Bitcoin (BTC) starts its first full week of “Uptober” fresh from a new all-time high. What lies in store for BTC price action next?
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Bitcoin snags a new record over the weekend, but traders expect some consolidation before heading toward $150,000.
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BTC price support retest targets focus on $118,000 and above.
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Classic bull-market gains may take longer to become reality, says an AI-based BTC price prediction tool.
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Macroeconomic cues are expected to come from Federal Reserve officials this week amid the ongoing US government shutdown.
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Crypto market sentiment just avoids “extreme greed” with Bitcoin’s move to all-time highs.
$150,000 becomes new BTC price goal
After an unusual weekend all-time high, Bitcoin is consolidating near the top of its historical trading range to start the week.
Data from Cointelegraph Markets Pro and TradingView shows that BTC/USD is trading around $124,000.
The start of futures trading produced a “gap” that barely appeared before being filled — something trader Daan Crypto Trades described as a “classic weekend squeeze and retrace.”
“Bitcoin did end up making a relatively small gap on the CME futures chart but nothing noteworthy,” he wrote in an X post.
“There’s still the larger gap at $110K from last weekend but I wouldn’t value that until price gets within a few % from it. Especially if this trend keeps going into price discovery, you often see big gaps left behind on both the CME chart & Liquidity levels.”
For fellow trader Crypto Tony, BTC price upside targets hinge on its treatment of $123,000.
Weekly closed above $123,000. Now the bulls must hold this level for that sustained bullishness. pic.twitter.com/Kn0vJ2dxfL
— Crypto Tony (@CryptoTony__) October 6, 2025
“$BTC has now reached a crucial resistance level,” crypto analyst and entrepreneur Ted Pillows continued.
“Yesterday, Bitcoin pushed above this level, but the move was entirely perps driven. If institutions bid again like last week, a reclaim is possible.”
Zooming out, appetites for higher levels are strong, with Cointelegraph reporting on expectations of $150,000 or more next.
Good morning!#Bitcoin‘s new leg higher is underway, starting with a new ATH, and a new highest weekly close.
Next target: $150,000. pic.twitter.com/p5EJqusjDR
— Jelle (@CryptoJelleNL) October 6, 2025
Crypto trader, analyst and entrepreneur Michaël van de Poppe argued that the $150,000 mark should come after a consolidation phase.
“I don’t think #Bitcoin will blast through the ATH in one-go. It needs a little bit of patience, before it should continue moving,” he told X followers on Monday.
“In that aspect, I expect to see a correction and anything beneath $121.5K is a good area to enter before we’ll head to $150K.”
Bitcoin traders eye as much as 4% dip
As Cointelegraph reported, market participants still expect some form of BTC price retracement to occur from record levels.
No bull run goes up in a straight line, and key targets for a support retest are now materializing.
Among them is the 50-period exponential moving average (EMA) on four-hour time frames at the time of writing, which was at $119,250 and rising quickly.
“For the week ahead, I think we could see a 4h50EMA retest – it’s overextended and you can see the retests in previous similar Price Action,” trader CrypNuevo wrote in an X thread on Sunday.
“After that, we should see a new move up higher. Therefore, I’m still favoring longs over shorts from the 4h50EMA.”
An accompanying chart highlighted the results of interaction with the EMA since the start of May.
Trader and analyst Rekt Capital, meanwhile, argued that it was unreasonable to expect the price to launch into unknown territory without first establishing support at the top of its range.
“There’s should be no surprise that Bitcoin has rejected from ~$124k on the first time of asking in this uptrend. After all, the last time Bitcoin rejected from $124k, the rejection preceded a -13% pullback,” he told X followers over the weekend.
“Bitcoin needs to prove this $124k resistance is a weakening point of rejection. And any shallower dip or pullback from here would do just that.”
Rekt Capital suggested that a 4% dip to meet a rising trend line at around $118,000 would mean that Bitcoin would “still be positioned for additional upside later on.”
“I would not want to see price lose that $117K-$118K again. This was roughly the mid range and a very high volume area,” Daan Crypto Trades, said in his X update on Monday.
“Overall structure looks good, just needs to maintain higher highs and higher lows from here on out….
cointelegraph.com