Bitcoin surged previous $114,000 on Monday, extending a rally that has defied its traditional September weak point. The transfer comes after bitcoin briefly examined help close to $107,000 earlier this month, solely to rebound over the course of the month.
The acquire marks bitcoin’s strongest September since 2012, with costs up roughly 8% on the month. Technical merchants observe that BTC has damaged out of a descending wedge formation on the short-term charts — a bullish setup that, if confirmed, may open the door to a push towards $120,000.
What makes the advance significantly notable is the backdrop of traditionally low volatility. Bitcoin traditionally underperforms in September however then surges in October, November and December.
Regardless of the most recent breakout, bitcoin’s third-quarter efficiency has lagged behind its friends. BTC posted beneficial properties of about 7% in Q3 2025, a stark distinction to Ethereum’s 68% rally over the identical interval.
Eric Trump predicts that This fall will likely be “unbelievable”
Bitcoin’s rally has drawn contemporary commentary from Eric Trump, government vp of the Trump Group and a longtime crypto advocate.
In current interviews, Trump reiterated his daring $1 million worth goal, urging traders to purchase now.
“Volatility is your pal. Purchase proper now. Shut your eyes. Maintain it for the subsequent 5 years,” Trump stated.
Trump argued that world financial easing and a swelling cash provide will finally propel bitcoin a lot increased. He additionally pointed to seasonality, noting that This fall has traditionally been bitcoin’s strongest quarter, averaging beneficial properties of roughly 85% in prior cycles.
The remarks echoed his August look at a Bitcoin convention in Hong Kong, the place he advised attendees, “We haven’t even scratched the floor.”
The feedback come because the Trumps have expanded their bitcoin and crypto ventures over the previous yr. Eric Trump and his brother Donald Trump Jr. co-founded American Bitcoin, a mining firm wherein the Trump siblings maintain roughly 20% possession, with the rest managed by Hut 8. The agency just lately secured $220 million in funding and is making ready for a September Nasdaq itemizing through its merger with Gryphon.
Bitcoin to $200,000 this yr?
Traditionally, the fourth quarter has delivered a few of bitcoin’s greatest rallies — averaging beneficial properties of about 85% between 2013 and 2024. Current years match the sample: bitcoin surged 48% in This fall 2024 and 57% in This fall 2023, in line with market knowledge.
In previous bull cycles, the strikes had been much more dramatic, with This fall 2017 delivering a 215% leap and This fall 2020 hovering 168%, every setting the stage for large follow-through rallies.
Earlier this month, Fundstrat’s Tom Lee reiterated his $200,000 goal for 2025, and prediction markets nonetheless assign a small likelihood of hitting that milestone by year-end.
Including gasoline, financial coverage seems to be turning supportive: with the Federal Reserve chopping rates of interest, danger property — together with crypto — might be poised for an additional late-year rally.
