TLDR
- Bitcoin reached $119,450 on October 2, its very most realistic mark in seven weeks since August 14
- CryptoQuant forecasts Bitcoin could well attain $160,000 to $200,000 by the end of Q4 2025 if most unique attach a question to patterns continue
- Monthly space attach a question to for Bitcoin has been growing by extra than 62,000 BTC since July 2025
- US labor market knowledge showing weakness has increased the likelihood of Federal Reserve rate cuts to 99% for the October 29 assembly
- Whale holdings are expanding at an annual rate of 331,000 BTC, increased than old fourth quarter sessions
Bitcoin climbed 4% over 24 hours to be successful in $119,450 on Coinbase at some stage in early procuring and selling on October 2. This marked the cryptocurrency’s very most realistic mark level since August 14, seven weeks earlier.
The mark surge pushed Bitcoin above the $117,500 resistance diploma. The digital asset now faces resistance at the $120,000 designate.
The rally increased total crypto market capitalization by 3.5% to $4.16 trillion. Bitcoin’s market cap reached $2.37 trillion, placing it above Amazon’s valuation consistent with CompaniesMarketCap.
October has traditionally been Bitcoin’s strongest month. The cryptocurrency has posted beneficial properties in 10 of the previous 12 Octobers consistent with CoinGlass knowledge.
US job opening knowledge from August showed a marginal expand while hiring declined. The Bureau of Labor Statistics released these figures this week.
The labor market knowledge helps expectations for extra Federal Reserve rate cuts. CME futures prediction markets now reward a 99% likelihood of a 0.25% rate decrease at the Fed’s October 29 assembly, up from 96.2% on Monday.
Fourth Quarter Designate Projections
CryptoQuant released diagnosis pointing out Bitcoin entered Q4 2025 below favorable situations for a mark rally. The onchain analytics firm projects a mark vary of $160,000 to $200,000 by year’s end if attach a question to development continues.
Dilemma attach a question to for Bitcoin has been rising since July. Apparent attach a question to has been growing at a monthly bolt exceeding 62,000 BTC consistent with CryptoQuant.
This attach a question to sample fits situations that preceded old fourth quarter rallies in 2020, 2021, and 2024. Whale holdings are expanding at an annual rate of 331,000 BTC.
This compares to 255,000 BTC in Q4 2024 and over 238,000 before all the pieces of Q4 2020. US-listed ETFs purchased 213,000 BTC in Q4 2024, representing a 71% expand from the old quarter.
THEY’RE BUYING. HARD. 🔥#BITCOIN SPOT ETFS SAW $429.9M INFLOWS (3,762 BTC) YESTERDAY.
NOT ONE ETF HAD AN OUTFLOW. pic.twitter.com/mxotz6zusA
— Carl Moon (@TheMoonCarl) October 1, 2025
Question Indicators Enhance Bullish Case
Bitcoin broke above the dealer’s on-chain realized mark of $116,000. CryptoQuant identifies this because the brink for moving reduction into the bull allotment of the cycle.
CryptoQuant’s bitcoin bull derive index stood at 40-50 in tiring September. These stages matched readings from the end of Q3 2024, earlier than Bitcoin rallied from $70,000 to $100,000.
The index has been supported by rising Bitcoin attach a question to and expanding stablecoin liquidity. Lower unrealized dealer beneficial properties veil reduced selling pressure consistent with the firm.
Celebrated Chartered Bank, Bitwise, and Fundstrat’s Tom Lee secure also issued forecasts for Bitcoin reaching $200,000 by year end. Celebrated Chartered projects Bitcoin could well attain $500,000 by 2028.
Other cryptocurrencies also posted beneficial properties on October 2. Ethereum rose extra than 5% to be successful in $4,390, its very most realistic diploma since September 22.
Solana, Dogecoin, Cardano, Chainlink and Hyperliquid all increased extra than 6% at some stage within the the same duration. At the time of reporting, Bitcoin had retreated a little bit to $118,947 after reaching the seven-week high.
