As October rolls around, the sector could be headed into some of the most explosive weeks in Bitcoin’s history. And that’s not hearsay. That’s per the historical data.
In all of Bitcoin’s recorded history, October has delivered the second-highest average monthly returns (29.23%), topped only by November’s 37.64%. Even December has averaged over 10%.
So, if history repeats itself, Q4 could be shaping up to be a great time for crypto.
And the signs are already there. Although Bitcoin fell sharply in the third week of September, it quickly recouped all its losses, gaining over 5% in the last seven days.
Even better, on the daily chart, the token has now reclaimed all the key short-term moving averages – the 10, 20, 50, and 100 EMAs – suggesting that a potential rebound is indeed on the cards.
Read on as we give you both a short-term and long-term Bitcoin price prediction, and explain why the flagship coin could end off 2025 with a bang.
We’ll also dive into why Bitcoin Hyper ($HYPER) – a new BTC-themed altcoin currently in presale – could be the best way to ride this Q4 rally.
Bitcoin Price Prediction: $124.5K Short-Term, $650K Long-Term If History Repeats
On the weekly chart, Bitcoin has formed a picture-perfect Fibonacci bounce. As you can see, the token flirted with the 0.5-0.61 Fibonacci retracement zone for four to five weeks straight.
Finally, last week, it formed the perfect support candle – a hammer candle – right on the 0.5 level, and has been pretty bullish since that candle closed.
According to this technical pattern, we arrive at a short-term Bitcoin price forecast of $124,5K, which is not only the Fibonacci swing high but also the token’s all-time high.
For a slightly longer-term Bitcoin price prediction, all we have to do is zoom out on the charts and look at what happened in 2017 before the token pulled off a mind-boggling 500% rally.
According to the comparison shown below, the action leading up to that massive rally looks strikingly similar to what we’re seeing today.
Both instances featured two major liquidity sweeps (indicated by green circles), followed by a double-bottom support after the second liquidity sweep.
That’s precisely the case this time around as well. So, if history repeats itself, Bitcoin could be headed towards $650K in the coming months.
Why Look Beyond Bitcoin
Sure, Bitcoin’s potential ~6x rally looks like a lot – and it is – but that’s only when you compare it with traditional investments such as stocks or metals.
In the wild world of crypto, however, a strong altcoin season can easily churn out 1000x returns, provided you pick the right tokens.
What Is Bitcoin Hyper?
Think of Bitcoin Hyper as a VIP fast lane running alongside Bitcoin’s old pothole-filled, congested highway.
Currently, that old highway can only process about 7 transactions per second (TPS), meaning it’s nowhere near the upper echelon of the fastest blockchains.
Solana, for example, boasts a theoretical processing speed of 65K TPS.
Bitcoin Hyper’s upcoming Layer-2 solution, however, integrates Solana Virtual Machine (SVM), capable of executing thousands of transactions in parallel.
That’s because $HYPER creates a log of all its transactions and sends it back to Bitcoin’s mainchain for final settlement.
$HYPER Opens Up a New Web3 World on Bitcoin
In addition to speeding up transactions and reducing costs, Bitcoin Hyper enables developers to build smart contracts and decentralized applications directly on the Bitcoin blockchain.
Thanks to Bitcoin Hyper’s express Layer 2, Bitcoin is finally entering the DeFi and Web3 arena.
You can now access DeFi trading apps, NFT marketplaces, DAOs, governance tools, lending, staking, and even gaming dApps using Bitcoin.
And how do you interact with these? Through Bitcoin Hyper’s non-custodial, decentralized canonical bridge.
This bridge is crucial because you can’t simply use your Layer-1 Bitcoin for Layer-2 activities. They first need to be ‘wrapped’ before becoming compatible with the L2 network.
That’s exactly what the bridge does. Here’s how it works:
- You deposit your Layer-1 Bitcoin into a designated address monitored by the canonical bridge.
- The bridge verifies the transaction, locks your Bitcoin, and mints an equivalent amount of Layer-2 tokens for you.
- Once you’ve used those tokens for your Web3 activities, you can raise a withdrawal request on the same bridge.
- The bridge then burns (locks) your L2 tokens and releases your original Layer-1 Bitcoin back to your wallet.
Understanding Bitcoin Hyper’s 1000x Potential
To fully grasp why Bitcoin Hyper ($HYPER) could be the next cryptocurrency to explode, we need to understand its role in Bitcoin’s adoption wave.
Currently, buying Bitcoin is viewed as a means to capitalize on crypto’s overall growth, as Bitcoin is the face of the entire industry.
However, unlike shares in a company, the better blockchains have real utility. Take Solana, Ethereum, or XRP, for example. Investors buy these tokens not just for price speculation, but because they power real-world applications.
For instance, if XRP truly becomes the backbone of cross-border payments, the value of its token will multiply several times over. That is the kind of utility-driven investment thesis behind much of crypto today.
Bitcoin, on the other hand, has been treated as the epitome of the crypto market itself. People invest in it simply because they believe ‘crypto will rise.’
While there’s nothing wrong with that, it’s not an ideal long-term strategy. With so many top utility-driven tokens gaining traction, Bitcoin’s dominance is at risk of eroding.
As the market matures, investors may realize that Bitcoin offers little value beyond serving as a symbol of the industry, which could cause it to lose ground to more flexible and faster competitors.
This is why Bitcoin Hyper is so crucial. It has the potential to unlock Bitcoin’s real-world utility, finally aligning it with modern blockchain standards.
And here’s the best part: Bitcoin Hyper is currently in presale. That means you can still get in at ground-floor prices.
With over $19.5M already raised from early investors, the presale is live and 1 $HYPER token is going for just $0.013005.
Visit Bitcoin Hyper’s official website to get behind Bitcoin’s Web3 evolution.
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Kosta joined the team in 2021 and quickly established himself with his thirst for knowledge, incredible dedication, and analytical thinking. He not only covers a wide range of current topics, but also writes excellent reviews, PR articles, and educational materials. His articles are also quoted by other news agencies.
Source: https://coindoo.com/bitcoin-price-prediction-for-uptober-hyper-next-1000x-crypto/