Bitcoin Price rally continues to dominate global headlines, but analysts now believe the market could be due for a short pause before its next major move. Trading near $123,500, BTC has recently cooled off after touching a new all-time high of $126,198, yet investors remain highly optimistic about its long-term trajectory.
While sentiment remains bullish, both macroeconomic trends and technical indicators suggest that the current rally might take a brief breather before advancing toward the much-discussed $150,000 Bitcoin price target.
Veteran investor Dan Tapiero believes that global capital flows are increasingly favoring Bitcoin over traditional financial markets. Citing Japan’s economy as an example, Tapiero noted that decades of ultra-low interest rates have eroded savings and pushed investors toward inflation-hedging assets like Bitcoin and gold.
“Japan’s 30 years of low interest rates have destroyed purchasing power,” Tapiero explained. “Investors are realizing that Bitcoin and gold are superior stores of value compared to fiat currencies.”
Japan’s stagnant bond yields under 1% for decades have limited real returns, forcing savers to seek alternatives. Tapiero predicts that as more economies face similar monetary pressures, Bitcoin adoption will accelerate globally, potentially triggering another major wave of institutional demand.
“We’re witnessing a once-in-a-century shift in capital flows,” Tapiero added. “As traditional systems falter, Bitcoin is emerging as the world’s new reserve asset.”
Crypto analyst Michaël van de Poppe echoed Tapiero’s long-term optimism but warned that Bitcoin’s short-term momentum looks overheated after its parabolic rise.
“Bitcoin is unlikely to break its all-time high in one go,” Van de Poppe said. “We could see a healthy correction before the next push higher.”
He identifies an ideal Bitcoin accumulation zone between $119,500 and $120,000, with deeper supports around $116,800, $114,755, and $111,918. According to Van de Poppe, dips below $121,500 could present “great entry points” for long-term investors ahead of a potential rally toward $150,000.
Van de Poppe’s technical chart highlights that Bitcoin has broken out from a multi-week consolidation phase, an indicator of strong momentum, but warns that the Relative Strength Index (RSI) is hovering in the overbought territory.
“A pullback would be natural and healthy,” he added, “setting the stage for the next breakout.”
According to data from on-chain analytics platform CryptoQuant, Bitcoin purchase volumes have now surpassed $25 billion, a level that historically signals either major market reversals or short-term cool-offs.
“Such spikes in purchase volume often precede brief consolidations,” the CryptoQuant team noted. “It’s a reflection of heightened trading activity that typically stabilizes before the next bullish phase.”
This pattern suggests that the current rally could briefly pause before resuming its upward momentum toward new record highs.
MicroStrategy CEO Michael Saylor, one of Bitcoin’s most influential advocates, remains confident that BTC will continue its climb.
“I believe Bitcoin could reach $150,000 by the end of 2025,” Saylor said in a recent interview. “Institutional accumulation and declining trust in fiat systems are driving a structural demand shift toward Bitcoin.”
Saylor’s company has continued adding BTC to its treasury, reinforcing his stance that Bitcoin is the “world’s best long-term asset.”
Bitcoin currently trades around $123,600, slightly below its all-time high of $126,198, but market sentiment remains overwhelmingly bullish. The ongoing “Uptober rally” has seen a 21% jump in trading volume, signaling renewed investor confidence despite short-term corrections.
Analysts view this consolidation phase as a setup for another major breakout. Institutional participation continues to expand. Spot Bitcoin ETF inflows surpassed $1.19 billion on the same day BTC hit its record high, signaling deepening market participation.
“Institutional appetite for Bitcoin is stronger than ever,” one market strategist commented. “Each dip is being bought aggressively, showing confidence in Bitcoin’s long-term trajectory.”
With strong fundamentals, rising institutional interest, and growing macroeconomic tailwinds, many analysts agree that Bitcoin’s next major target at $150,000 could be within reach, possibly sooner than expected.
Analysts like Michael Saylor predict Bitcoin could reach $150,000 by late 2025, driven by strong institutional demand and its role as a hedge against traditional finance.
Veteran investors note that decades of low interest rates have eroded fiat currency value, making Bitcoin a superior store of value for preserving purchasing power.
Yes, institutional demand remains strong, with spot Bitcoin ETFs seeing massive inflows and each market dip being aggressively bought by long-term investors.
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