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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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