Bitcoin (BTC) recovered the price of $ 120,000 earlier today and is facing some resistance at this level. BTC has made a fairly rapid recovery from its latest descent to the price level of $ 109,000. According to Cooiestecko data, Bitcoin (BTC) has collected 1.2% over the past 24 hours9.6% over the past week, 2.5% in the 14-day diagrams, 8% last month and 95.6% since October 2024. In this price pre-starting article, let’s discuss whether Bitcoin can break a new top of $ 130,000 over the coming weekend.
Bitcoin Price Presence: $ 130,000 over the weekend?
While September has historically been a baisse -like month for Bitcoin (BTC), October has been the opposite. Many even call October “Uptobo”, and emphasize their haus -like history. BTC could see its rally continue in the coming days if we follow the historical pattern. If BTC violates the $ 125,000 brand, it may be climbing to hit $ 130,000. However, whether the asset can hit $ 130,000 this weekend is doubtful.
CoinCox also expects Bitcoin (BTC) to violate $ 130,000 brandBut not during the coming weekend. The platform predicts that Bitcoin (BTC) will trade at $ 131,606 on October 9. Beating $ 131,606 from current price levels will mean a rally of about 9.6%.
Also read: Metap plane adds $ 600 million in bitcoin, joins the top 4 public holders
While Bitcoin’s (BTC) forecast looks pretty hooked, there is always the possibility that financial factors present unforeseen challenges. President Trump’s tariffs can lead to financial obstacles that can lead to fresh volatility. In addition, slow economic growth can lead to the Federal Reserve postponing its interest rate reduction.
