Bitcoin Rockets Past $119K, Analysts Now Eye $130K Target

Bitcoin edged higher today, breaching the key $119,000 mark, after a string of steady sessions, lifting prices above recent ranges and drawing fresh attention from big ￰0￱ Reading: Fast And Furious: XRP’s Next Rally Predicted To Shock Markets According to Coinglass data, BTC rose about 2.50% in the last 24 hours, and is up 8% over the last seven ￰1￱ activity and inflows are being watched closely as traders size up the next ￰2￱ Flows Drive Momentum Data shows the top crypto asset registered a second straight day of strong inflows, putting $430 million into Bitcoin spot ￰3￱ kind of demand helps explain why Bitcoin’s market value has jumped from $870 billion to $2.34 trillion this ￰4￱ say that steady institutional buying has been a key engine behind the rally, and continued flows could keep momentum alive. $BTC/usdt DAILY$BTC breaking out of LTF consolidation @ $115k within the HTF ascending channel we’ve been in all of 2025 $130k is the ultimate breakout point and could lead to the cycle blow off top 🎯 ￰5￱ — Satoshi Flipper (@SatoshiFlipper) October 1, 2025 Price Levels And Targets In Focus Resistance zones are being tested.

Near-term hurdles sit at $118,500 and $119,800, with a close target at $120k if buyers stay in ￰6￱ Satoshi Flipper pointed out that BTC appears to have built a base above the $115,000 area and is holding a higher time frame structure, adding that a long-term breakout aim sits near $130,000. Buyers extended the climb past $118k, and that move is being cited as a sign that demand remains present above current levels. On-Chain Signals And Volatility According to Coinglass, trading volume rose 12% to nearly $95 billion for the day, while Open Interest increased 4.46% to $84 ￰7￱ OI weighted funding rate came in at 0.0050%. Liquidations show the market can still move quickly: $157.08 million in positions were wiped in the past day, with shorts accounting for $136 million and longs $20 million.

A bullish MACD crossover has been confirmed on some timeframes, and the RSI sits at 58% — levels that suggest more room to climb but not runaway overheated ￰8￱ Patterns Add To The Optimism Based on reports and past data, October has a history of strong performance — “Uptober” shows an average gain of 20%. September registered a 5% rise, and the third quarter closed with 6% according to ￰9￱ fourth quarter’s average return has historically been large, at 78%, which is why some market participants are optimistic heading into the final months of the ￰10￱ remain active, but the path up may not be smooth. A clear push above $120,000 would be a useful signal that new highs might follow, while a stumble into the liquidity clusters could force a quick ￰11￱ Reading: Space Meets Crypto—Spacecoin Executes 1st Blockchain Transaction Beyond Earth Market participants are balancing on-chain flows, visible technical levels, and known seasonal patterns as they decide their next ￰12￱ image from Unsplash, chart from TradingView