{"id":89615,"date":"2025-10-06T10:42:53","date_gmt":"2025-10-06T07:42:53","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=89615"},"modified":"2025-10-06T10:47:33","modified_gmt":"2025-10-06T07:47:33","slug":"new-record-high-sets-bitcoin-on-course-for-150000-say-analysts","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/new-record-high-sets-bitcoin-on-course-for-150000-say-analysts\/","title":{"rendered":"New record high sets bitcoin on course for $150,000, say analysts"},"content":{"rendered":"<p>On 5 October the first cryptocurrency <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-surpasses-125000-to-set-new-all-time-high\">set<\/a> a new record high at $125,708. That signalled the start of the next leg higher towards $150,000, according to the analyst known as CrediBULL Crypto.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We blast through it.<\/p>\n<p>Now that we&#8217;ve made new ATH&#8217;s in an impulsive manner, the next leg to 150k+ has begun imo.<\/p>\n<p>At this stage- it is anyone&#8217;s guess how deep of a pullback we may get here at our highs (if any), but just like last time, anything above the lows of the origin of\u2026 <a href=\"https:\/\/t.co\/UXOBiaFetD\">https:\/\/t.co\/UXOBiaFetD<\/a> <a href=\"https:\/\/t.co\/CKIItoVMCc\">pic.twitter.com\/CKIItoVMCc<\/a><\/p>\n<p>\u2014 CrediBULL Crypto (@CredibleCrypto) <a href=\"https:\/\/twitter.com\/CredibleCrypto\/status\/1974730144574034352?ref_src=twsrc%5Etfw\">October 5, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>He nevertheless allowed for pullbacks to the $108,000\u2013$118,000 area \u2014 potential levels for accumulation.\u00a0<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cAt this stage, everyone can only guess how deep the pullback will be (if there is one at all), but, as last time, anything above the lows from which this impulse began (at $108,000) is an acceptable scenario,\u201d the expert noted.\u00a0<\/em><\/p>\n<\/blockquote>\n<p>Trader Crypto Chase concurred, confirming the start of another bull rally.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a><\/p>\n<p>A new leg up seems likely. If BTC is truly strong, the pullbacks will be minor at best. Sweeping the 121.4K~ equal lows would accomplish the job of flushing late longs \/ trailed stops while not providing an easy entry to those on the sideline.<\/p>\n<p>Unfortunately the entirety of\u2026 <a href=\"https:\/\/t.co\/gDaCqsX1W3\">pic.twitter.com\/gDaCqsX1W3<\/a><\/p>\n<p>\u2014 Crypto Chase (@Crypto_Chase) <a href=\"https:\/\/twitter.com\/Crypto_Chase\/status\/1974741110669848943?ref_src=twsrc%5Etfw\">October 5, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cIf bitcoin is truly strong, the pullbacks will be, at best, minor,\u201d he stressed.\u00a0<\/p>\n<\/blockquote>\n<p>On 6 October the self-proclaimed \u201cking of perpetuals\u201d James Wynn <a href=\"https:\/\/x.com\/JamesWynnReal\/status\/1974980071892066809\">wrote<\/a> that the digital gold would set another ATH \u201cin the coming hours\u201d. At the time of writing the first cryptocurrency was trading at $123,900.\u00a0<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"600\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-efb2df83a5a99dd6-6129062216833326-1024x600.png\" alt=\"image\" class=\"wp-image-266996\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-efb2df83a5a99dd6-6129062216833326-1024x600.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-efb2df83a5a99dd6-6129062216833326-300x176.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-efb2df83a5a99dd6-6129062216833326-768x450.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-efb2df83a5a99dd6-6129062216833326-1536x899.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/img-efb2df83a5a99dd6-6129062216833326.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Hourly chart of BTC\/USDT on Binance. Source: <a href=\"https:\/\/ru.tradingview.com\/chart\/?symbol=BINANCE%3ABTCUSDT\">TradingView<\/a>.\u00a0<\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\">What is happening in the crypto market?\u00a0<\/h2>\n<p>Over the past 24 hours the market value of digital assets fell by 0.6% to $4.3 trillion, according to <a href=\"https:\/\/www.coingecko.com\/ru\">CoinGecko<\/a>. Among the top ten cryptocurrencies, BNB posted the best daily performance, with its price exceeding $1,200 for the first time.\u00a0<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"689\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-b97087710245884a-6129080964057244-1024x689.png\" alt=\"image\" class=\"wp-image-266997\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-b97087710245884a-6129080964057244-1024x689.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-b97087710245884a-6129080964057244-300x202.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-b97087710245884a-6129080964057244-768x517.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-b97087710245884a-6129080964057244-1536x1034.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/img-b97087710245884a-6129080964057244.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: CoinGecko.\u00a0<\/figcaption><\/figure>\n<p>Bitcoin\u2019s new record was not accompanied by significant liquidations.\u00a0<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"347\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-1252cdec4f694d90-6129093368675579-1024x347.png\" alt=\"image\" class=\"wp-image-266998\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-1252cdec4f694d90-6129093368675579-1024x347.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-1252cdec4f694d90-6129093368675579-300x102.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-1252cdec4f694d90-6129093368675579-768x260.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-1252cdec4f694d90-6129093368675579-1536x521.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/img-1252cdec4f694d90-6129093368675579.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/www.coinglass.com\/LiquidationData\">CoinGlass<\/a>.\u00a0<\/figcaption><\/figure>\n<p><a href=\"https:\/\/forklog.com\/en\/news\/what-is-cryptos-fear-and-greed-index\">Fear Index<\/a> is in the \u201cgreed\u201d zone, signalling that bullish sentiment prevails.\u00a0<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"462\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-07a0a6309d12aa4d-6129106811924154-1024x462.png\" alt=\"image\" class=\"wp-image-266999\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-07a0a6309d12aa4d-6129106811924154-1024x462.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-07a0a6309d12aa4d-6129106811924154-300x135.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-07a0a6309d12aa4d-6129106811924154-768x346.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-07a0a6309d12aa4d-6129106811924154-1536x693.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/img-07a0a6309d12aa4d-6129106811924154.png 1574w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/alternative.me\/crypto\/fear-and-greed-index\/\">Alternative.me<\/a>.\u00a0<\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\">Drivers of the crypto market\u00a0<\/h2>\n<p>One possible driver of bitcoin\u2019s rise was the US government shutdown, which began on 1 October. Following that event the cryptocurrency\u2019s price <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-tops-116000-as-us-government-shuts-down\">jumped<\/a> above $116,000.\u00a0<\/p>\n<p>Some community members noted that three of the last five shutdowns led to a pump in the digital gold.\u00a0<\/p>\n<p>Another traditionally supportive factor is inflows into spot <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-cryptocurrency-etf\">ETF<\/a>. From 29 September to 3 October, bitcoin-based products took in $3.2bn.\u00a0<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cWe may get one last pullback, but the most bullish aspect of this bitcoin move is that it is not being driven by <\/em><a href=\"https:\/\/forklog.com\/en\/news\/crypto-treasuries-lose-steam-as-blockchains-hit-a-technical-ceiling\"><em>crypto-treasury companies<\/em><\/a><em> or futures enthusiasts, but by spot ETF buying. This most likely indicates that macro portfolio managers and funds are viewing the cryptocurrency as an asset to rotate into from commodities and small-cap stocks,\u201d <\/em><a href=\"https:\/\/x.com\/WClementeIII\/status\/1974869694806204530\"><em>noted<\/em><\/a><em> analyst and trader Will Clemente.<\/em><\/p>\n<\/blockquote>\n<p>Nate Geraci, president of Nova Dius, <a href=\"https:\/\/x.com\/NateGeraci\/status\/1974974890462810112\">called<\/a> this the second-best showing for ETFs since launch.\u00a0<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"318\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-b0a34bd6683ab157-6129126266059159-1024x318.png\" alt=\"image\" class=\"wp-image-267000\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-b0a34bd6683ab157-6129126266059159-1024x318.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-b0a34bd6683ab157-6129126266059159-300x93.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-b0a34bd6683ab157-6129126266059159-768x239.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-b0a34bd6683ab157-6129126266059159-1536x477.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/img-b0a34bd6683ab157-6129126266059159.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Weekly inflows into spot bitcoin ETFs. Source: <a href=\"https:\/\/sosovalue.com\/assets\/etf\/Total_Crypto_Spot_ETF_Fund_Flow?page=usBTC\">SoSoValue<\/a>.\u00a0<\/figcaption><\/figure>\n<p>Bloomberg ETF analyst Eric Balchunas also <a href=\"https:\/\/x.com\/EricBalchunas\/status\/1974838529801761094\">said<\/a> that bitcoin\u2019s ATH followed \u201ca wild week for ETFs with $3.3bn of inflows over a few trading sessions and $24bn year-to-date\u201d.\u00a0<\/p>\n<p>Seasonality also matters \u2014 analysts earlier <a href=\"https:\/\/forklog.com\/en\/news\/analysts-elucidate-the-pattern-of-seasonal-rallies-in-q4\">explained<\/a> the pattern of rallies in the final three months of the year. According to <a href=\"https:\/\/www.coinglass.com\/today\">CoinGlass<\/a>, the first cryptocurrency has risen in eight of 12 fourth quarters.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On 5 October bitcoin set a record at $125,708. The move marks the start of a push towards $150,000, says CrediBULL Crypto.<\/p>\n","protected":false},"author":1,"featured_media":89616,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Analysts do not rule out a pullback to $108,000\u2013$118,000","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,569,1145,1138],"class_list":["post-89615","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-etf","tag-market-analysis","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"132","promo_type":"1","layout_type":"1","short_excerpt":"Analysts do not rule out a pullback to $108,000\u2013$118,000","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/89615","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=89615"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/89615\/revisions"}],"predecessor-version":[{"id":89617,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/89615\/revisions\/89617"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/89616"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=89615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=89615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=89615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}