Bitcoin Holds Strong at $111,000 Today – Could It Reach $160,000 by Christmas?

Jakarta, Pintu News – As reported by Cointelegraph, Bitcoin (BTC) is expected to see an average increase of 44% ahead of Christmas, as analysts underestimate the impact of a deeper BTC price correction.

Research from network economist Timothy Peterson, released on X this week, predicts a “positive” performance for BTC/USD in the fourth quarter.

Bitcoin Price Rises 0.85% in 24 Hours

As of August 28, 2025, Bitcoin was trading at $111,931, equivalent to IDR 1,829,337,319, reflecting a modest 0.85% increase over the past 24 hours. During this time, BTC dipped to a low of IDR 1,802,919,320 and peaked at IDR 1,841,058,887.

At the time of writing, Bitcoin’s market capitalization is approximately IDR 36,445 trillion, while its 24-hour trading volume has risen by 0.63% to reach IDR 594.68 trillion.

Read also: September Bitcoin Outlook: 3 Key Scenarios to Watch After BTC Drops to $109K

Bitcoin Analysis Eyes $160,000 Target

Traditionally, Bitcoin experiences its weakest gains in September, a month in which BTC/USD has never ended more than 8% higher. Still, Peterson, who often compares Bitcoin’s performance across various bull markets, remains optimistic.

“Four more months until Christmas. How has Bitcoin performed during this time? Up 70% of the time. Average increase of +44%,” he summarized.

The average increase would see Bitcoin reach $160,000 in the last week of 2025, as per data from Cointelegraph Markets Pro and TradingView.

Peterson admits that such expectations are more of a guideline than a rule, given that there have been some years that didn’t fit Bitcoin’s historical pattern.

“However, I don’t think some years have market/economic conditions comparable to 2025. I would exclude 2018, 2022, 2020, and 2017 as non-typical years,” he added.

“This makes the results more skewed towards less volatile positive performance.”

Read also: Canary Capital Proposes TRUMP Coin ETF: A Promising Investment or High-Risk Opportunity?

Bitcoin “Avoids” Traditional September Decline

Some are unfazed by BTC’s current price weakness, which has returned to its lowest level since early July this week. Trader Donny told his followers on X that BTC/USD is “avoiding” the traditional September drop.

“The scale is different – but the result is the same. Much higher,” he predicts while comparing the price movement to the 2017 bull market.

Donny added that he sees BTC/USD mimicking the movement of gold after a period of delay, a classic relationship that has continued in recent years.

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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. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Cointelegraph. Bitcoin can still hit $160K by Christmas with ‘average’ Q4 comeback. Accessed on August 28, 2025