On October 2025, Bitcoin surged toward the $120,000 mark, hitting its highest level in nearly seven weeks. The world’s largest cryptocurrency briefly touched $119,450, a price not seen since mid-August, according to Cointelegraph.
Over the past 24 hours, Bitcoin registered gains of nearly 4%, successfully breaking through the $117,500 resistance level. Analysts now point to $120,000 as the next critical threshold. A decisive breakout above this level could open the door to fresh record highs.
Market sentiment is buoyed by expectations that the U.S. Federal Reserve will continue cutting interest rates at its upcoming meetings. Lower rates traditionally increase investor appetite for risk assets, including cryptocurrencies. Additionally, October has historically been a strong month for Bitcoin — often referred to by traders as “Uptober.”
Investor optimism is also supported by growing institutional participation and positive macroeconomic signals, with traders betting on Bitcoin as both a hedge against inflation and a high-growth digital asset.
With momentum building and technical indicators flashing bullish signals, market participants are watching closely to see if Bitcoin can break the $120,000 barrier and establish new price territory.
