The Bitcoin price dropped 1% in the last 24 hours to trade at $121,453 as of 4 a.m EST on a 27% decrease in trading volume to $59.41 billion.
This comes after trader Peter Brandt told his 810k followers on X that Bitcoin could experience a dramatic surge soon, possibly exploding as high as $185,000 per coin.
But he also cautioned that the top of the cycle might be near, and a reversal could follow if Bitcoin fails to break its usual cycle pattern this week.
Veteran trader Peter Brandt just dropped a bomb:
If $BTC doesn’t top out soon, we’re heading into move well beyond $150K, maybe even $185K.
Cycles don’t lie… and this one’s three-for-three.
Don’t fade history.#BTC#CryptoTrading#Crypto#Bullishpic.twitter.com/8CO4NJSwrS
— SushiBrain🍣🔺 (October 9, 2025)
Brandt outlined his theory by looking at Bitcoin’s four‑year cycle structure. In past cycles, the time between the bottom and the halving has typically matched the time from halving to the price peak. For this cycle, the low happened in November 2022, 533 days before the April 2024 halving.
Adding another 533 days pointed to early October 2025, right when Bitcoin hit a new all‑time high of over $126,000. “If Bitcoin blows through the cycle top, the moves that follow can be explosive,” Brandt said, suggesting that $185,000 is possible, maybe even higher.
Other analysts are watching closely. Rekt Capital predicts that if cycles follow past trends, the market peak could arrive this month.
Economist Timothy Peterson gave Bitcoin a 50% chance of closing October above $140,000, while more bullish voices like Arthur Hayes and Joe Burnett project targets closer to $250,000 before the end of 2025.
Bitcoin's entering the thrill zone of the four‑year cycle.
History says we could go past $200,000 in 2025.
—I use a power curve fitting of Bitcoin's historical USD price to capture the long‑term trend. Then, I measure price deviation from that trend using the metric "years… pic.twitter.com/fkZZRPI4Eh
— apsk32 (September 13, 2025)
As Brandt reminds traders, cycles eventually change, so it pays to stay alert in case the market defies expectations.
Bitcoin Price Rally Fueled By Big Money And On-Chain Trends
On‑chain metrics confirm this bullish setup. Blockchain data points to a sharp decrease in exchange balances. Buyers are moving coins off exchanges into private wallets, signalling fewer immediate sellers and more long‑term holders.
The number of active addresses and transaction counts has also climbed, showing real user engagement and network demand. Analysts say that the supply squeeze is intensifying, with long‑term holders soaking up excess coins as short‑term traders step aside.
After peaking in August, Bitcoin’s price entered a period of healthy correction and consolidation during September. This phase helped clear short‑term speculation and transfer coins into the hands of committed investors, building a tighter base for the next big move.
The October rally triggered massive liquidations of bearish positions, with a reported $330 million in shorts forced to buy back higher. This “short squeeze” fueled the explosive breakout, helping cement Bitcoin’s new higher trading range.
ETF flows remain a key story for coin price. As assets under management balloon, experts believe institutional adoption will keep upward pressure on Bitcoin’s price. Treasury adoption by corporations and even sovereign entities is expected to add another layer of support in the months ahead.
Bitcoin Price Prediction: Bulls In Control But Some Risks Remain
Looking at the technical analysis, Bitcoin remains in a solid uptrend. The weekly chart shows the price trading firmly above both the 50‑week SMA ($101,120) and the 200‑week SMA ($53,830), which are considered major support levels by traders.
The current price sits around $121,457, holding above a crucial zone where buyers have consistently stepped in.
Two key support zones are marked on the chart: Just above $118,000, and near the $101,000 level (the 50‑week SMA). These levels have reliably bounced Bitcoin from dips over the past weeks, indicating strong market confidence. As long as BTC stays above these spots, the bull trend remains intact.
The Relative Strength Index (RSI) stands at 61.88, suggesting healthy but not overheated buying activity. This leaves more room for additional gains before a major correction risk sets in.
The MACD indicator is also bullish, with the blue MACD line above the orange signal line, reflecting strong momentum for buyers. Trading volumes have spiked, confirming investor interest at these critical price points.
Right now, resistance sits near $126,000 (the previous high) and then at $135,000, where technical analysis suggests sellers may emerge. If Bitcoin breaks above $126,000 and holds steady, the next move could easily target $140,000, then the ambitious $185,000 level if Brandt’s “cycle break” theory plays out.
Above $140,000, price discovery could accelerate, powered by ETF inflows and supply‑squeeze dynamics.
However, if Bitcoin stalls or pulls back this week, traders expect the price might retest the lower support zones at $120,000 or even $101,000 before trying to rally again. The risk of a short‑term reversal remains if the market treats recent highs as the four‑year cycle top.
Bitcoin’s near‑term future will be decided in the next few weeks, either setting a new long‑term high or pausing for a healthy correction.
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