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- Anjali Belgaumkar
Anjali Belgaumkar
Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.
- Reviewed by:
Qadir AKQadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
- Oct 06, 2025 06:01 UTC
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Exclusive: Bitcoin Price Hits New ATH Above $125K, Bitwise Strategist Reveals What’s Next
Bitcoin hits new ATH at $125,559 fueled by $28B ETF inflows, but faces key resistance near $124K as traders watch for signs of another breakout.
Bitwise strategist says “you’re not bullish enough on crypto,” citing ETFs, stablecoins, and SEC’s innovation exemption as long-term BTC drivers.
Bitcoin has reached a fresh all-time high of $125,559 on October 5, 2025, with its price currently trading at $125,257.26. The move was driven by strong inflows into spot Bitcoin ETFs, which have attracted more than $28 billion year-to-date. Added to this bullish sentiment is the ongoing uncertainty from the U.S. government shutdown, which has further strengthened Bitcoin’s role as a hedge against economic instability.
Experts warn that Bitcoin might face rejection around the $124,000 level, a price zone that has acted as resistance before. The last time Bitcoin was rejected here, the move triggered a 13% pullback.
Bitcoin needs to show whether this resistance is starting to weaken. A smaller dip this time could signal that the market is building strength for another push higher. Even if Bitcoin pulls back by about 4%, it would likely be a routine retest of the weekly downtrend it just broke.
Bitwise Strategist: “You’re Not Bullish Enough on Crypto”
Speaking exclusively with Coinpedia, Juan Leon, Senior Investment Strategist at Bitwise, said that upcoming possible short-term price swings should not overshadow the long-term growth story.
“What I meant when I said, ‘Forget the short-term price action, you’re not bullish enough on crypto,’ is that there are many important developments happening in crypto that are independent of the sluggish short-term price action, and that are bullish fo the industry longer-term.,” Leon explained.
Among These Developments Are:
- The SEC considering an ‘innovation exemption’ to accelerate crypto product launches by year-end.
- Nine European banks, led by ING, collaborating on a MiCA-compliant euro-backed stablecoin.
- Cloudflare announcing a USD stablecoin designed for the next-generation “agentic web.”
- Tether reportedly seeking to raise $20 billion at a $500 billion valuation.
- Kraken securing $500 million in funding at a $15 billion valuation.
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