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Can BTC hold $120K and rally?
NFT Gaming

Can BTC hold $120K and rally?

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Summary

  • Bitcoin price prediction analysts note BTC trading near $122K in early October after a quiet September, with momentum building again.
  • BTC faces resistance at $124K, supported by strong institutional buying via spot ETFs and whale accumulation.
  • A breakout above $124K could lead to targets at $126K.
  • Downside risk includes a possible retest of support near $117K if selling pressure increases.
  • Overall, the Bitcoin outlook remains bullish as long as momentum and ETF inflows continue.

Bitcoin is trading near $122K in early October after a mixed and relatively “cool” September. Despite some sideways action last month, momentum is building again. A combination of spot Bitcoin ETF inflows and sustained whale accumulation continues to provide a bullish projection for the world’s leading cryptocurrency.

With October underway, traders are watching closely to see if Bitcoin can revisit its all-time high, or at minimum, retest the highs it hit back in August.

Today’s Bitcoin price prediction scenario

Bitcoin (BTC) is trading in a narrow range, holding above $122K but facing resistance at $124K. This back-and-forth action shows some market hesitation, but momentum seems to be shifting toward buyers.

BTC 1-day chart, October 2025 | Source: crypto.news

Institutional buying through spot ETFs has been a key factor driving the push toward $120K, highlighting strong demand.

Upside outlook

Breaking above $124K would confirm a bullish trend and clear the way for more upside moves. Important targets include $123K and August’s all-time high at $124.2K. Staying above those levels would build confidence in the rally and push the BTC price forecast toward $125,000 and beyond.

This bullish expectation is supported by healthy spot ETF inflows and rising futures open interest, showing increased institutional demand. If momentum holds, Bitcoin could finish Q4 strong, a period that’s historically favorable.

Downside risks

Should selling increase, Bitcoin may test the $117K support level, which has been a solid buying zone in the past. Breaking below it could cause some short-term downside pressure, particularly if worries about inflation or rates return. 

Still, thanks to steady ETF inflows and better market sentiment, Bitcoin’s push back toward $120K seems likely.

Bitcoin price prediction based on current levels

Watch the $117K to $124.2K range closely. Breaking and holding above August’s all-time high at $124.2K coud find a higher high of $125K. If resistance proves too strong and selling picks up, Bitcoin could fall back toward $117K support.

Still, the Bitcoin outlook stays positive, with a bullish long-term view as long as the current momentum continues.

Bottom line

Bitcoin is testing a major resistance zone, and what happens next could define market direction for the coming weeks. A breakout may open the door to more upside, while a failure to push through could bring BTC back toward support.

Healthy ETF inflows and ongoing institutional interest keep the Bitcoin price prediction leaning positive. Even with some short-term corrections, the longer-term projection still favors growth.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.



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BTC Breaks $120K With Traders Eyeing Bullish October Rally
Crypto Trends

BTC Breaks $120K With Traders Eyeing Bullish October Rally

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Bitcoin BTC$120,075.16 broke above $120,000, a level not seen since mid-August, as traders position for a bullish October for risk assets.

The token has been climbing steadily over the past five days, recovering from a late September pullback. Analysts point to renewed optimism around macroeconomic tailwinds that could boost risk assets in the final quarter of the year.

In the derivatives market, BTC futures are flashing bullish signals with open interest reaching a record high of $32.6 billion, suggesting traders are positioning for further upside. On-chain analyst Skew noted that short positions are also piling up, which could create an opportunity for a short squeeze.

Traders will be particularly focused on the next Fed meeting at the end of this month, which could happen without access to a fresh jobs report amid the government shutdown. Treasury Secretary Scott Bessent told CNBC on Thursday that the shutdown could further weaken the economy

“We could see a hit to the GDP, a hit to growth and a hit to working America,” he said.

Though historically the impact of a government shutdown on the economy has been minor, President Donald Trump’s threat to fire roughly 750,000 federal workers could have an effect in the current climate.

Appetite for crypto could also be fueled by hopes for an incoming altcoin season as several applications for altcoin-related spot exchange-traded funds (ETFs) will likely see approval once the government reopens.

Canary Capital’s Litecoin ETF is due for a response today with others facing deadlines between Oct. 10 and 24. The Securities and Exchange Commission (SEC), however, confirmed on Wednesday that it will not review any applications during the shutdown.

Similar to bitcoin, altcoins were trading higher over the past 24 hours, led by DOGE$0.2576 which was up nearly 3%. The CoinDesk 20 Index, which tracks the performance of the 20 largest crypto assets, is 1.5% higher over the same period.

Paul Howard, senior director of crypto trading firm Wincent, was skeptical earlier this week about bitcoin’s rebound, but he flipped bullish seeing the strength of the past days’ advance.

“With $BTC trading back at levels last seen in mid-July, the total market cap is once again above $4 trillion,” he noted. “We have seen a slow grind higher breaking above $115,000, indicating we are now more likely to stay above this level, with a CME gap to lock in the floor at $110,000.”

“I believe we are now set to see a sustained rally above $120,000 in the coming weeks,” he added.



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BREAKING: Bitcoin Reclaims $120K. Is ATH Next?
GameFi Guides

BREAKING: Bitcoin Reclaims $120K. Is ATH Next?

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Bitcoin, the flagship cryptocurrency, has reclaimed the $120,000 level for the first time since Aug. 14 on the Bitfinex exchange. 

The leading cryptocurrency is currently changing hands at $120,020 on the Bitstamp exchange, steadily approaching its current record high of $124,128.

The top coin has seen a relentless rally amid the ongoing U.S. government shutdown, which has seemingly bolstered the case for a non-sovereign safe haven.

How high can Bitcoin surge during ‘Uptober’? 

According to Polymarket bettors, there is a 35% chance of Bitcoin hitting $130,000 this October. At the same time, Bitcoin is expected to top $126,000 by the vast majority of market participants. 

There is also a 4% chance of the leading cryptocurrency surging all the way to $150,000 during this month. 

The odds of Bitcoin skyrocketing to $200,000 within a single month currently stand at just 1%. 



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Exchange Review August
NFT Gaming

Traders Eye September Jobs Report for Cues on BTC Breakout Above $120K

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Crypto markets remained unchanged Monday and Tuesday after last week’s $1.5 billion liquidation flush, but traders remain cautious ahead of a critical run of U.S. economic data that could set the tone for October.

Bitcoin bulls defended the $110,000 support level several times over the past week, while Ether clawed back from a sharp dip to $4,075 that coincided with nearly half a billion dollars in leveraged longs being wiped out.

Total market capitalization now sits near $3.85 trillion, about 1.3% lower than a week earlier despite a 3.5% weekend rebound.

The Fed’s most recent rate cut initially provided a modest boost to Bitcoin, but investors say the path forward depends less on past easing than on Powell’s Tuesday speech and upcoming jobs data that is scheduled to be released on Friday at 8:30 a.m. (ET).

“The crypto market is at a macroeconomic crossroads, caught between a softening labor market and resilient economic growth,” said Nick Ruck, director at LVRG Research, in a message to CoinDesk.

“This week’s data — Consumer Confidence, Initial Jobless Claims, and the pivotal September Jobs Report — will be critical in gauging the Fed’s next move. Any signs of further labor market cooling could reignite rate cut expectations, providing a tailwind for majors like BTC, ETH, and XRP. Conversely, strong data may extend the current period of uncertainty and pressure,” he said.

Jobs data shows how many people are getting or losing work in the U.S. economy. If fewer people are working and unemployment rises, it suggests the economy is slowing.

That usually makes the Federal Reserve more likely to cut interest rates to support growth, which can boost risk assets like stocks and crypto. But if job numbers are strong and unemployment stays low, it signals the economy is still running hot. That can keep inflation high, making the Fed less likely to cut rates.

“This macro uncertainty is likely to maintain Bitcoin’s dominance, potentially capping the upside for Ethereum and the broader DeFi sector despite their superior yield opportunities,” Ruck added.

Market structure reflects the indecision. A guage for sentiment fell to 28 on Friday, entering “extreme fear,” before bouncing back to a neutral 50 by Monday. Bitcoin has consolidated in a tight $108,000–$118,000 range, with open interest compressed and funding rates normalized after the liquidations.

“The rebound is coming from roughly the same levels as in early September,” Alex Kuptsikevich, senior market analyst at FxPro, said in an email. “Once again, altcoins are recovering stronger than BTC. Such outperformance in the early stages of recovery often indicates the future winners of the race, which in this case are altcoins.”

Kuptsikevich noted Bitcoin’s technical levels remain pivotal: “At the end of last week, Bitcoin found support at 109,000. It was bought at roughly the same levels as the end of August and even slightly higher, which is positive for the bulls.”

“On the other hand, September’s local high is lower than the previous one, which generally indicates a decrease in volatility and a stronger movement towards a breakout beyond the $108-118K range. Movements within the range can give many false short-term signals,” he noted.

Ethereum faces its own inflection point. Analysts flagged a potential bottom, citing technical exhaustion after last week’s selloff. The token is also in focus after the launch of the first U.S. ETF with staking features, from REX Shares and Osprey Funds, with applications from BlackRock and Fidelity still under SEC review.

News around Solana added to the altcoin narrative. The network’s total value locked surged to $12.2 billion, up 57% since June, prompting fresh calls for a $300 price target. Meme coins have grown more prominent as well, with sector capitalization climbing 70% over three months.

Regulatory headlines, however, kept traders wary. The Wall Street Journal reported that U.S. regulators are probing potential insider trading tied to companies accumulating crypto reserves.
Elsewhere, ratings giant Moody’s separately warned that the rapid expansion of stablecoin use in developing countries poses risks to monetary sovereignty and financial stability.



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Bitcoin Turns Bullish 3 Reasons Why $120K Could Be Next
Crypto Trends

Bitcoin Turns Bullish 3 Reasons Why $120K Could Be Next

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Key takeaways:

  • Clearer digital asset regulation, highlighted by this week’s high-profile SEC–CFTC roundtable, could strengthen investor confidence.

  • A temporary resolution of the looming US government shutdown may ease risk aversion and boost Bitcoin price.

  • Labor market data and Strategic Bitcoin Reserve expectations could fuel renewed momentum toward the $120,000 level.

Bitcoin (BTC) reclaimed the $114,000 mark on Monday, recouping part of the losses from the previous week. Interestingly, this rebound came despite heavy outflows from the spot Bitcoin exchange-traded funds (ETFs), prompting investors to question whether the rally is sustainable and what catalysts might drive Bitcoin toward the $120,000 level.

Spot Bitcoin ETFs daily net flows, USD. Source: Farside Investors

Roughly $900 million flowed out of US-listed spot Bitcoin ETFs last week, sparking moderate concern among traders, especially as long-term whales sold 3.4 million BTC. According to Glassnode, about 90% of the coins moved showed profit-taking for the third time in this cycle, increasing the likelihood of “a cooling phase ahead.”

SEC-CFTC joint roundtable, US government shutdown and labor market data

Three events scheduled for this week could shift investor sentiment toward Bitcoin, starting with a joint roundtable on digital asset regulation hosted by the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). SEC Chair Paul Atkins is set to open the event on Monday.

The event in Washington, D.C., is designed to bring greater regulatory clarity to jurisdictional tests, listings, and exchange oversight. Panelists include Jeff Sprecher, CEO of ICE-NYSE, Adena Friedman, CEO of Nasdaq, and Terry Duffy, CEO of CME Group, along with executives from leading crypto-focused firms and representatives from JPMorgan, Bank of America, and Citadel.

US government shutdown odds for 2025 at Polymarket. Source: Polymarket

Another potential catalyst for Bitcoin’s price is the looming risk of a US government shutdown on Oct. 1. US President Donald Trump has scheduled a meeting with congressional leaders on Monday to try to avert the crisis. Without action from Congress, thousands of federal employees could be furloughed, and numerous services, including small-business grant programs, would be disrupted.

Bitcoin’s price has historically reacted negatively when traders become more risk-averse. About $1.7 trillion in “discretionary” spending that funds agency operations is set to expire at the end of the fiscal year on Tuesday. The House of Representatives narrowly approved a bill on Sept. 19 to fund government agencies through Nov. 21, leaving final approval now in the Senate’s hands.

The next major factor that could unlock a Bitcoin rally to $120,000 is the US job market data, the Federal Reserve’s top focus following core inflation that matched market expectations at 2.9% in August. The US Bureau of Labor Statistics is scheduled to release the JOLTS survey of job openings on Tuesday, followed by the nonfarm payroll report on Friday.

Signs of weakness in the labor market could steer investors toward assets viewed as safer, such as gold and short-term government bonds.

Related: Poland advances strict crypto bill, sparking public backlash

US Strategic Bitcoin Reserves  hopes create a psychological support

Another reason Bitcoin has managed to hold the $109,000 level is optimism surrounding plans for a United States Strategic Bitcoin Reserve. Jan3 founder Samson Mow recently noted that the Trump administration is “pushing forward” budget-neutral strategies to acquire Bitcoin. Some analysts also highlight the possibility of a reevaluation of the US Treasury’s gold reserves.

Countries with the highest gold reserves. Source: Bloomberg

By repricing gold’s official value from the $42.22 level set by Congress in 1973, the US Treasury could potentially unlock nearly $1 trillion in credit, though US Treasury Secretary Scott Bessent has dismissed speculation of such a move. Even so, analysts remain confident in the government’s ability to successfully launch a Strategic Bitcoin Reserve in the coming months.

Key drivers that could push Bitcoin above $120,000 include clearer regulation across the digital asset industry, a temporary agreement to avert a looming US government shutdown, and reduced risks reflected in upcoming US job market data. Meanwhile, even the possibility of the US Treasury adding Bitcoin to its reserves provides a psychological support level for the market if those broader events turn unfavorable.

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.



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Sentiment signals could spark the next rally
GameFi Guides

Is $120K the next target?

by admin



Summary

  • Bitcoin has broken above the key $111K resistance level, triggering expectations of a $10K move in either direction.
  • Market sentiment is cautiously bullish, but high leverage increases the risk of liquidation-driven volatility.
  • Upside targets are $118K–$122K, supported by ETF inflows and rising stablecoin liquidity.
  • Downside risks remain, especially if BTC loses the $112K level — a drop to $100K–$104K is possible.
  • Bitcoin price prediction remains highly volatile, with a potential $10K swing based on momentum and macro conditions.

BTC has broken past the $111K resistance level and is now hovering around $111.3K. This was a big technical level that traders had been eyeing, expecting a big $10K swing once it broke.

So, will the bulls stay in charge — or are we about to see a nasty reversal?

Bitcoin price prediction: current market

Bitcoin breaking past $112K has kicked off what looks like a new round of price discovery. But with leveraged futures positions piling up, the market’s also becoming more fragile — one big move could trigger a cascade of liquidations in either direction.

The vibe is cautiously optimistic. Bulls are hyped, but most traders aren’t going all in just yet — they’re bracing for a possible shakeout.

Upside outlook

With Bitcoin (BTC) now holding above $111K, the Bitcoin outlook has taken a solid turn to the upside. If buyers stay in control, we’re looking at $118K–$120K as the next major area to watch. That range has both psychological and technical weight, and getting past $120K could open the path to $122K and beyond.

BTC 1-day chart, September 2025 | Source: crypto.news

There’s also plenty of fuel for this rally. Institutional money is flowing into spot ETFs, and rising stablecoin balances on exchanges suggest traders are ready to jump in. Taken together, it paints a bullish projection for the near future — assuming broader market conditions don’t throw a wrench in the works.

Downside risks

The move above $112K is great, but bulls shouldn’t get too comfortable just yet. If BTC slips below that level again, we could be looking at a drop back to $108K. That zone has been a key support/resistance flip, and losing it could spark a sharper selloff — possibly down to the $100K–$104K range.

And let’s be real — liquidation cascades are always a risk when leverage is high, and September hasn’t historically been kind to Bitcoin. Throw in macro concerns like inflation and interest rate uncertainty, and the bears still have a few cards to play.

Bitcoin price prediction based on current levels

Bitcoin has already broken out of the key $108K–$112K consolidation range, signaling a shift in market structure. This breakout strengthens the expectation of a continued bullish move, with targets now set at $118K–$122K, assuming momentum holds.

The current Bitcoin price prediction based on technical structure and sentiment suggests a likely surge toward the $118K–$122K zone. However, if the breakout fails and support cracks below $108K, the prediction would shift dramatically lower — potentially forecasting a dip back toward the $100K mark.

The updated BTC price forecast reflects heightened volatility, with a potential $10K swing in either direction now more likely than ever. Whether bulls can maintain control or bears force a reversal will define the short-term trend. Given the elevated leverage and sensitive sentiment, traders should remain cautious and reactive.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.



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