Key Takeaways
- Crypto experts speculate that the crypto market, including BTC, could potentially gain 30% or more.
- Current price action and optimism would see the price rally towards potential new all-time highs of $140k.
- Market action and data indicate bullish price trends for the crypto asset and altcoins.
Bitcoin (BTC) continues to surge to the upside following an explosive price gain towards a new weekly high of $120,000, as the price attempts to break its previous all-time high of $124,000 and potentially reach new highs of $140,000 based on market speculation.
A key factor that many traders and investors believe makes the price of BTC achieving this target look realistic is the current price action demonstrated by the number of crypto assets in the space.
Is BTC Rewriting Bull Market History?
Despite the price crashing to lower price regions of $108k, it has responded strongly in the last few weeks, closing the month strongly and rallying towards its key resistance of $118k, breaking above this zone to the upside.
This price action has led to numerous analyses and speculations about the 2017 and 2021 parabolic pump repeating itself, with the price of BTC currently leading the market as altcoins, including Ethereum, struggle to catch up in price.
Crypto analysts have also dug up more data suggesting that the price could repeat itself, which could see the price of Bitcoin trade rally towards a high of $140k to $145k. Based on historical data, the price of BTC in October and November usually sees market gains of around 30-40%.
If the price of the number one crypto asset replicates such a market percentage, we could see a strong market push towards $130,000 to $145,000 before the month runs out, as the market is currently replicating market expectations by trading above $120k.
Polymarket Predicts BTC to $130k in October
Source – BTC Prediction from Polymarket
Following recent price action and market gains in the last few days, data from Polymarket suggests many traders and analysts favour the price of BTC to trade above $124k in October, gaining over 74% indicating bullish market sentiment in October for the crypto market, and could see crypto assets do extremely well in the coming weeks.
A breakout above $124k could lead to a bullish market continuation, potentially reaching $130,000 and driving a move that could help altcoins gain a strong market rally.
FAQs
How much is BTC right now?
Bitcoin currently trades around $120,000 following a recent market price crash.
How much will 1 Bitcoin be worth in 2025?
Bitcoin has the potential to trade above the $140,000 region in 2025, based on current market speculation.
How much will BTC be worth in 2030?
The price of BTC could trade above $170,000 by 2030, according to market predictions.
Is it smart to invest in Bitcoin now?
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