Bitcoin is starting the month with a bang, surging past the $117,000 mark after reclaiming a critical level at $112K. The breakout is being hailed by traders and analysts as a major bullish confirmation, with the price action now eyeing a fresh all-time high in the coming weeks.
After a strong close in September, Bitcoin showed textbook bullish behavior—breaking a key resistance, pulling back briefly to retest it as support, and then launching higher. This pattern has historically signaled the start of large upward moves.
Why the $112K Level Was So Important
The $112K resistance level had been a major barrier throughout September, capping Bitcoin’s price and creating uncertainty in the market. Breaking above it wasn’t just psychological—it was a strong technical breakout that attracted more buying volume and market confidence.
The successful retest of that zone added further validation, confirming it as new support. This gave traders the green light to re‑enter long positions, fueling Bitcoin’s rapid move toward $117K and beyond.
This is a great start of the month with #Bitcoin up to $117K.
— Michaël van de Poppe (@CryptoMichNL) October 1, 2025
The breakout above $112K was crucial.
It has done that in September, had a slight pushback to retest that level and now it's shooting towards a new all-time high. pic.twitter.com/HipYYi6hx0
Is a New All-Time High Next?
With momentum on its side, Bitcoin is now in price discovery mode, where no historical levels exist to cap the upside. If market sentiment stays bullish and macro conditions remain favorable, a new all-time high could be within reach this quarter.
Additional catalysts such as growing ETF interest, declining exchange reserves, and institutional inflows may continue to support this rally. October has often been a strong month for Bitcoin—and early price action suggests this time may be no different.