Despite its record, Bitcoin remains trapped in a strategic range
Mon 06 Oct 2025 ▪ 6 min read
After hitting a new all-time high near 125,000 dollars, Bitcoin shows signs of fatigue. Is it ready to climb a new rung or will it consolidate below resistance? Crypto analysts do not share the same enthusiasm. While some anticipate a surge towards 150,000 dollars, others foresee a phase of accumulation. The recent ATH has restored hope, but caution remains necessary.
In brief
Bitcoin surpassed 124,000 dollars, fueling speculation about a new increase.
Some traders see a consolidation between 118,000 and 123,000 dollars as a likely scenario.
An AI model from CryptoQuant anticipates a quiet October, with no significant breakout upcoming.
Bitcoin at 124,000$: between graphic enthusiasm and trader caution
At first glance, Bitcoin seems to be in excellent shape. But beyond the peak, the technical reality reminds us that the crypto star remains locked in a well-defined channel. Since its leap above 125,000 dollars, BTC has been moving between a support identified around 108,000 $ and a resistance at 123,000 $. This range acts as a true psychological and technical barrier.
Some traders mention a classic "weekend squeeze" followed by a pullback. According to Daan Crypto Trades, this bullish movement quickly gave way to a pause, suggesting a perpetual impulse rather than a fundamental one. Another analyst estimates that the rise was "totally driven by perpetual contracts" (TedPillows, X), making the progression fragile without institutional support.
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