🎁 Ace quick missions & earn crypto rewards while gaining real-world Web3 skills. JOIN NOW! 🔥

Analysts Target Next Leap After Bitcoin Hitting $125,000 Milestone

Key Takeaways

  • Bitcoin hit a record $125,700, and analysts believe it is starting a new upward phase toward higher levels;
  • Experts expect any short-term pullbacks between $108,000 and $118,000 to be brief;
  • Investor demand for US spot Bitcoin ETFs, rather than short-term trading, is fueling the market’s continued strength.​

Don't miss out - BYDFi new user bonus is now LIVE! Join BYDFi & unlock up to $2,000 in rewards. Claim Bonus! 🎁

Analysts Target Next Leap After Bitcoin Hitting $125,000 Milestone

Bitcoin’s BTC $124,964.66 recent price movement has prompted several analysts to predict continued growth.

Following a new all-time high of around $125,700 recorded on October 5, crypto analyst CrediBULL Crypto stated in a post on X that Bitcoin appears to be entering the next upward phase.

He noted that while a drop between $108,000 and $118,000 could still occur, it would likely be temporary. If the decline happens, he views it as a chance for investors rather than a concern.

How to Learn Crypto The Easy Way? (Trending Beginners' Strategy)

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe - We publish new crypto explainer videos every week!

A similar perspective was offered by Crypto Chase, a long-term market participant, who said that unless there is a big shift in conditions, any pullbacks should be relatively small.

James Wynn, a trader known for large positions on the Hyperliquid platform, stated that Bitcoin may set another record. He pointed out that interest in traditional markets, such as gold and stocks, has long overshadowed crypto.

The increase in Bitcoin’s value does not appear to be coming from short-term trades or company treasuries, according to Will Clemente.

Instead, he suggested that demand is being driven by US-based spot Bitcoin exchange-traded funds (ETFs), which are being used as alternatives to investments in commodities or smaller stocks.

Arthur Hayes, co-founder of BitMEX, recently argued that upcoming challenges for Europe’s financial system may push Bitcoin to higher levels. What did he say? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

Loading...
binance
×
Verified

CLAIM $100 BONUS

Changelly Welcome Reward
Rating
5.0