Bitcoin consolidates nearly $ 110,000 with support at $ 107,000 and resistance to $ 123,000. Eric Trump predicted that BTC could hit $ 1 million by 2025, but Polymarket gave only a 5% chance of $ 125k. Technically, oversold conditions show a rebound potential, although probability models remain careful.
Bitcoin hurled near $ 110,000 until the end of September and consolidated as traders argue about what comes next. Some look at the $ 123,000 level if the line in the sand axle BTC clears it, the momentum can be positive at the end of the year. But predictions are divided. On the one hand, political voices are asking for wild parabolic movements, while on the other hand probably flashing on probability -based models.
Political predictions print large numbers
Eric Trump stirred the pot earlier this month and predicted that Bitcoin could amount to $ 1 million by the end of 2025. His optimism leaned on two main arguments: The Strategic Bitcoin Reserve -performed under the Trump administration in March 2025 -and BTC’s history of strong Q4 rally. The idea of the US that holds Bitcoin at national level has certainly attracted attention, but markets did not buy the hype completely.
Forecasting markets such as Polymarket have only a 5% chance of BTC climbing above $ 125,000 by September. This is a great gap between political talk and statistical modeling. Analysts have reminded traders that such predictions often move on short -term sentiment, but rarely drive sustainable price action. Technical setups and liquidity flow tend to have more weight than political cheerleading.
Bitcoin technical analysis: oversold but support holds
Chart Watchers see that BTC critical support retains nearly $ 107,300, a level that has acted as a floor for several weeks. The analyst Kamran Asghar pointed out a possible ‘three-wave pump’ scenario, which he believes could push the price to $ 123,731 if support and buyers would enter. His argument recently reflected where Bitcoin started higher of similar structures.
Momentum indicators also indicate the recovery potential. The RSI dropped below 30 at the end of September and placed BTC in the oversold area. Historically, the reading often preceded short-term backlashes. Forecasting markets still do not remain convinced that non-policing market knows less than a 1% probability for a short-term pressure of over $ 124,000. The disconnection shows how models built on statistics differ from traders leaning on history and cycles.
Broader market managers for Bitcoin price
While Trump’s $ 1 million forecast has taken on headlines, analysts say that long -term directions will be decided by technical markers and structural shifts. Bitcoin’s current range is defined between $ 107,000 support and $ 123,000 resistance. Breaking above the ceiling will be a great technical shift and probably invite more inflows. Losing support, on the other hand, can drag BTC into deeper corrections.
Volatility here remains the most important trait, making it difficult to reconcile speculative predictions with cold probability. At press time, BTC was still swinging near $ 110,000, with traders watching closely or consolidating the coin to attack resistance.
Prospects for Q4 2025
The last quarter of the year is being critical. A disadvantage of more than $ 123,000 will ratify the bullish momentum and possibly open the road to higher levels. Over -sale signals give the bulls some hope, but prediction models still indicate that the odds are slim. As far as Trump’s target of million dollars is concerned-it sits far outside that the probability-based predictions are willing to support.
For the time being, the short -term match comes on two numbers: keep support of about $ 107,000 and push $ 123,000. Until one of the levels breaks, bitcoin remains closed in consolidation and awaits the next decisive move.
The Post Bitcoin Price Forecast 2025: Can BTC break past $ 123k? first appear on blocknews.
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