New All-Time High for Bitcoin above $125K
Bitcoin achieved a new high all-time today and could climb higher, but will likely fall back instead.
Quick overview
- Bitcoin has reached a new record high of $125,234 amid a bullish market sentiment during the U.S. government shutdown.
- The cryptocurrency has surged over 25% since the beginning of 2025, with analysts speculating it could reach $150K.
- Despite the current rally, there are concerns about a potential pullback as investors may choose to sell off their holdings.
- Historically, Bitcoin has struggled to maintain its record highs, often retreating shortly after reaching them.
Bitcoin is now priced at $125,234 (BTC/USD) and rising, setting a new record high and stirring up talk of a bullish market while the U.S. government remains shut down.
Bitcoin (BTC) shattered its own record today and passed $125K for the first time as the cryptocurrency market climbs during the government shutdown. It appears that investors are choosing assets like gold and crypto that are more reliable at the moment as they wait out the shutdown.
BTC/USD
Bitcoin has enjoyed an incredible rally since early in the year. A large part of his platform leading up to his election was focused on his plans to support cryptocurrency. Since he established his own crypto token and created a Bitcoin reserve, Trump has proven to be very much pro-cryptocurrency.
New Bitcoin Price Prediction
Bitcoin was valued around $86,000 at the beginning of 2025 and has since grown by more than 25% since then. The coin hit a few record highs during the year and could set new records before the year is over, especially since it is currently at its all-time high.
Now up 9.67% over the last week, Bitcoin is enjoying a bullish trend that has analysts speculating about how high it will go. This is what we tend to see when Bitcoin sets a new record, and the coin has repeatedly disappointed investors after it sets a new record high. It has not stayed near the high for long this year whenever it achieves a record.
There is speciation that the coin will reach $150K, but that is mostly because that is an appealing number, and we have not seen that kind of momentum for the coin this year. It is possible that BTC will surprise and outperform in the last few months, but it is more likely that it will retreat from its current high and settle back down around $110-$115K throughout much of October. If it does, the coin will have a hard time gaining support from crypto whales.
Because BTC has moved so quickly and so high, we expect some pullback in the coming days. Many investors may see this as a good time to sell off rather than wait it out for further gains.
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