Bitcoin climbed above $119,000 on Thursday, bucking a broader market downturn as buyers sought security following the U.S. authorities’s shutdown.
Bitcoin traded at highs of $119, 890 in morning buying and selling, at the same time as Wall Avenue shares slid on political dysfunction in Washington. Lawmakers didn’t safe sufficient votes late Tuesday to maintain the federal government funded, triggering a shutdown at midnight.
The standoff pits Democrats, led by Senate Majority Chief Chuck Schumer and Home Minority Chief Hakeem Jeffries, towards Republicans aligned with President Donald Trump, who has threatened profit cuts if no deal is reached.
Bitcoin closed September up 5% at round $114,000, defying its standard seasonal weak spot and establishing a traditionally bullish fourth quarter.
Previous tendencies counsel October and November typically drive sturdy features, that means Bitcoin may push previous $150,000 by year-end, fueled by the post-halving provide squeeze.
Citigroup’s optimistic Bitcoin outlook for Bitcoin
Citigroup analysts reinforced a optimistic 12-month outlook for Bitcoin in a be aware to purchasers this week, setting a Bitcoin goal of $181,000 whereas revising their year-end forecast to $132,000.
The financial institution cited strong inflows — estimated at $7.5 billion by way of year-end — and rising demand from institutional buyers.
“We’re extra optimistic on Bitcoin in comparison with Ether, because it captures an outsized portion of incremental flows into crypto markets,” Citi analysts wrote, including {that a} supportive U.S. regulatory surroundings may maintain momentum into 2026.
Previous to this week, Bitcoin was buying and selling sideways in latest months, however key liquidity indicators suggest a breakout may be near.
World M2 development, stablecoin provide tendencies, and gold’s rally — which Bitcoin has intently tracked with a 40-day lag — all level towards upward momentum, with some analysts eyeing $150,000 in early November.
The content published on Finance Insider Today is for informational and educational purposes only. It does not constitute financial advice, investment advice, or any other form of professional advice. Always conduct your own research and consult a qualified financial advisor before making any investment decisions. Finance Insider Today is not responsible for any financial losses resulting from decisions made based on information published on this website. Past performance is not indicative of future results. Financial markets carry significant risk. Never invest more than you can afford to lose.
