Bitcoin stabilizes near record highs, with analysts predicting a $150,000 price target in October.
- Bitcoin holds support at $124K as ETF flows fuel momentum towards $150K
- Analysts see a drop below $121,000 as key entry points for long-term traders.
- The uptrend and institutional buying support Bitcoin's macroeconomic growth.
On Monday, Bitcoin held steady above $124,000, reaching a new all-time high of $126,198, signaling sustained growth despite a brief pullback. Market analyst Michael van de Poppe noted that this move reflects a healthy consolidation phase before a breakout to $150,000.
In a post on X, Van de Poppe described the structure as building “stamina” for Bitcoin's next leg up, adding that the optimal buy zone is below $121,000 if a decline occurs.
#Bitcoin is nicely consolidating around the all-time high.
It's building up stamina for the next big breakout towards $150K.
If there's a dip, then I think that we're looking at <$121K for an optimal entry point. pic.twitter.com/oT4ZW7IVl2
— Michaël van de Poppe (@CryptoMichNL) October 7, 2025
There is a general bullish sentiment towards Bitcoin
Notably, Van de Poppe's forecast aligns with the overall sentiment in the cryptocurrency market regarding Bitcoin. On Monday, the world's leading cryptocurrency set a new all-time high, reaching a record price of $126,198, and its market capitalization exceeded $2.5 trillion for the first time.
The latest rally reflects growing demand for Bitcoin after a significant decline. According to TradingView, Bitcoin has gained more than 16% over the past 12 days. However, crypto analysts seem more interested in the cryptocurrency's future performance, given how it broke through resistance and set a new all-time high.
It's important to note that the previous resistance around $121,000–$123,000 has become initial support for Bitcoin in the current environment. TradingView data shows that at the time of writing, the cryptocurrency is trading at $123,770, reflecting a slight pullback from its recent all-time high.
Related: Bitcoin Price Forecast: Strategy's $3.9 Billion Gain Boosts Sentiment
Bitcoin's bullish momentum continues
Meanwhile, Van de Poppe noted that Bitcoin is “consolidating well.” This explains that Bitcoin's bullish momentum is continuing, and the pullback is temporary.
Meanwhile, for most analysts, breaking the previous all-time high is the final push for the next stage of Bitcoin's expected rally to $150,000.
Institutional demand for BTC continues to grow
ETF inflows remain one of the most significant drivers of growth. U.S. spot Bitcoin ETFs recorded weekly inflows of $3.2 billion, the second-highest figure since the launch of the BlackRock iShares ETF.
Analysts say the robust demand suggests that institutions are viewing Bitcoin as a strategic reserve asset—a role previously reserved for gold.
Related: Wall Street veteran Paul Tudor Jones renews Bitcoin call position as institutional profits rise
Source: cryptonews.net
