Bitcoin (BTC) is entering a critical phase as market sentiment shifts between caution and optimism, with technical signals and whale activity hinting at an impending expansion cycle toward the $150,000 milestone.
After briefly touching highs above $126,000, Bitcoin has retreated to around $122,000 as of October 8, 2025—a modest 2% pullback amid broader market consolidation. Despite the correction, analysts remain confident that Bitcoin’s long-term uptrend remains intact, supported by growing institutional inflows and cyclical post-halving momentum.
Bitcoin Price Today: A Short-Term Correction Within a Broader Uptrend
Analysts from BitBull Research highlighted that Bitcoin recently slipped below short-term support near $125,000, raising the possibility of a retest toward $118,000 before resuming higher. “Bitcoin is still forming higher highs and higher lows, so don’t get shaken out,” BitBull wrote on X, suggesting that the current consolidation is healthy and consistent with a maturing bull phase.
Bitcoin dips toward $118K support, but analysts say the uptrend stays intact with $150K still in sight for 2025. Source: @AkaBull via X
This correction mirrors historical cycles in which Bitcoin experienced 20–30% retracements before major expansions. During the 2017 and 2021 rallies, similar pullbacks often preceded parabolic moves as post-halving liquidity and investor sentiment improved. Based on this framework, Bitcoin would need to climb roughly 23% to hit $150,000—a target well-aligned with previous post-halving trajectories.
Whales Accumulate as Institutional Demand Strengthens
On-chain data added weight to the bullish narrative after reports confirmed a major whale purchase of 650 BTC—worth nearly $80 million—on Binance, followed by a transfer to a self-custody wallet. “Whales are buying the dip,” noted analyst Max Crypto, citing Arkham Intelligence data that traced two large withdrawals from exchange wallets, signaling renewed long-term accumulation.
Whales scoop up $80M in Bitcoin on Binance, signaling bold dip-buying amid market pullback. Source: @MaxCryptoxx via X
Historical data supports this trend. In more than half of previous instances, periods of elevated whale buying were followed by 15–20% price gains within weeks. At the same time, institutional appetite for Bitcoin continues to grow, with $518 million in net ETF inflows this week alone. Both the BlackRock and Fidelity Bitcoin ETFs reported strong demand, reflecting steady institutional participation even amid short-term volatility.
Technical Outlook: Oversold Signals Hint at Expansion Phase
Technical indicators are beginning to flash early signs of renewed strength. According to trader Mister Crypto, Bitcoin’s latest dip pushed the Relative Strength Index (RSI) toward oversold levels on multi-year charts. “Bitcoin is oversold and entering the expansion phase,” he stated, referencing a Wyckoff-style shakeout pattern that often precedes strong rallies.
Bitcoin enters an expansion phase after oversold signals—traders turn bullish on the next big BTC move. Source: @misterrcrypto via X
Currently, Bitcoin’s daily RSI sits near 41 — neutral but leaning bullish. Similar readings in past cycles marked key accumulation zones ahead of major upward expansions. Analysts at Brave New Coin add that net outflows from exchanges and rising ETF inflows continue to confirm long-term holder confidence, supporting the case for sustained price appreciation into Q4 2025.
Bitcoin Market Outlook and Price Targets
Bitcoin’s market capitalization remains above $2.4 trillion, underscoring its dominance as the leading digital asset. The next major resistance sits around $130,000, with firm support established near $118,000. A confirmed breakout above $130K could open the door to the $150K target zone, aligning with analysts’ expectations for a strong Q4 performance driven by institutional liquidity and macro tailwinds.
Despite near-term volatility, the macro backdrop remains supportive. Lower inflation expectations, expanding ETF participation, and strengthening global adoption continue to underpin Bitcoin’s long-term bullish thesis. For investors evaluating whether to enter the market, experts suggest maintaining a long-term accumulation strategy — viewing dips as opportunities rather than risks.
Final Thoughts
Bitcoin’s journey toward $150,000 is shaping up as a blend of cyclical strength and deep-pocketed accumulation. The recent $80 million whale purchase, combined with consistent ETF inflows and resilient technical metrics, reinforces the narrative of institutional confidence and long-term optimism.
Bitcoin (BTC) was trading at around $122,193, up 0.23% in the last 24 hours at press time. Source: Bitcoin Price via Brave New Coin
While Bitcoin may still test lower support levels in the short term, the overall setup favors continuation rather than capitulation. With post-halving dynamics, growing adoption, and a robust on-chain foundation, Bitcoin appears well-positioned to extend its rally and potentially close 2025 near the coveted $150K threshold.