Analysts See Bitcoin Surging Toward $150K as ETF Inflows and Weak Dollar Fuel Rally

Bitcoin Eyes $150K After Record High

Bitcoin (BTC) is once again in the spotlight after reaching a new all-time high of $125,700 on Sunday, igniting renewed optimism among traders and analysts. The flagship cryptocurrency has climbed over 11% in the past week, bolstered by strong inflows into Bitcoin ETFs and growing macroeconomic uncertainty in the United States.

According to several prominent analysts, the next major leg of the bull run could push BTC toward $150,000 or higher in the coming weeks.

Analysts Predict the Next “Blast Through” Phase

Crypto analyst CrediBULL Crypto described the recent move as the start of a “new impulsive leg” for Bitcoin, noting that “now that we’ve made new all-time highs, the next leg to $150K+ has begun.”

He added that while minor corrections are possible, particularly in the $108,000–$118,000 range, any such dips would likely represent “a blessing” for late entrants.

Veteran trader Crypto Chase echoed the sentiment, saying that if Bitcoin maintains its current momentum, any pullbacks will likely remain “minor at best.”

Meanwhile, whale trader James Wynn of Hyperliquid said he believes Bitcoin is entering “price discovery mode,” adding, “We could see another ATH within hours — the long suppression phase appears to be ending.”

Bitcoin’s weekly close at $123,543 marked its highest in history, according to data from TradingView.

Macro Tailwinds: U.S. Government Shutdown and a Weakening Dollar

Analysts also point to macroeconomic factors fueling Bitcoin’s breakout, including the ongoing U.S. government shutdown that began on October 1.

According to Jeff Mei, COO at BTSE, “Investors are treating Bitcoin as a safe haven amid monetary uncertainty. The depreciation of the U.S. dollar and declining yields make BTC an attractive alternative to traditional assets like Treasurys.”

The U.S. Dollar Index (DXY) has dropped over 12% year-to-date, marking its worst performance since 1973, further underscoring Bitcoin’s appeal as a hedge against fiat weakness.

BTC cools from its Sunday ATH after record weekly candle. Source: Tradingview

Related: Bitcoin Nears Record High as Bakkt Stock Soars

Spot ETF Inflows Drive Market Momentum

Unlike previous rallies driven by derivatives and retail speculation, this surge appears fueled by massive spot ETF inflows.

Venture investor Will Clemente noted that institutional money is rotating into Bitcoin ETFs “as a shift away from commodities and small caps.”

According to Nate Geraci, President of The ETF Store and NovaDius, U.S.-listed spot Bitcoin ETFs attracted $3.2 billion in inflows last week, marking their second-strongest week since launch.

This influx of institutional liquidity underscores Bitcoin’s growing acceptance among traditional investors and could provide the structural support needed for the next leg higher.

Seasonal Tailwinds: October and Q4 Historically Bullish

Historically, the final quarter of the year has been Bitcoin’s strongest period. Data shows that BTC has posted gains in 8 of the past 12 Q4s and in 10 of the past 12 Octobers, suggesting that bullish seasonality may amplify current momentum.

Crypto analyst Michaël van de Poppe described the recent move from $110K to $125K as “incredibly strong,” while Charles Edwards, founder of Capriole Investments, predicted that a sustained breakout above $120K could trigger a “very quick move” to $150K.

What’s Next for Bitcoin?

With ETF inflows rising, the dollar weakening, and historical seasonality turning favorable, analysts say Bitcoin could continue its upward trajectory through Q4.

While volatility is expected — particularly if macro conditions shift or ETF inflows slow — the prevailing sentiment among top traders remains clear: Bitcoin’s next target is $150,000, and the rally may already be underway.

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