No Gains for BTC in October? This AI Predicts Rangebound Price Action Between $108K and $123K

On October 5, 2025, Bitcoin hit a new all-time high of almost $126,000, which gave the market a boost of ￰0￱ this, the most recent AI-powered prediction says that a sustained breakout is unlikely this month. Instead, the world’s largest cryptocurrency is likely to stay stuck in a defined trading ￰1￱ Model Points to Prolonged Range-Bound Trading The projection, released by CryptoQuant analyst CryptoOnchain, used an NBeats Ensemble deep learning model trained on 379 on-chain features to project Bitcoin’s October price ￰2￱ shows that BTC will extend its consolidation between $108,000 and $123,000, but importantly, expects price activity to cluster in the upper half of that ￰3￱ analyst argued that this reflects steady buying interest even as the market pauses after a series of record-setting moves.

“The most probable scenario for October 2025 is the continuation of Bitcoin’s neutral, range-bound movement,” CryptoOnchain concluded. “Traders should closely monitor the support level at 108,000 and the resistance at 123,000, as a decisive break of either level could define the next mid-term directional move.” The prediction follows Bitcoin’s weekend run to a new all-time high of $125,559 per CoinMarketCap, briefly pushing its market capitalization to $2.5 trillion, just behind silver’s $2.7 trillion ￰4￱ advance erased weeks of sideways trading that defined September, when the OG crypto repeatedly tested support near $109,000 before recovering in early October.

Nonetheless, some traders remain ￰5￱ commentator Daan Crypto Trades noted in an X post on Monday that BTC’s latest push resembled a “classic weekend squeeze and retrace,” pointing to a CME futures gap at $110,000. Meanwhile, a more aggressive camp, including pseudonymous trader ￰6￱ Street, has projected a potential rally to the $160,000 to $170,000 range within the next two ￰7￱ Strength and Historical Parallels Bitcoin’s current position is based on strong on-chain fundamentals. A recent CryptoQuant report showed that spot demand levels have been rising , with a monthly rate of over 62,000 BTC since ￰8￱ much accumulation happened before rallies in 2020, 2021, and 2024.

Also, large investors are adding an average of 331,000 BTC to their holdings every year, and institutional flows through the ￰9￱ continue to add depth to the ￰10￱ to observers, the key level to keep an eye on is the on-chain realized price at $116,000; moving decisively above it could flip the market’s Bull-Bear indicator into an extended bullish ￰11￱ a price perspective, Bitcoin is down 1.1% in the last 24 hours, trading in a $122,538 to $125,165 ￰12￱ the past week, the asset has gained 10.6%, climbing from lows near $111,600, while its 30-day advance stands at 11.6%. Across the last year, its value has nearly doubled, with CoinGecko data showing it’s up 99.9%.