Bitcoin surged previous $121,000 right now, pushing in direction of its all-time excessive because the fourth quarter of 2025 kicked off with renewed momentum for Bitcoin.
The rally follows a powerful September end, when Bitcoin gained about 5% to shut round $114,000 — a efficiency that considerably defied Bitcoin’s status for seasonal weak point.
Traditionally, when September has ended within the inexperienced, Bitcoin has usually gone on to submit outsized fourth-quarter positive aspects. Knowledge from Bitcoin Journal Professional shows that in years reminiscent of 2015, 2016, 2023, and 2024, fourth-quarter rallies averaged greater than 50%.
That seasonal pattern has already earned October the nickname “Uptober” amongst merchants. Since 2015, the month has produced common positive aspects of 21.8%, with November including one other 10.8%.
If historical past rhymes, Bitcoin could possibly be on monitor to clear $150,000 earlier than the tip of the 12 months.
Bitcoin all-time excessive coming?
In response to Bitcoin Journal Professional knowledge, Bitcoin has climbed practically 3% in 24 hours, advancing from round $117,500 to simply over $121,000. During the last month, Bitcoin has notched a acquire of greater than 9%, rising from roughly $110,700.
On a year-to-date foundation, Bitcoin has delivered a return of 27%, underscoring its resilience regardless of ongoing volatility throughout broader markets.
With costs now lower than 3% away from the all-time excessive of over $124,000, it seems just like the stage is about for a breakout if shopping for strain continues.
Bitcoin’s bullish momentum
This newest surge got here as traditional economic metrics reeled from the U.S. authorities’s shutdown at midnight after Congress did not cross a funding invoice. With Wall Avenue beneath strain and financial knowledge releases now on maintain, buyers flocked to arduous belongings.
This 12 months’s positive aspects also build on April’s halving occasion, which minimize Bitcoin’s new provide in half — a milestone that has traditionally preceded important upward strain on worth. On the identical time, key liquidity indicators are flashing inexperienced.
International M2 cash provide development, stablecoin issuance, and a rally in gold — which Bitcoin has usually tracked with a lag — all level to strengthening demand.
Citigroup analysts this week set a 12-month projection for Bitcoin at $181,000, citing sturdy inflows that would attain $7.5 billion by December.
“We’re extra constructive on Bitcoin in comparison with Ether, because it captures an outsized portion of incremental flows into crypto markets,” Citi analysts wrote, including {that a} friendlier regulatory setting may maintain momentum into 2026.
With Bitcoin already logging report highs in 2025, the fourth quarter now looms as a decisive stretch.
