Bitcoin (BTC) is showing signs of a potential explosive rally, as analysts and market watchers anticipate a parabolic move and a critical breakout above $123K in the coming months.
Factors such as historical fourth-quarter performance, oversold technical indicators, and high-profile endorsements are fueling speculation about its short-term and mid-term trajectory.
Bitcoin Price Today Reflects Market Caution
Bitcoin (BTC) is showing signs of a potential explosive rally, trading around $109,433 with a minor 24-hour dip of 0.11%, according to Brave New Coin. Market participants are closely watching BTC’s movements as technical indicators, historical fourth-quarter trends, and high-profile endorsements are fueling speculation about its short-term and mid-term trajectory.
Bitcoin (BTC) was trading at around $109,433, down 0.11% in the last 24 hours at press time. Source: Bitcoin Price via Brave New Coin
Over the last 24 hours, Bitcoin’s trading volume reached approximately $30.47 billion, reflecting active market participation despite recent volatility. Analysts suggest that while the price has slightly dipped, key support levels and oversold conditions could provide the foundation for a rebound, keeping investors alert to potential bullish developments.
Eric Trump Predicts a Parabolic Surge
Eric Trump recently forecasted Bitcoin to go parabolic in the next three months, with a possible peak of $1 million by 2025. He refers to quantitative easing and past robust performance during the fourth quarter as reasons for this rosy forecast.
Eric Trump predicts Bitcoin is set to go parabolic within the next three months—get ready for a potential surge! Source: @Vivek4real via X
Trump also mentioned the Strategic Bitcoin Reserve, launched in March of 2025 under the Trump administration, for the purpose of establishing America as a cryptocurrency leader. While this would influence market forces, sentiment remains cautious overall. Platforms like Polymarket now offer only a 5% chance of Bitcoin reaching $125,000 by September of 2025, an indication of the gap between political optimism and market trends.
Technical Outlook Supports Potential Rebound
Technical analyst Kamran Asghar points out that BTC has maintained critical support at $107,300, signaling potential strength for a short-term rally. Asghar forecasts a three-pump sequence, targeting a breakout above $123,731, describing the pattern as a “classic rally sequence.”
BTC holds critical support and gears up for a classic three-pump rally, aiming to break $123,000—momentum is building! Source: @Karman_1s via X
Additionally, the Relative Strength Index (RSI) dipping below 30 in late September suggests that Bitcoin is currently oversold, potentially supporting a rebound. Despite these bullish indicators, probability-based forecasts remain conservative, with Polymarket placing only a 0.8% chance of BTC exceeding $124,000 in the short-term.
Key Factors Influencing Bitcoin Predictions
Political endorsements from influential figures like Eric Trump can sway market sentiment, but they do not always align with technical realities or probability-based forecasts. Technical patterns, such as classic rally sequences and oversold conditions, indicate potential short-term rebounds in BTC price.
Meanwhile, recent fluctuations around $110,000 highlight the volatile nature of cryptocurrency markets, emphasizing the speculative element of forecasts and the importance of cautious investment strategies.
Bitcoin Price Forecast and Expectations
While longer-term goals like Eric Trump’s $1 million goal are extremely speculative, short-term forecasts are entirely about looking to major resistance levels and underlying trends. Buyers must be on the lookout for potential breakouts at $123K, which will give even more momentum.
BTC holds key support as a three-pump rally targets a significant breakout in a classic bullish sequence. Source: @DonaldsTrades via X
For crypto investors and fans, knowing the Bitcoin price today, technicals, and sentiment are all the key to successfully riding BTC’s mercurial scene. Even if bullish signs are coming, watchful and informed course is still the name of the game.
