Bitcoin now seems to be on the move again. The token is now aiming for the long haul, moving strategically ahead as the Fed has announced its decision to cut interest rates by 25 bps. This has led the cryptocurrency domain to witness a sharp surge in the process, with BTC sitting at $117K at press time.

Also Read: 84% of Global Investors Haven’t Touched Crypto Yet: BoA

BTC Predictions: What Lies Ahead?

Microstrategy Scoops up 301 Bitcoin for $5.7 Million
Source: MARCA

Bitcoin is now once again gaining mainstream attention, as investor sentiment turns towards the asset once again. As the Fed has announced its latest rate cuts, the investor sentiment will continue to find refuge in risky assets like BTC, helping Bitcoin gain momentum once again.

Per Javon Marks, a notable crypto analyst, Bitcoin has already started its ascent, targeting a new high of $123K in the near future.

“#Bitcoin adds to its breakout gains and looks to be headed with steam towards the $123,000 levels AND HIGHER 🔥!”

Moreover, the token is also targeting major price highs in the process, as predicted by Bitcoin Magazine Pro. The outlet has shared how a bullish momentum could help Bitcoin hit $190K, with an accumulation high of $155K.

“The Bitcoin Golden Ratio Multiplier has mapped out BTC’s diminishing price cycle returns with remarkable accuracy since 2011! 🎯 It’s currently pointing to these levels: 👇. 🔥 Potential Bull High: $194,000…💥 Accumulation High: $155,000”

With the approvals of multiple crypto ETFs in the queue, the market is awaiting a slight momentum push, which once again can help Bitcoin resume its ascent to $120K and beyond.

Technical Index Insights

According to CoinCodex, Bitcoin is eyeing a new high of $121K by mid-October 2025.

BTC STATS
Source: CoinCodex

“According to our current Bitcoin price prediction, the price of Bitcoin is predicted to rise by 2.96% and reach $121,187 by October 18, 2025. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 52 (neutral). BTC recorded 15/30 (50%) green days with 2.08% price volatility over the last 30 days..”

Also Read: Memecoin Price Predictions For Sept’ End: Bonk, DogWifHat, Dogecoin

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