summary
- Bitcoin price forecast analysts should note that momentum is building up again in early September, with BTC trading close to $122,000 in early October.
- BTC faces $124,000 in resistance, supported by strong institutional purchases through spot ETFs and whale accumulation.
- A breakout above $124K could lead to $126,000 on your target.
- The downside risk includes the possibility of retesting support near $117K if sales pressure rises.
- Overall, as long as momentum and ETF inflows continue, Bitcoin’s outlook remains bullish.
Bitcoin is trading nearly $122,000 in early October after a relatively “cool” mixed “cool” in September. Despite sideways last month, momentum has been rebuilding. The combination of spot Bitcoin ETF influx and a sustained whale accumulation continues to provide a bullish projection on world-leading cryptocurrencies.
As October is underway, traders are looking closely to see if Bitcoin can revisit its all-time high, or at least retest the high that hit August.
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Today’s Bitcoin Price Prediction Scenario
Bitcoin (BTC) is trading in a narrow range, exceeding $122,000, but facing resistance at $124,000. This action before and after shows market hesitation, but momentum appears to be moving towards buyers.
BTC 1-Day Chart, October 2025 | Source: crypto.news
Institutional purchases via Spot ETF are key drivers of pushing to $120,000, highlighting strong demand.
Upside down perspective
Over $124,000 will confirm bullish trends and clear the path to more ascending movements. The key goal is $123k, an all-time high in August at 124.2k. Beyond these levels, you’ll be confident in your rally and will push your BTC price forecast to over $125,000.
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This bullish expectation is supported by a healthy spot ETF inflow and an increase in futures, indicating an increase in institutional demand. If momentum applies, Bitcoin can finish Q4 strength. This is a historically advantageous period.
The risk of drawbacks
If sales increase, Bitcoin may test its support level of $117,000, which was a solid purchase zone in the past. Below that can cause short-term downside pressures, especially if you are worried about inflation or fees coming back.
Still, it appears that Bitcoin is likely to push back to $120,000 thanks to a stable influx of ETFs and better market sentiment.
Bitcoin price forecast based on current levels
Look carefully at the range from $117K to 124.2K. Find a $125,000 high, winning $124.2K Coud, past the all-time high in August. If the resistance is too strong and proves to sell pickups, Bitcoin could potentially return to $117,000 in support.
Still, Bitcoin’s outlook remains positive, and there is a bullish long-term view as long as the current momentum continues.
Conclusion
Bitcoin is testing major zones of resistance, and what happens next could define the market direction for the coming weeks. Breakouts can open the door more upside down, but if you fail to push, BTC could return to support.
Keep healthy ETF inflows and continuous institutional profits Bitcoin price forecasts positive. Despite some short-term revisions, long-term forecasts still support growth.
read more: When BTC prices return to $120,000, strategy Bitcoin Holdings reached $77.4 billion
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.