The digital asset market has aroused with a renewed euphoria. Bitcoin (BTC) breaks – once again – the psychological barrier of $ 120,000. This movement places BTC at 3.43% of its historical maximum (ATH) at the time of this publication, generating a wave of optimism.
Bitcoin’s price has maintained a Robust ascending trend throughout the last weekas can be seen in the image below:
The “Uptober” factor and the upward history
This increase can be partially explained by the Seasonal Assets History. The tenth month of the year is colloquially known as «UPTOBER»(Word game, in English, which can be translated as” bullish October “) between traders, given the marked trend that Bitcoin has shown to register significant profits during October in previous years.
The following graph, provided by Coinglass, shows the historical performance of BTC, month by month, since 2013:
This historical guideline, although it does not guarantee future results, has become a Powerful market psychology catalystleading many investors to increase their positions at the end of September.
To this seasonal phenomenon is added the expectation of the monetary policy of the United States. The market is paying special attention to the Federal Reserve Meeting (FED) scheduled for October 29. There is a high probabilityaccording to the consensus of the predictive markets, that the Fed announce a new cut in interest rates.
A rate cut usually weakens the US dollar and increases the attractiveness of refuge and scheduled scarcity assets, such as Bitcoin. In addition, rate cut reduces the cost of loans, so There is a liquidity injection into the market.
In this panorama, BTC is increasingly seen as a mechanism of coverage against inflation and the devaluation of Fíat currencies, which reinforces its narrative as “digital gold” in a lax monetary policy environment.
Cryptonoticias has consulted various analysis firms and trading specialists, who show an almost unanimous expectation: The current price dynamics is not only a rebound, but the prelude to a major rise.
There is a strong consensus that Bitcoin will reach new historical maximums (ATH) before the end of 2025. The most optimistic come to talk about figures such as 180,000 or 200,000 dollars per Bitcoin.
The combination of a historically favorable seasonal pattern and the expectations of a change in US monetary policy, has created fertile terrain for Bitcoin’s advance. While the digital asset is consolidated near its historical maximum, the market observes with caution and optimism, waiting for A possible new chapter in the upward cycle, which could redefine the previously reached price levels.