Why Is Bitcoin Going Up? Crypto Rallies for the 5th Session After Testing ATH and Bullish BTC Price Predictions

Monday, 06/10/2025 | 11:02 GMT by Damian Chmiel
  • Bitcoin breaks through previous record as crypto market capitalization reaches $4.24 trillion.
  • A shift in Federal Reserve policy and strong demand for ETFs drive BTC to new heights, as the October rally accelerates across digital asset markets.
  • Bitcoin price predictions suggest that with October seasonality, the crypto market can soon enter the price discovery phase.
Bitcoin
Why Bitcoin price is going up today? Let's check current BTC price analysis and price predictions

Bitcoin (BTC) price shattered its previous all-time high over the weekend, climbing above $125,700 as crypto markets rallied to a record $4.24 trillion in total market capitalization. The surge comes as investors pile into digital assets ahead of an expected Federal Reserve interest rate cut later this month, with spot Bitcoin ETFs recording their second-largest weekly inflow ever.

The world's largest cryptocurrency by market value peaked at $125,736 on Sunday before settling today (Monday, 6 October 2025) around $124,100, marking roughly an 11% gain over the past seven days.

Bitcoin price analysis shows the digital asset trading up 1% in the last 24 hours, extending a winning streak that now spans six consecutive sessions. The previous record of $124,474 was set in mid-August before summer consolidation kept prices rangebound through September.

Why Bitcoin Price Is Going Up? ETF Inflows Signal Institutional Appetite

Spot BRC exchange-traded funds attracted $3.24 billion in net inflows last week, the second-highest week since their January 2024 launch. BlackRock's iShares Bitcoin Trust led the charge with $1.8 billion, while Fidelity's FBTC brought in $692 million. The institutional buying spree reversed the prior week's $902 million in outflows and brought four-week cumulative inflows close to $4 billion.

"Crypto markets rally to all-time high as investors increase Fed interest rate cut bets," said Simon Peters, crypto analyst at eToro. "Spot bitcoin ETFs saw $3.24 billion in net inflows last week, the second-largest week of inflows ever, helping propel the OG cryptoasset's price to a new-all-time high."

ETF net flow chart, including Bitcoin and Ethereum. Source: CoinMarketCap.com
ETF net flow chart, including Bitcoin and Ethereum. Source: CoinMarketCap.com

Markets are now pricing in a 98% probability of a 25-basis-point rate reduction at the Federal Reserve's October 29 meeting. Weaker-than-expected employment data fueled speculation that policymakers will continue easing monetary conditions, with the ongoing government shutdown preventing release of September's official nonfarm payrolls report. ADP private sector figures showed a surprising 32,000 job decrease where analysts anticipated a 50,000 increase.

Bitcoin Price Today: Current Market Snapshot

Metric

Value

Change (7 Days)

Bitcoin Price

$124,100

+11%

Total Crypto Market Cap

$4.24 Trillion

+8.2%

Bitcoin Market Cap

$2.47 Trillion

+10.8%

Ethereum Price

$4,564

+7.5%

XRP Price

$3.00

+4.9%

Stablecoin Market Cap

$300+ Billion

+47% YTD

6 Key Reasons Why Bitcoin Price Is Surging

Key factors driving the Bitcoin price surge include:

Technical Resistance Tests Bitcoin Rally

Bitcoin price prediction models identify several key technical levels as the cryptocurrency tests resistance near its summer highs. According to my technical analysis, The zone between $124,000 and $125,700 has created a supply cluster that Bitcoin failed to decisively break through on Sunday, with the daily candle showing a long upper wick that suggests potential technical rejection.

"Bitcoin extended its rally over the weekend, pushing to new record highs above $125K before paring gains slightly," explained Joel Kruger, crypto analyst and strategist at LMAX Group. "The move has been underpinned by strong inflows into U.S. spot ETFs and a growing perception of Bitcoin as a hedge against political and fiscal uncertainty."

If profit-taking emerges, several support zones could stabilize prices. The first sits around $120,000, matching July's peak. Below that, the 50-day exponential moving average at $115,184 represents the next cushion, followed by early August lows near $112,000.

Bitcoin price technical analysis. Source: Tradingview.com
Bitcoin price technical analysis. Source: Tradingview.com

The September floor around $108,000-$109,000 aligns with the 200-day exponential moving average at $107,400, forming a critical support band. The psychological $100,000 level marks the ultimate line separating technical correction from potential trend reversal.

Bitcoin Technical Levels

Level Type

Price

Significance

Current ATH

$125,708

Sunday peak on Binance

Previous ATH

$124,474

August 14, 2025 record

Current Price

$124,100

Monday trading level

First Support

$120,000

July 2025 highs

50-Day EMA

$115,184

Short-term trend indicator

Second Support

$112,000

Early August 2025 lows

Third Support

$108,000-$109,000

September floor zone

200-Day EMA

$107,400

Long-term trend line

Critical Support

$100,000

Psychological six-figure level

Altcoins, Including Ethereum and XRP, Join the Broad "Uptober" Rally

Ethereum climbed above $4,564, gaining 7.5% over seven days as the second-largest cryptocurrency benefits from similar liquidity dynamics. XRP hovered near the psychologically significant $3 level with nearly 5% weekly gains, while other major altcoins posted solid returns. The stablecoin market crossed the $300 billion milestone for the first time, reflecting 47% year-to-date growth and signaling deepening integration between crypto markets and traditional finance.

"With us now entering October, dubbed 'Uptober' in the crypto community as it has historically been a month where crypto markets have performed strongly, and with the current sentiment in the markets being risk-on due to anticipating further interest rate cuts, there is every chance we could see the rally continue," Peters noted.

Bitcoin market historical seasonality. Source: Coinglass.com
Bitcoin market historical seasonality. Source: Coinglass.com

Historical data supports October optimism. Bitcoin has averaged 22% gains during the month across its history, with positive performance in 10 of the past 13 Octobers since 2013. The fourth quarter traditionally delivers Bitcoin's strongest seasonal returns, averaging 80% gains, while December alone typically adds 21%. The cryptocurrency has only declined during two Octobers, in 2014 and 2018, both during bear market cycles.

Bitcoin Historical October Performance

Year

October Return

December Return

Q4 Total Return

Average

+22%

+21%

+80%

2024

+28%

+18%

+94%

2023

+29%

+12%

+88%

2021

+40%

-19%

+61%

2020

+28%

+47%

+171%

Decline Years

2014, 2018 only

2013, 2018, 2022

Bear cycles

Political Uncertainty Drives Debasement Trade

Growing fiscal concerns across major economies are accelerating what analysts call a "debasement trade," as investors rotate away from major currencies into perceived stores of value. The dollar has weakened roughly 30% against Bitcoin this year, while the yen tumbled Monday following Japan's leadership transition. The euro faces fresh political headwinds from France.

"The political situations across these countries give you a reason to buy gold and Bitcoin as debasement hedges," said Chris Weston, head of research for Pepperstone Group. "It's become a big momentum trade."

JPMorgan analysts noted "the familiar pattern of dollar debasement against alternative reserve assets amid Washington dysfunction," pointing to broad-based precious metals rallies similar to those following the global financial crisis. Gold reached fresh record highs above $3,900 on Monday, while silver approached its all-time peak.

Bitcoin Price Predictions: Market Outlook Hinges On Fed Path

Kruger identified key risks including disappointment on the Federal Reserve policy path, escalation of U.S. political standoffs, and new regulatory pressures from European or Washington policymakers. Near-term, traders are monitoring whether Bitcoin can establish support above $120,000 and whether Ethereum sustains momentum above $4,500.

"Technically speaking, Bitcoin’s latest breakout opens the door for a push through $140k in the days ahead, which should also translate to fresh record highs in the price of ETH," Kruger added.

The broader cryptocurrency market remains in risk-on mode as October trading kicks into gear. With institutional adoption deepening through ETFs and corporate treasury allocations, Bitcoin's integration with traditional finance provides durability to inflows while heightening sensitivity to sudden policy shifts. Regulatory developments from European authorities and potential U.S. oversight changes represent wildcards that could reshape sentiment quickly.

You may also like to read my other articles with Bitcoin and crypto price predictions:

Bitcoin Price Analysis FAQ

What is the price prediction for Bitcoin in 2025?

Most analysts expect Bitcoin to reach between $150,000 and $200,000 by year-end 2025. Wall Street institutions including Standard Chartered ($200,000), JPMorgan ($165,000), and Bernstein ($200,000) have issued bullish targets based on continued ETF inflows and institutional adoption.

How much will 1 Bitcoin be worth in 2030?

Yes, Bitcoin is widely predicted to reach between $300,000 and $1.5 million by 2030. ARK Invest projects a base case of $710,000, while more conservative estimates from Changelly suggest around $872,000, with bearish scenarios starting at $300,000.

Is Bitcoin expected to reach $200,000?

Yes, Bitcoin is expected to reach $200,000 by the end of 2025 according to Standard Chartered's forecast. The bank's head of digital assets research Geoffrey Kendrick reaffirmed this target based on projected ETF inflows of at least $20 billion by year-end.

Will Bitcoin reach $150,000 in 2025?

Yes, Bitcoin is likely to reach $150,000 in 2025 according to multiple analysts including Tom Lee of Fundstrat Global Advisors and Marshall Beard of Gemini Exchange. The Wall Street consensus average sits at $156,000 for year-end 2025, making $150,000 a conservative milestone.

Bitcoin (BTC) price shattered its previous all-time high over the weekend, climbing above $125,700 as crypto markets rallied to a record $4.24 trillion in total market capitalization. The surge comes as investors pile into digital assets ahead of an expected Federal Reserve interest rate cut later this month, with spot Bitcoin ETFs recording their second-largest weekly inflow ever.

The world's largest cryptocurrency by market value peaked at $125,736 on Sunday before settling today (Monday, 6 October 2025) around $124,100, marking roughly an 11% gain over the past seven days.

Bitcoin price analysis shows the digital asset trading up 1% in the last 24 hours, extending a winning streak that now spans six consecutive sessions. The previous record of $124,474 was set in mid-August before summer consolidation kept prices rangebound through September.

Why Bitcoin Price Is Going Up? ETF Inflows Signal Institutional Appetite

Spot BRC exchange-traded funds attracted $3.24 billion in net inflows last week, the second-highest week since their January 2024 launch. BlackRock's iShares Bitcoin Trust led the charge with $1.8 billion, while Fidelity's FBTC brought in $692 million. The institutional buying spree reversed the prior week's $902 million in outflows and brought four-week cumulative inflows close to $4 billion.

"Crypto markets rally to all-time high as investors increase Fed interest rate cut bets," said Simon Peters, crypto analyst at eToro. "Spot bitcoin ETFs saw $3.24 billion in net inflows last week, the second-largest week of inflows ever, helping propel the OG cryptoasset's price to a new-all-time high."

ETF net flow chart, including Bitcoin and Ethereum. Source: CoinMarketCap.com
ETF net flow chart, including Bitcoin and Ethereum. Source: CoinMarketCap.com

Markets are now pricing in a 98% probability of a 25-basis-point rate reduction at the Federal Reserve's October 29 meeting. Weaker-than-expected employment data fueled speculation that policymakers will continue easing monetary conditions, with the ongoing government shutdown preventing release of September's official nonfarm payrolls report. ADP private sector figures showed a surprising 32,000 job decrease where analysts anticipated a 50,000 increase.

Bitcoin Price Today: Current Market Snapshot

Metric

Value

Change (7 Days)

Bitcoin Price

$124,100

+11%

Total Crypto Market Cap

$4.24 Trillion

+8.2%

Bitcoin Market Cap

$2.47 Trillion

+10.8%

Ethereum Price

$4,564

+7.5%

XRP Price

$3.00

+4.9%

Stablecoin Market Cap

$300+ Billion

+47% YTD

6 Key Reasons Why Bitcoin Price Is Surging

Key factors driving the Bitcoin price surge include:

Technical Resistance Tests Bitcoin Rally

Bitcoin price prediction models identify several key technical levels as the cryptocurrency tests resistance near its summer highs. According to my technical analysis, The zone between $124,000 and $125,700 has created a supply cluster that Bitcoin failed to decisively break through on Sunday, with the daily candle showing a long upper wick that suggests potential technical rejection.

"Bitcoin extended its rally over the weekend, pushing to new record highs above $125K before paring gains slightly," explained Joel Kruger, crypto analyst and strategist at LMAX Group. "The move has been underpinned by strong inflows into U.S. spot ETFs and a growing perception of Bitcoin as a hedge against political and fiscal uncertainty."

If profit-taking emerges, several support zones could stabilize prices. The first sits around $120,000, matching July's peak. Below that, the 50-day exponential moving average at $115,184 represents the next cushion, followed by early August lows near $112,000.

Bitcoin price technical analysis. Source: Tradingview.com
Bitcoin price technical analysis. Source: Tradingview.com

The September floor around $108,000-$109,000 aligns with the 200-day exponential moving average at $107,400, forming a critical support band. The psychological $100,000 level marks the ultimate line separating technical correction from potential trend reversal.

Bitcoin Technical Levels

Level Type

Price

Significance

Current ATH

$125,708

Sunday peak on Binance

Previous ATH

$124,474

August 14, 2025 record

Current Price

$124,100

Monday trading level

First Support

$120,000

July 2025 highs

50-Day EMA

$115,184

Short-term trend indicator

Second Support

$112,000

Early August 2025 lows

Third Support

$108,000-$109,000

September floor zone

200-Day EMA

$107,400

Long-term trend line

Critical Support

$100,000

Psychological six-figure level

Altcoins, Including Ethereum and XRP, Join the Broad "Uptober" Rally

Ethereum climbed above $4,564, gaining 7.5% over seven days as the second-largest cryptocurrency benefits from similar liquidity dynamics. XRP hovered near the psychologically significant $3 level with nearly 5% weekly gains, while other major altcoins posted solid returns. The stablecoin market crossed the $300 billion milestone for the first time, reflecting 47% year-to-date growth and signaling deepening integration between crypto markets and traditional finance.

"With us now entering October, dubbed 'Uptober' in the crypto community as it has historically been a month where crypto markets have performed strongly, and with the current sentiment in the markets being risk-on due to anticipating further interest rate cuts, there is every chance we could see the rally continue," Peters noted.

Bitcoin market historical seasonality. Source: Coinglass.com
Bitcoin market historical seasonality. Source: Coinglass.com

Historical data supports October optimism. Bitcoin has averaged 22% gains during the month across its history, with positive performance in 10 of the past 13 Octobers since 2013. The fourth quarter traditionally delivers Bitcoin's strongest seasonal returns, averaging 80% gains, while December alone typically adds 21%. The cryptocurrency has only declined during two Octobers, in 2014 and 2018, both during bear market cycles.

Bitcoin Historical October Performance

Year

October Return

December Return

Q4 Total Return

Average

+22%

+21%

+80%

2024

+28%

+18%

+94%

2023

+29%

+12%

+88%

2021

+40%

-19%

+61%

2020

+28%

+47%

+171%

Decline Years

2014, 2018 only

2013, 2018, 2022

Bear cycles

Political Uncertainty Drives Debasement Trade

Growing fiscal concerns across major economies are accelerating what analysts call a "debasement trade," as investors rotate away from major currencies into perceived stores of value. The dollar has weakened roughly 30% against Bitcoin this year, while the yen tumbled Monday following Japan's leadership transition. The euro faces fresh political headwinds from France.

"The political situations across these countries give you a reason to buy gold and Bitcoin as debasement hedges," said Chris Weston, head of research for Pepperstone Group. "It's become a big momentum trade."

JPMorgan analysts noted "the familiar pattern of dollar debasement against alternative reserve assets amid Washington dysfunction," pointing to broad-based precious metals rallies similar to those following the global financial crisis. Gold reached fresh record highs above $3,900 on Monday, while silver approached its all-time peak.

Bitcoin Price Predictions: Market Outlook Hinges On Fed Path

Kruger identified key risks including disappointment on the Federal Reserve policy path, escalation of U.S. political standoffs, and new regulatory pressures from European or Washington policymakers. Near-term, traders are monitoring whether Bitcoin can establish support above $120,000 and whether Ethereum sustains momentum above $4,500.

"Technically speaking, Bitcoin’s latest breakout opens the door for a push through $140k in the days ahead, which should also translate to fresh record highs in the price of ETH," Kruger added.

The broader cryptocurrency market remains in risk-on mode as October trading kicks into gear. With institutional adoption deepening through ETFs and corporate treasury allocations, Bitcoin's integration with traditional finance provides durability to inflows while heightening sensitivity to sudden policy shifts. Regulatory developments from European authorities and potential U.S. oversight changes represent wildcards that could reshape sentiment quickly.

You may also like to read my other articles with Bitcoin and crypto price predictions:

Bitcoin Price Analysis FAQ

What is the price prediction for Bitcoin in 2025?

Most analysts expect Bitcoin to reach between $150,000 and $200,000 by year-end 2025. Wall Street institutions including Standard Chartered ($200,000), JPMorgan ($165,000), and Bernstein ($200,000) have issued bullish targets based on continued ETF inflows and institutional adoption.

How much will 1 Bitcoin be worth in 2030?

Yes, Bitcoin is widely predicted to reach between $300,000 and $1.5 million by 2030. ARK Invest projects a base case of $710,000, while more conservative estimates from Changelly suggest around $872,000, with bearish scenarios starting at $300,000.

Is Bitcoin expected to reach $200,000?

Yes, Bitcoin is expected to reach $200,000 by the end of 2025 according to Standard Chartered's forecast. The bank's head of digital assets research Geoffrey Kendrick reaffirmed this target based on projected ETF inflows of at least $20 billion by year-end.

Will Bitcoin reach $150,000 in 2025?

Yes, Bitcoin is likely to reach $150,000 in 2025 according to multiple analysts including Tom Lee of Fundstrat Global Advisors and Marshall Beard of Gemini Exchange. The Wall Street consensus average sits at $156,000 for year-end 2025, making $150,000 a conservative milestone.

About the Author: Damian Chmiel
Damian Chmiel
  • 3065 Articles
  • 96 Followers
About the Author: Damian Chmiel
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
  • 3065 Articles
  • 96 Followers

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