Bitcoin price rose by $121,000, and there is an all-time high next?

Bitcoin surged $121,000 today to its all-time high in the fourth quarter of 2025, as new momentum kicked off.

The rally ended a strong end in September, when Bitcoin earned about 5% of revenue to around $114,000, a performance that somewhat violated Bitcoin’s reputation on seasonal weaknesses.

Historically, Bitcoin often continues to post quarter-quarter earnings when September ends in green. Data from Bitcoin Magazine Pro shows that in the 2015, 2016, 2023 and 2024, the fourth quarter rally accounted for more than 50%.

This seasonal trend has won the October nickname “Uptober” among traders. The average growth rate this month has been 21.8% since 2015, up 10.8% in November.

If history rhymes, Bitcoin may clear $150,000 by the end of the year.

Bitcoin has risen all the time?

Bitcoin climbed nearly 3% in 24 hours, from about $117,500 to just above $121,000, according to Bitcoin Magazine Pro Data. Bitcoin has earned more than 9% over the past month, rising from about $110,700.

Bitcoin offers a 27% return from a year-end basis, emphasizing its resilience despite the continuous volatility in the wider market.

Now, the price is less than 3% from its ever-present height of $124,000, and the stage seems to be a breakthrough if the buying pressure continues.

Bitcoin bullish momentum

The latest surge comes as traditional economic indicators withdrawn from the U.S. government shutdown after Congress failed to pass a funding bill. Investors flocked as Wall Street was under pressure and the issuance of economic data.

This year’s earnings are also based on the April halving event that cuts new supply of Bitcoin in half, a milestone that has historically been under pressure to upward prices. Meanwhile, the key liquidity signal is flashing green.

The growth in global M2 money supply, Stablecoin issuances and gold rallies (which Bitcoin is often tracked in a lagging manner), all point to strengthening demand.

Citigroup analysts set Bitcoin’s 12-month forecast this week at $181,000, citing a strong inflow that could reach $7.5 billion in December.

“We are more positive about Bitcoin than Ether because it captures a part of the cryptocurrency market,” Citi analysts wrote.

As Bitcoin has recorded record highs in 2025, the fourth quarter is now decisive.