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Bitcoin soared beyond $121,000 today, edging closer to its all-time peak as the final quarter of 2025 commenced with invigorated momentum for Bitcoin.
The surge follows a robust September conclusion, during which Bitcoin increased by approximately 5% to settle around $114,000 — a performance that somewhat contradicted Bitcoin’s reputation for seasonal fragility.
Historically, when September has concluded positively, Bitcoin has frequently gone on to record substantial gains in the fourth quarter. Data from Bitcoin Magazine Pro indicates that in years like 2015, 2016, 2023, and 2024, fourth-quarter boosts averaged over 50%.
This seasonal pattern has already earned October the moniker “Uptober” among traders. Since 2015, the month has yielded average increases of 21.8%, with November contributing another 10.8%.
If history tends to repeat itself, Bitcoin could be poised to surpass $150,000 before the conclusion of the year.
Is Bitcoin’s all-time high on the horizon?
According to Bitcoin Magazine Pro data, Bitcoin has increased nearly 3% within 24 hours, rising from approximately $117,500 to just above $121,000. Over the previous month, Bitcoin has achieved a gain of over 9%, climbing from about $110,700.
Year-to-date, Bitcoin has provided a return of 27%, emphasizing its durability despite ongoing fluctuations in broader markets.
With prices now less than 3% away from the all-time peak of over $124,000, it appears that the conditions are ripe for a breakout if purchasing pressure persists.
The bullish momentum of Bitcoin
This recent ascent occurred as traditional economic indicators struggled due to the U.S. government’s shutdown at midnight after Congress failed to pass a funding bill. With Wall Street facing pressure and economic data releases currently stalled, investors turned to tangible assets.
This year’s gains also build on April’s halving event, which halved Bitcoin’s new supply — a milestone that has traditionally preceded substantial upward pressure on price. Simultaneously, crucial liquidity indicators are showing positive signs.
Global M2 money supply growth, stablecoin issuance, and an upswing in gold — which Bitcoin has often mirrored with a delay — all signal increasing demand.
Citigroup analysts this week established a 12-month forecast for Bitcoin at $181,000, citing strong inflows that could reach $7.5 billion by December.
“We have a more favorable outlook on Bitcoin compared to Ether, as it captures a significant share of new flows into crypto markets,” Citi analysts noted, adding that a supportive regulatory atmosphere could maintain momentum into 2026.
With Bitcoin already achieving record highs in 2025, the fourth quarter now stands as a critical period.
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