin is benefiting from the dollar debasement narrative,” said Joshua Lim, co-head of markets at the crypto prime brokerage firm FalconX, in a statement to Bloomberg.

As the world grapples with a new era of economic uncertainty, Bitcoin is once again making its case as a viable and powerful alternative.

The king is back on his throne, and the market is watching with bated breath to see just how high his new reign will take him.

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• Bitcoin nears record $124K after strong September and Uptober surge.
• Institutional ETF inflows and corporate buys fuel bullish momentum.
• Analysts project $160K–$200K if demand growth continues in Q4.

Bitcoin (BTC) has stormed into the final quarter of 2025 with the kind of momentum that traders had hoped for, breaking through the $120,000 barrier and reigniting talk of fresh all-time highs.

The rally comes on the heels of a surprisingly strong September and is already being described as the early stages of what could be a historic “Uptober.”

With BTC now hovering just a few percentage points below its record high of $124,128 set in August, analysts and on-chain observers say the conditions are aligning for a drive toward $200,000 before year’s end.

Seasonal surge takes hold

September closed above $114,000, up about 5% for the month, bucking the usual trend of weakness and building a foundation for October’s breakout.

Historically, whenever September has ended in the green, the fourth quarter has delivered outsized gains, with years like 2015, 2016, 2023, and 2024 producing average rallies above 50%.

That pattern, coupled with October’s average gain of 21.8% and November’s 10.8%, has cemented “Uptober” as more than a slogan for crypto traders.

Already this month, Bitcoin has climbed nearly 10% in a week, extending a year-to-date gain of about 27%.

The proximity to its all-time high adds to the sense of inevitability that new records are within reach if demand continues to hold.

Institutions are driving BTC demand

Behind the price action, institutional activity is setting the tone.

US spot Bitcoin ETFs have pulled in billions in inflows since early September, including more than $600 million for two consecutive days and $2.25 billion over the past week.

BlackRock’s IBIT ETF has emerged as the centre of this demand, with its options open interest topping $38 billion and even surpassing Deribit, traditionally the largest derivatives venue.

Corporations are also reinforcing the bullish trend. Strategy, formerly MicroStrategy, now controls 3.2% of Bitcoin’s total supply after adding more than 11,000 coins in recent weeks.

The steady accumulation reduces exchange supply and signals confidence from long-term holders.

This kind of sustained buying creates an upward pressure that is difficult for the market to ignore.

Bitcoin technical breakout confirms the momentum

The technical picture is equally supportive. Bitcoin has decisively broken above $119,500, a resistance level that capped prices through late September.

Indicators such as the MACD and RSI are flashing bullish signals, while the price continues to trade above short-term moving averages.

Eyes are on $124,600 as the next test, with Fibonacci extensions pointing toward $128,000–$130,000 as near-term targets.

However, the bigger story is what lies beyond. JPMorgan’s latest analysis compares Bitcoin with gold and suggests a theoretical fair value of $165,000 if adoption trends converge.

Citi has also issued a 12-month target of $181,000, and Standard Chartered has gone even further, projecting that institutional flows could push Bitcoin to $200,000 by year-end.

CryptoQuant’s bull score index hovers around 40–50, the same levels seen before major breakouts in 2020 and 2024, and the firm believes Bitcoin could reach between $160,000 and $200,000 this quarter if demand persists.

The US government’s shutdown has also shaken confidence in traditional markets, pushing investors toward hard assets like Bitcoin and gold.

$200k within sight

The mix of seasonal strength, institutional inflows, technical momentum, and macro uncertainty is creating conditions unlike any Bitcoin has faced before.

With the asset just shy of its all-time high and liquidity pouring in, analysts argue that $200,000 is no longer a bold outlier but a realistic scenario if buying pressure continues through the quarter.

For now, the key question is whether Bitcoin can sustain closes above $120,000 and break decisively past $124,000.

If it does, “Uptober” may prove to be the spark that propels the world’s largest cryptocurrency into its most explosive rally yet.

The post Uptober ignites: why $200k is within reach after Bitcoin breaches $120K appeared first on CoinJournal.

• Bitcoin has broken above the key $120,000 level for the first time since August.
• The rally is fueled by renewed optimism about macroeconomic tailwinds.
• BTC futures open interest has hit a record high of $32.6 billion.

The bulls are back in charge. Bitcoin has shattered the critical $120,000 resistance level, surging to a height not seen since mid-August as a powerful wave of optimism sweeps through the market.

The breakout, which follows a steady five-day climb, signals that traders are decisively positioning for a bullish final quarter of the year, undeterred by the political chaos unfolding in Washington.

This is a rally built on both renewed macroeconomic hope and a powerful internal market dynamic.

In the derivatives market, the conviction is palpable, with open interest in BTC futures soaring to a new record high of $32.6 billion, a clear sign that traders are placing big bets on further upside.

A short squeeze in the making?

Beneath the surface of this bullish momentum, a potentially explosive setup is taking shape.

On-chain analyst Skew has noted that even as open interest soars, a significant number of short positions are also piling up.

This creates the perfect conditions for a “short squeeze,” a violent upward price move that is triggered when a rising price forces a cascade of short-sellers to buy back their positions, adding even more fuel to the rally’s fire.

The shutdown factor: a crisis becomes a catalyst

Ironically, the political crisis in the United States may be a key catalyst for the market’s renewed optimism.

The ongoing government shutdown has injected a dose of profound uncertainty into the economic picture, a chaos that traders seem to believe will ultimately benefit risk assets like Bitcoin.

Treasury Secretary Scott Bessent warned on Thursday that the shutdown could have a real and damaging impact.

“We could see a hit to the GDP, a hit to growth and a hit to working America,” he told CNBC.

This economic weakness, coupled with the fact that the Federal Reserve will be deprived of a fresh jobs report, makes an interest rate cut at the end of this month all but a certainty.

The flip from skeptic to believer

The sheer strength of the recent advance has been enough to turn even the skeptics into believers.

Paul Howard, a senior director at the crypto trading firm Wincent, admitted he had been skeptical about a rebound earlier in the week, but the market’s relentless climb has changed his mind.

“With $BTC trading back at levels last seen in mid-July, the total market cap is once again above $4 trillion,” he noted.

We have seen a slow grind higher breaking above $115,000, indicating we are now more likely to stay above this level, with a CME gap to lock in the floor at $110,000.

His conclusion is now as bullish as the market’s momentum. “I believe we are now set to see a sustained rally above $120,000 in the coming weeks,” he added.

The quiet days of late September are over, and the battle for the next leg higher has begun.

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• Bitcoin has surged to its highest level in over two months, above $119,000.
• The rally is a direct reaction to the US government shutting down operations.
• The shutdown is expected to create a “positive liquidity impulse” for markets.

The political paralysis in Washington has become the crypto market’s rocket fuel.

Bitcoin has surged to its highest level in over two months, blasting past the $119,000 mark as the US government officially shut down its operations, a dramatic development that traders are betting will ultimately unleash a wave of new liquidity into the financial system.

The leading cryptocurrency has jumped nearly 4 percent in the past 24 hours, with prices briefly touching $119,455 for the first time since mid-August.

The rally was broad-based, with other major tokens like Ether, XRP, and Solana all rising between 4 and 7 percent.

This is the market’s clear and unambiguous verdict on the chaos gripping the US capital.

A bet on a blind Fed, a wager on new money

The logic behind the rally is a bet on the second-order effects of the shutdown. With the government’s lights now off, the release of key economic data—most notably Friday’s all-important nonfarm payrolls report—will likely be delayed.

This data blackout will effectively blind the Federal Reserve, making it far more likely to proceed with its planned interest rate cuts.

“If ADP is a leading signal and the BLS print is delayed, the Fed is likely to deliver a 25 bp cut in October and pair it with guidance that keeps a second cut on the table by December,” said Matt Mena, a Crypto Research Strategist at 21Shares.

This is the “positive liquidity impulse” that has the market so excited: an expansion of liquidity that makes it easier and cheaper to borrow money, a dynamic that encourages economic growth and, crucially, risk-taking in financial markets.

For some, this shutdown surge is more than just a temporary trade; it is a sign of a fundamental shift in the market’s DNA.

“The message is clear: with traditional data releases in flux and macro uncertainty running high, Bitcoin remains one of the few assets that thrives when the old playbook breaks down,” Mena noted.

“Investors should be watching this moment closely – it could mark the next explosive leg higher in crypto markets.”

The volatility trade: ‘options look cheap’

This expectation of an “explosive” move is now being actively priced into the derivatives market.

According to Greg Magadini, the Director of Derivatives at Amberdata, the long dry spell of low volatility may be about to end, and options are currently looking cheap.

“After a long ‘dry spell’ for BTC volatility, the US government shutdown could finally be the catalyst to make BTC move a lot,” Magadini told CoinDesk.

This, coupled with the steep contango in implied volatility term structure, makes options look cheap.

That “steep contango” means the market is expecting future volatility to be significantly higher than it is today, making near-term options a relative bargain.

Magadini highlighted the “long straddle”—a strategy that profits from a big price move in either direction—as a preferred way to play the impending volatility boom.

“These catalysts could either cause BTC to rally (as a dollar hedge) or crash (if risk assets panic),” he said, explaining why a bet on pure volatility, rather than direction, is so appealing at this uncertain juncture. The quiet days, it seems, are over.

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• Bitcoin is on track to close September with a rare positive gain of 4.5 percent.
• Historically, a green September has preceded an average Q4 rally of over 50 percent.
• If the pattern holds, Bitcoin could be eyeing the 170,000 dollar region by year-end.

In a powerful and rare defiance of its own grim history, Bitcoin is on the verge of closing the books on a positive September.

This is no small feat. The month has long been the cruelest on the crypto calendar, a consistent sea of red that has earned it the ominous nickname “Red September.”

But this year, a 4.5 percent gain has flipped the script, and in doing so, it may have just lit the fuse for an explosive rally into the final quarter of the year.

A prophecy written in the charts

History doesn’t repeat, but it often rhymes. And in the world of Bitcoin, the rhyme of a green September is a powerful and bullish prophecy.

According to historical data, on the rare occasions that Bitcoin has managed to close September in positive territory—in 2015, 2016, 2023, and 2024—the final quarter of the year has produced spectacular results, with average returns soaring to more than 53 percent.

In those instances, the fourth quarter returns have ranged from a powerful 45 percent to a stunning 66 percent.

If that historical pattern were to play out again this year, Bitcoin could be eyeing the 170,000 dollar region before the calendar flips to 2026.

The data shows that October typically acts as the launchpad for these powerful moves, with an average gain of 21.8 percent, while November continues the ascent.

This seasonal effect has been particularly profitable in the years following a Bitcoin halving, as a potent cocktail of capital inflows and bullish market positioning combine to push the asset into a fresh phase of price discovery.

The view from the blockchain: a bullish tide is turning

This bullish seasonal setup is not just a statistical anomaly; it is being actively confirmed by the deep undercurrents of the blockchain itself.

Key on-chain metrics are now flashing green, signaling a fundamental and powerful shift in market momentum.

The Spot Taker Cumulative Volume Delta (CVD), a crucial indicator that tracks the difference between market buy and market sell volumes, has flipped positive on a 90-day basis for the first time since mid-July.

This is a clear and direct signal that a “Taker Buy Dominant Phase” is underway, a period where buying pressure is now decisively outweighing selling activity.

At the same time, the Coinbase premium index has been highlighting consistent and aggressive accumulation by US investors throughout the third quarter.

The powerful alignment of these two key on-chain metrics reinforces the view that a new wave of buying momentum is not just coming—it’s already here.

The stage is set, the signals are aligning, and the final quarter of the year could once again prove to be a decisive and explosive one for the world’s leading digital asset.

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