The digital asset market is excited by a new sense of happiness. Bitcoin (BTC) breaks – once more – a psychological barrier of $120,000. The move places BTC at 3.43% of its historical maximum (ATH) at the time of this publication, creating a wave of optimism.
Bitcoin prices are maintained A robust upward trend throughout last weekas shown in the image below:
“Uptober” factors and upward history
This increase can be explained in part Seasonal assets history. The 10th month of this year is colloquially called «uptober» Given the significant trend among traders (in English that can be translated as “bullen October” in Word Game, in English) that Bitcoin has registered important profits in the past October.
The following graph provided by Coinglass shows the historical performance of BTC monthly since 2013.
Although these historical guidelines do not guarantee future results, Powerful Market Psychology Catalystwill lead many investors to expand their jobs at the end of September.
This seasonal phenomenon adds expectations for US monetary policy. The market is paying special attention to the Federal Reserve Council, scheduled for October 29th. There is a high probabilityaccording to the forecast market consensus, Fed announces new cuts in interest rates.
Rate reductions usually weaken the US dollar and increase the appeal of scheduled scarcity assets such as shelters and Bitcoin. Furthermore, rate reduction reduces loan costs, There is liquidity injection into the market.
In this panorama, BTC is increasingly seen as a mechanism of coverage for inflation and devaluation of Fear currency, reinforcing its narrative as “digital gold” in a loose monetary policy environment.
Cryptonoticias consults a variety of analytics companies and transaction specialists. The current price dynamics are not only rebounds, but also preludes to massive rises.
There is a strong consensus that Bitcoin will reach a new historic Maximum (ATH) by the end of 2025. The most optimistic thing is to talk about numbers like $180,000 or $200,000 per Bitcoin.
The combination of historically favorable seasonal patterns and expectations of changing US monetary policy has created fertile topography for Bitcoin advancement. Digital assets are integrated near the historic biggest, but the market is looking at and waiting with caution A possible new chapter in the upward cycle..
