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October 3, 2025cryptonews logocryptonews

Bitcoin Price Prediction: $120K Uptober Rally Sparks Bullish Momentum but Bearish Pattern Looms

Bitcoin surged to $120,132 on Thursday, marking its highest level in seven weeks as October’s “Uptober” rally gathered ￰0￱ cryptocurrency gained 4% in 24 hours, breaking through resistance at $117,500 and pressing against the symbolic $120,000 ￰1￱ this level, Bitcoin’s market capitalization rose to $2.37 trillion, surpassing Amazon’s value, while the broader crypto market swelled to $4.16 ￰2￱ rally spilled into altcoins, with Ethereum, Solana, Cardano, and Dogecoin climbing 5–6% in ￰3￱ point to expectations of Federal Reserve rate cuts as a key ￰4￱ ￰5￱ data has fueled speculation that policymakers may ease monetary conditions later this month, boosting Bitcoin’s appeal as a hedge against economic ￰6￱ Jump With ￰7￱ uncertainty brewing, capital historically seeks refuge in crypto, and the chart shows ￰8￱ the last 7 days: • $SOL +6.7% • $ETH +6.5% • $BTC +4.1% • $XRP +3.4% Spaghetti chart confirms majors pulling ahead while macro tension builds.… ￰9￱ — BB Terminal (@BB_Terminal) October 1, 2025 October has historically been one of Bitcoin’s strongest months, and traders are betting the trend could ￰10￱ decisively above $120,000 would open the door for another leg higher, potentially toward all-time highs if momentum ￰11￱ Plans 24/7 Futures by 2026 Adding to the optimism, the CME Group announced plans to launch 24/7 trading for Bitcoin and Ethereum futures and options by early 2026, pending regulatory approval.

Currently, CME halts crypto futures trading over weekends, a mismatch with global markets that operate 24/7. The shift is designed to meet growing institutional demand for continuous risk ￰12￱ McCourt, CME’s global head of equities and alternative products, said the move should enhance market efficiency, reduce arbitrage gaps, and strengthen ￰13￱ Group is taking crypto futures and options 24/7 starting early 2026 The exchange says demand from clients to manage risk “every day of the week” keeps growing, and crypto is the perfect testing ground for round-the-clock ￰14￱ — Satoshi Club (@esatoshiclub) October 2, 2025 Analysts believe this will cement Bitcoin’s role in mainstream finance, encouraging more hedge funds and asset managers to ￰15￱ adoption has long been a catalyst for Bitcoin price ￰16￱ aligning with the 24/7 nature of digital assets, CME could accelerate that trend and provide fresh liquidity for both spot and derivatives ￰17￱ Weighs Bitcoin Reserve, Bearish Pattern Emerges Meanwhile, Sweden is considering joining the ranks of nations exploring Bitcoin ￰18￱ Dennis Dioukarev and David Perez have proposed a national reserve built from seized Bitcoin, arguing it would protect the country from inflation and geopolitical ￰19￱ idea aligns with broader international discussions, with the ￰20￱ examining Bitcoin’s role as a strategic asset.

A national Bitcoin reserve in Sweden could set a precedent across Europe, reinforcing the asset’s credibility and potentially sparking new institutional ￰21￱ Price Chart –) projected between $128,000 and $130,000. While momentum remains bullish in the short term, this harmonic structure warns of potential selling pressure at higher ￰22￱ levels : $117,000, $113,500, $106,900 Resistance targets : $124,600, $128,000–$130,000 (PRZ) A clean breakout above $124,600 could pave the way toward the PRZ, but overbought RSI conditions suggest the risk of a pullback increases the closer Bitcoin gets to $130,000. A failure to hold $117,000 could expose deeper supports at $113,500 and $106,900.

Bitcoin is forming a Bearish Butterfly pattern. Resistance: $124.6K, PRZ $128K–$130K Support: $117K / $113.5K / $106.9K Momentum looks bullish short term, but caution: risk of reversal grows as price nears the PRZ. #BTC #Crypto ￰23￱ — Arslan Ali (@forex_arslan) October 3, 2025 For traders, the outlook is clear: Uptober momentum is strong, institutional demand is rising, and global policy shifts are ￰24￱ the technical picture advises caution at higher levels, as the rally nears a zone where profit-taking could ￰25￱ Maxi Doge ($MAXI) Blends Meme Power With Gym-Bro Energy Maxi Doge ($MAXI) is a meme-fueled token designed for degens who thrive on 1000x leverage and relentless ￰26￱ than just a meme coin, $MAXI represents a community-driven culture that fuses trading intensity with gym-bro energy, caffeine, and competitive ￰27￱ holding $MAXI, investors unlock staking rewards, trading contests, and access to gamified partner ￰28￱ smart contract has been audited by SolidProof and Coinsult, giving added confidence in the project’s ￰29￱ is ￰30￱ presale has already raised over $2.6 million, with tokens priced at just $0.00026.

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