Bitcoin surged previous $121,000 at this time, 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 repute for seasonal weak spot.
Traditionally, when September has ended within the inexperienced, Bitcoin has usually gone on to submit outsized fourth-quarter beneficial properties. Knowledge from Bitcoin Journal Professional reveals that in years corresponding to 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 beneficial properties of 21.8%, with November including one other 10.8%.
If historical past rhymes, Bitcoin may very well be on observe to clear $150,000 earlier than the top of the yr.
Bitcoin all-time excessive coming?
In accordance with Bitcoin Journal Professional information, Bitcoin has climbed almost 3% in 24 hours, advancing from round $117,500 to only over $121,000. Over the past 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 appears just like the stage is about for a breakout if shopping for stress continues.
Bitcoin’s bullish momentum
This newest surge got here as conventional financial metrics reeled from the U.S. authorities’s shutdown at midnight after Congress didn’t cross a funding invoice. With Wall Avenue beneath stress and financial information releases now on maintain, traders flocked to laborious property.
This yr’s beneficial properties additionally construct on April’s halving occasion, which minimize Bitcoin’s new provide in half — a milestone that has traditionally preceded vital upward stress on worth. On the similar time, key liquidity alerts are flashing inexperienced.
International M2 cash provide progress, 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 might maintain momentum into 2026.
With Bitcoin already logging document highs in 2025, the fourth quarter now looms as a decisive stretch.