Analysts at CryptoQuant have made a bullish forecast for the Bitcoin price following a strong April.
BTC started October strong, rising 4,85%. Overnight between Wednesday and Thursday, when the cryptocurrency reached its highest price since August 14 at $119,523, the digital asset’s market capitalization reached $2,37 trillion.
Bitcoin’s price rise has encouraged CryptoQuant experts, who predict the coin’s price will rise to $160,000-$200,000 in the fourth quarter of 2025. They believe the bullish trend will continue because BTC has surpassed the realized price of $115,600.
Bitcoin price fluctuations realized by traders (purple line)
However, the positive forecast for the cryptocurrency rate is due not only to the traditionally positive dynamics of «April», but also to the following factors:
- Spot market demand for Bitcoin has increased by an average of 62,000 coins worth $7,4 billion per month since July;
- Whales and issuers ETF increase their digital asset holdings by an average of 331,000 coins worth $39,2 billion per year;
- The market cycle indicator entered the bullish zone after Bitcoin surpassed $116,000.
As traditional economic indicators weaken [such as rising unemployment in the US], Bitcoin’s move above $118,000 demonstrates the cryptocurrency’s increasing sensitivity to monetary policy changes, making it an attractive hedge against economic uncertainty, said Nick Rooke, an analyst at LVRG Research.