Bitcoin has crossed the symbolic $120,000 mark, igniting the market. With "Uptober" in full swing, analysts sharpen their forecasts: mere excitement or a surge towards new historical highs ? From promising institutional signals to cautious outlooks, here are the scenarios to watch in the coming days.
The month of October, nicknamed “Uptober” in the crypto community, looks particularly promising for Bitcoin. Indeed, data from the decentralized prediction platform Polymarket reveals that :
This euphoria is fueled by both the macroeconomic context and internal dynamics within the crypto sector.
Another strong signal for the market : analysts at JPMorgan believe that Bitcoin is currently undervalued compared to gold. According to their volatility-adjusted calculations, Bitcoin’s market cap should grow by approximately 42% to equal the total amount of private investments in physical gold.
“The steep rise in the gold price over the past few weeks makes bitcoin more attractive than gold for investors, especially as the volatility ratio between bitcoin and gold continues to drop toward more sustainable levels.”
In other words, as Bitcoin’s volatility decreases compared to the past, its status as a credible asset during economic turbulence is increasingly appealing to institutional investors.
Driven by solid momentum and exceptionally optimistic market sentiment, the next major technical resistance level to watch is set at $124,128 — the previous all-time high recorded earlier this year. If this level is breached, long-term scenarios could align with JPMorgan’s estimates. Some analysts even mention a strategic target of $165,000 in the coming months.
By recrossing the $120,000 threshold, Bitcoin is sparking renewed optimism about the possibility of a new all-time high. Nevertheless, as with any crypto asset, these predictions remain subject to high volatility and potential unforeseen geopolitical or regulatory shocks.
For experienced English-speaking investors, it is essential to :
The key takeaway : in 2025, Bitcoin is no longer just a speculative asset — it’s progressively establishing itself as an essential component of digital asset portfolios.
Passionate about the crypto world, he explores the blockchain ecosystem to extract the most essential insights. With his expertise in SEO and web writing, he transforms news and technical analysis into clear, engaging, and impactful content. His goal? To help investors better understand the opportunities and challenges of the crypto market.
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