Bitcoin Price Surges to New Peak in October 2025, What Triggered It?

Jakarta, Pintu News – Bitcoin (BTC) recently recorded a significant price increase, breaking the $126,000 barrier. Currently, Bitcoin (BTC) is in a consolidation phase and may be looking for further gains in the near future.

Bitcoin’s record-breaking price

Bitcoin (BTC) managed to stay above the $122,000 zone and started a new upswing. The cryptocurrency settled above the $123,500 resistance zone, which triggered the current upside movement. Market participants were able to push the price past the $125,000 and $125,500 levels. In fact, they managed to cross the $126,000 level.

A new high was formed at $126.198 before a small price pullback occurred. The price briefly dropped below the 23.6% Fib retracement level of the recent wave that started from a low of $122,230 to a high of $126,198.

Also Read: 5 Ways to Check Crypto Wallet: Monitor Assets & On-Chain Activity in Real-Time

Potential Increase in Bitcoin Price

Currently, Bitcoin (BTC) is trading above $124,000 and the 100-hour simple moving average (SMA). Additionally, there is a short-term bullish trend line formed with support at $124,200 on the hourly chart of the BTC/USD pair. The immediate resistance on the upside is near the $125,250 level.

The first key resistance is near the $125,500 level. The next resistance could be at $126,200. A close above the $126.200 resistance could push the price even higher. In that case, the price could attempt a test of the $126,500 resistance. A further increase could lead the price towards the $128,000 level. The next limit for the bulls could be at $130,000.

Bitcoin Price Downward Correction

If Bitcoin (BTC) fails to rise above the $125,500 resistance zone, it could trigger a new decline. Immediate support is near the $124,200 level and the trend line. The first major support is near the $123,250 level or the 76.4% Fib retracement level of the recent wave from the $122,230 low to $126,198 high.

The next support is now near the $122,500 zone. Further losses could send the price towards $121,200 support in the short term. The key support is at $120,500, below which Bitcoin (BTC) may struggle to recover in the short term.

Technical Indicators

The hourly MACD indicator is now starting to strengthen in the bullish zone. The hourly Relative Strength Index (RSI) for BTC/USD is now above the 50 level. The key support level is $124,200, followed by $123,250. The key resistance levels are $125,500 and $126,500.

Conclusion

With strong technical support and growing interest from investors, Bitcoin (BTC) seems poised to continue its upward trend. However, it’s important to be mindful of the potential correction that could occur if Bitcoin (BTC) fails to break through key resistance.

Also Read: 5 Coin Memes Predicted to Explode After Bitcoin Breaks $125,000

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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 Price Surges 12%, Here’s Why Bulls Could Aim $13,000. Accessed on October 8, 2025