Bitcoin Approaching All-Time High in Bullish October
Bitcoin, the world's largest cryptocurrency, is approaching its all-time high, starting October near $122,000. Historically, October has been a bullish month for Bitcoin, with average gains above 20% since 2015. This year, strong institutional demand and favorable market conditions could drive the bitcoin price even higher.
Analysts predict bitcoin could reach $131,000 following its recent breakout from an inverse head-and-shoulders pattern. Furthermore, they foresee a year-end test of $150,000, boosted by strong institutional participation. Notably, BlackRock and Fidelity have been significant players, with BlackRock transferring bitcoin-ETF inflows exceeding $3.2 billion in one week in October 2025 alone.
However, there are potential short-term risks. Nearly $20 billion in bitcoin longs in derivatives markets could lead to liquidations if upward momentum slows. A retracement to $117,000-$118,000 could offer safer entry points before bitcoin resumes its uptrend.
As October begins, bitcoin is poised for further gains, building on its historical October bullishness. Strong institutional demand and favorable market conditions support this optimism. However, traders should remain vigilant to short-term risks, such as potential liquidations in derivatives markets.
