Bitcoin Hits New All-Time High Of $125,000 As Uptober Begins: What’s Ahead?

Bitcoin reached a new all-time high of $125,000 on October 5, 2025, which also saw notable upward movements in major cryptocurrencies. In the last seven days, Bitcoin has continued its upward momentum.

October often referred to as Uptober by crypto enthusiasts is known for historically strong performance and notable upward trends in major cryptocurrencies over the past few years.

Ashish Singhal, co-founder of CoinSwitch, said, “October is living up to its nickname, with strong momentum and growing institutional interest in Bitcoin. What’s more encouraging is that large-cap altcoins are also moving up, indicating a broader rally and improving market sentiment. Overall, the market is maturing, confidence is returning, and long-term investors are re-entering after a pause.”

Bitcoin’s new all-time high stands at $125,559.21, according to CoinMarketCap data. It is currently trading at around $123,622.42, slightly below its peak, and has gained 10.60 per cent over the past seven days. The cryptocurrency’s market capitalisation is approximately $2.46 trillion, which reflects strong investor interest and ongoing market activity.

Edul Patel, CEO of Mudrex said that Bitcoin’s rally is supported by weak dollar strength, downward revisions of US jobs numbers, the US government shutdown, strong institutional demand via spot Bitcoin exchange-traded funds (ETFs), and declining Bitcoin balances on centralised exchanges.

With broader market trends, macroeconomic factors have also played a key role in driving Bitcoin’s momentum.

Experts Insights on Bitcoin’s Recent Rally

Sumit Gupta, co-founder of CoinDCX, said that with Bitcoin crossing $125,689 and outperforming every other asset class with a surge of over 30 per cent in 2025, it's actually Uptober.

He added, “This rally has been supported by the uptick in US equities and renewed inflows into Bitcoin-linked ETFs. Investors are viewing Bitcoin as part of the debasement trade, with concerns over the US government shutdown driving safe-haven demand. Rising institutional adoption, coupled with global economic uncertainty, continues to strengthen Bitcoin’s position.”

What’s Next for Bitcoin

While looking at the technical outlook, Sathvik Vishwanath, co-founder & CEO of Unocoin shared his perspective on Bitcoin’s near-term movements.

Sathvik said: “Bitcoin faces key resistance at $125,000, with support at $110,000, and deeper fallback levels near $100,000. If it breaks above resistance with strong volume, targets between $128,000 and $135,000 may be reached. Overall, Bitcoin remains bullish but volatile, and cautious optimism appears warranted for now.”

Ashish added: “The sentiment remains optimistic. While volatility will continue to be part of the crypto landscape, the bigger picture is positive, with the industry gaining structure, institutional participation deepening, and Bitcoin reinforcing its role as digital gold, alongside other projects proving real-world value.”