Bitcoin Prepares for a New Price Spike: Analysts Predict a Peak in Mid-November!

Jakarta, Pintu News – Bitcoin (BTC) started the weekend positively by reclaiming an important support level. Analysts suggest that the cryptocurrency is preparing itself for a new price discovery rally that could start sooner than expected.

Bitcoin Recovery and Potential Rally

On Friday, Bitcoin (BTC) jumped nearly 3% to reach a two-month high of $123,894. The major cryptocurrency has made a huge recovery from last week’s correction, with a 14% gain from the local low. Earlier this week, Bitcoin (BTC) managed to reclaim the $115,000-$117,000 area, which was a key support zone during the early third-quarter rally, before surging to the crucial $120,000 barrier on Thursday.

Also Read: 10 Crypto Nearly Hit All-Time High Prices – October 2025 Update

Analysis and Predictions from Experts

Rekt Capital, an analyst, highlighted that Bitcoin (BTC) managed to secure a daily close above this level, avoiding a retest of the recently reclaimed $117,000 mark.

He explained that a daily close above $120,000, followed by a successful post-breakthrough test, historically precedes a move to $123,000 resistance, with an almost identical daily performance leading to the mid-August all-time record high (ATH) of $124,474.

Bitcoin Outlook and Peak Time

As the major cryptocurrency is on the “verge of entering its 3rd Price Discovery Uptrend,” Rekt Capital also shared a potential timeline for Bitcoin’s (BTC) cyclical top based on its previous post-halving performance.

In the video analysis, he suggested that Bitcoin (BTC)’s peak could arrive in the next two weeks to two months. As explained, Bitcoin (BTC) peaked around 520 days after the 2016 Halving event, while it peaked almost 550 days after the 2020 event.

Conclusion

Taking into account all the analysis and predictions, the chances for Bitcoin (BTC) to reach a new peak in the coming weeks to months seem strong. Investors and market watchers will continue to monitor key levels that could determine the future direction of Bitcoin (BTC) price.

Also Read: Shocking Bitcoin Cash (BCH) Price Predictions for 2025 to 2030!

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. Bitcoin to See New Price Discovery, Analyst Predicts Mid-November Peak. Accessed on October 6, 2025