Bitcoin passed $ 114,000 Monday, extending an event that challenged his usual weakness of September. The move comes after Bitcoin briefly tested the support close to $ 107,000 at the beginning of this month, only to bounce over the month.
The gain marks the strongest September of Bitcoin since 2012, with prices increasing 8% of the month. The technical traders note that BTC broke out of a descending wedge formation in the short-term charts-a rise configuration which, if confirmed, could open the door to a push to $ 120,000.
What makes the progress particularly remarkable is the background of historically low volatility. Bitcoin is historically submitted in September, but then increases in October, November and December.
Despite the last breakout, the performance of the third quarter of Bitcoin has remained behind compared to its peers. BTC recorded earnings by about 7% in the second quarter 2025, a clear contrast with the rally of 68% of Ethereum in the same period.
Eric Trump provides that the Q4 will be “incredible”
The Bitcoin event drew new comments from Eric Trump, executive vice -president of the Trump organization and a longtime lawyer.
In recent interviews, Trump reiterated his bold price of $ 1 million price, pushing investors to buy now.
“Volatility is your friend. Buy immediately. Close your eyes. Keep it for the next five years,” said Trump.
Trump argued that global monetary ease and an offer of swelling money will eventually push Bitcoin much higher. He also indicated the seasonality, observing that the Q4 was historically the strongest quarter of Bitcoin, with an average of earnings of about 85% in previous cycles.
The observations echoed to his August appearance during a Bitcoin conference in Hong Kong, where he said to the participants: “We didn’t even scratch the surface”.
The comments come when the Trumps have expanded their Bitcoin and Crypto initiatives in the last year. Eric Trump and his brother Donald Trump Jr. co-founded the American Bitcoin, a mining company in which the Trump brothers hold about 20% owned, with the rest controlled by Hut 8. The company recently obtained $ 220 million in funding and is preparing for a September Nasdaq which lists through its merger with Gryphon.
Bitcoin at $ 200,000 this year?
Historically, the fourth quarter has provided some of the largest Bitcoin gatherings – on average earnings of about 85% between 2013 and 2024
In the past the Toro cycles, the moves were even more dramatic, with the third quarter of 2017 which provided a jump of 215% and the fourth quarter 2020 reappears 168%, each of which took the scene for enormous follow-through events.
At the beginning of this month, Tom Lee of Fundstrat reiterated its $ 200,000 goal for 2025 and the forecast markets still assign a small probability of hitting that milestone by the end of the year.
The addition of fuel, monetary policy seems to be supported: with the Federal Reserve that cuts interest rates, the risk of risk-complies the cryptocurrency-potre are ready for another year-end rally.