The Bitcoin (BTC) is at present on a bullish run and is priced $120,547.94. Bullish sentiment is pushed by optimistic technical indicators and is bolstered by a beneficial macroeconomic setting. The BTC has crossed its $120,000 psychological barrier as properly.

In keeping with consultants, the rally is predicted to proceed amidst elevated ETF inflows, anticipations round Fed price cuts, “Uptober” sentiments and talks on Sweden’s proposed BTC reserve. 

The Present Market Situation: How is BTC Faring At the moment?

As of in the present day, third October 2025, Bitcoin ( BTC) is priced round $120,547.94. The worth has fluctuated between $ 118,537 and $ 121,009 previously 24 hours. The worth has elevated by 1.55% over the previous 24 hours. The BTC is buying and selling above its 200-day Easy Shifting Common (SMA) of $ 104,626. The 14-day Relative Energy Index ( RSI) stands at 64.42, additional reinforcing bullish sentiments. The Worry and Greed index worth has reached 63, greed, indicating an optimistic outlook.

The BTC has skilled 16 inexperienced days previously 30 days. The general market sentiment stays bullish, and the world’s largest cryptocurrency is presently buying and selling close to its all-time excessive. The $ 124,171 was the all-time excessive reached by BTC again on August 14th this yr. 

Moreover, BTC has reached above its psychological barrier $120,000 earlier in the present day. The bullish run is predicted to proceed because the technical indicators stay optimistic.

BTC: 24 Hour Value Prediction

At the moment, the worth of BTC is rallying, and it has even damaged the psychological barrier of $120,000. Bullish run is pushed by elevated institutional inflows to the spot ETF. The ETF has seen $627 million in inflows. One other vital issue driving the rally is the beneficial macroeconomic setting. Consultants are anticipating additional cuts from the Fed. The Fed cuts would improve the danger urge for food of the traders amidst the elevated liquidity. The decreased charges would additionally drive them away from conventional investments to highly-rewarding ones reminiscent of crypto. 

In opposition to the backdrop of beneficial macroeconomic parameters, additional fueled by an “uptober” sentiment, the worth of BTC is predicted to go up. Traditionally, the BTC has proven an uptrend in October. 

The consultants predict that the BTC worth could hit $ 121,527 within the subsequent 24 hours. Moreover, the worth is predicted to succeed in round $ 129,954 within the upcoming weeks, breaking its all-time excessive.

Elements Affecting the Value of BTC

There are a number of elements, each crypto market-specific and macroeconomic parameters, which are shaping the worth of BTC. The elevated institutional adoption, facilitating regulatory steps such because the SEC’s generic approval for crypto ETFs, anticipations about Fed price cuts, and Sweden’s proposed BTC reserve are a number of the optimistic elements driving the rally. On high of that, a Uptober sentiment is favouring a bullish run. Being the world’s largest cryptocurrency, BTC has a broader adoption and a market cap nearing $2.39 trillion.

In keeping with Riya Sehgal, analysis analyst, Delta Change, Bitcoin’s progress is underpinned by structural power, broader adoption, and beneficial macroeconomic circumstances relatively than mere hypothesis. Regardless of the uptrend, the traders are suggested to train warning because the crypto market stays extremely unstable.