Bitcoin surged previous $114,000 on Monday, extending a rally that has defied its standard September weak spot. The transfer comes after bitcoin briefly examined help close to $107,000 earlier this month, solely to rebound over the course of the month.
The achieve marks bitcoin’s strongest September since 2012, with costs up roughly 8% on the month. Technical merchants be aware that BTC has damaged out of a descending wedge formation on the short-term charts — a bullish setup that, if confirmed, might open the door to a push towards $120,000.
What makes the advance significantly notable is the backdrop of traditionally low volatility. Bitcoin traditionally underperforms in September however then surges in October, November and December.
Regardless of the newest breakout, bitcoin’s third-quarter efficiency has lagged behind its friends. BTC posted positive factors of about 7% in Q3 2025, a stark distinction to Ethereum’s 68% rally over the identical interval.
Eric Trump predicts that This fall shall be “unbelievable”
Bitcoin’s rally has drawn recent commentary from Eric Trump, government vice chairman of the Trump Group and a longtime crypto advocate.
In current interviews, Trump reiterated his daring $1 million value goal, urging traders to purchase now.
“Volatility is your pal. Purchase proper now. Shut your eyes. Maintain it for the following 5 years,” Trump mentioned.
Trump argued that international financial easing and a swelling cash provide will in the end propel bitcoin a lot greater. He additionally pointed to seasonality, noting that This fall has traditionally been bitcoin’s strongest quarter, averaging positive factors of roughly 85% in prior cycles.
The remarks echoed his August look at a Bitcoin convention in Hong Kong, the place he instructed attendees, “We haven’t even scratched the floor.”
The feedback come because the Trumps have expanded their bitcoin and crypto ventures over the previous 12 months. Eric Trump and his brother Donald Trump Jr. co-founded American Bitcoin, a mining firm through which the Trump siblings maintain roughly 20% possession, with the rest managed by Hut 8. The agency just lately secured $220 million in funding and is getting ready for a September Nasdaq itemizing through its merger with Gryphon.
Bitcoin to $200,000 this 12 months?
Traditionally, the fourth quarter has delivered a few of bitcoin’s greatest rallies — averaging positive factors of about 85% between 2013 and 2024. Latest years match the sample: bitcoin surged 48% in This fall 2024 and 57% in This fall 2023, in accordance with market information.
In previous bull cycles, the strikes have been much more dramatic, with This fall 2017 delivering a 215% bounce and This fall 2020 hovering 168%, every setting the stage for enormous follow-through rallies.
Earlier this month, Fundstrat’s Tom Lee reiterated his $200,000 goal for 2025, and prediction markets nonetheless assign a small likelihood of hitting that milestone by year-end.
Including gas, financial coverage seems to be turning supportive: with the Federal Reserve chopping rates of interest, threat belongings — together with crypto — may very well be poised for an additional late-year rally.