Bitcoin above $120k: Here’s 3 data points bulls must watch next
John: Hey there, folks! I’m John, a veteran writer for Blockchain Bulletin, where we break down crypto news in straightforward, welcoming ways. Today, we’re diving into Bitcoin’s exciting climb above $120,000, updating the latest trends and key data points that bulls should keep an eye on. For readers who want a full step-by-step guide, you can also check this exchange guide.
Lila: Hi everyone, I’m Lila, John’s curious assistant here to ask the questions you’re probably thinking! John, for us beginners, what exactly does it mean when we say Bitcoin is “above $120k,” and why are bulls so excited about it?
Understanding the Recent Price Surge
John: Great question, Lila. Bitcoin’s price surpassing $120,000 means its value in U.S. dollars has crossed that threshold, making it a significant milestone for investors who believe in its long-term growth—those we call “bulls.” As of 2025-10-03, the live price is around $121,865 USD, according to CoinMarketCap data, following a surge that started in late September 2025.
Lila: Wow, that sounds huge! So, is this just a random spike, or is there some history behind it?
John: Not random at all. In the past, Bitcoin hit its all-time high in January 2025, way above March 2025 levels, as noted in Statista’s price history. This recent push above $120,000 on 2025-10-02, closing near $120,606 after a 5.5% climb from 2025-09-29, builds on that momentum. (And hey, if Bitcoin were a rollercoaster, this would be the fun uphill part—minus the screams!)
The Three Key Data Points for Bulls
Lila: Okay, the article mentions three data points bulls must watch. Can you explain them in simple terms?
John: Absolutely. First, watch the Trader’s Realized Price, which is around $116,000 as per CoinDesk reports from 2025-10-03. This metric shows the average price at which Bitcoin holders bought in, and breaking above it steadily could signal stronger upward moves toward $200,000 by year’s end.
Lila: That’s like checking if everyone’s on board for the ride?
John: Exactly—like ensuring the team’s invested before pushing forward. Second, on-chain valuation indicators are pointing to explosive months ahead, with Bitcoin nearing $125,000 as Ethereum eyes $10,000 in this bull cycle, according to Coinpedia’s analysis on 2025-10-03.
Lila: And the third?
John: Third, keep an eye on trading volume and resistance levels. Recent data shows 24-hour volumes over $87 billion USD, with Bitcoin breaking key resistance at $117,800 and testing $120,000, as detailed in Economies.com analyses from 2025-10-02 and 2025-10-03.
Historical Trends and Comparisons
Lila: How does this compare to past bull runs? I’ve heard about “Uptober”—what’s that?
John: “Uptober” refers to October’s historical tendency for positive crypto performance, and in 2025, it’s living up to the name with Bitcoin jumping over $119,000 in early October, per The Economic Times report on 2025-10-02. Looking back, Bitcoin’s price in September 2025 was lower, but the surge mirrors patterns from previous cycles, like the rally post-2021 highs.
Lila: So, history is repeating itself?
John: In some ways, yes. For instance, Statista data from 2025-09-15 shows Bitcoin’s peak in January 2025 was much higher than earlier months, setting the stage for this continuation. Predictions from Changelly on 2025-10-03 forecast Bitcoin could reach $128,000 by year-end, based on verified trends.
Current Market Landscape
John: As of now, the market is buzzing with “Uptober” momentum driving Bitcoin, Ethereum, and other assets, as analyzed by Kanalcoin on 2025-10-03. Institutional confidence is high, with historical trends supporting gains. Sentiment on platforms like X shows bulls eyeing all-time highs around $124,500, with consolidation above $120,000.
Lila: That sounds optimistic! Are there any lists of things to watch in this landscape?
John: Sure, here’s a quick list of current indicators bulls are monitoring:
- Daily price closes above $120,000, holding steady as of 2025-10-03.
- Increased trading volumes, exceeding $87 billion in the last 24 hours per CoinMarketCap.
- Positive on-chain signals, like funding rates heating up near $120,000 from various X posts reflecting market sentiment.
- Macro alignments, such as equities turning green, boosting crypto confidence.
Lila: Helpful list—thanks! (I feel like I could almost be a bull myself now.)
Risks and Considerations
John: While exciting, we must discuss risks. Volatility is inherent; Bitcoin could dip below key supports like $117,000 if momentum fades, as warned in Economies.com’s 2025-10-03 analysis. Regulatory changes, such as potential SEC updates, could also impact prices—always stay informed via official sources.
Lila: Yikes, what about safeguards?
John: Good point. Use trusted exchanges, diversify, and never invest more than you can afford to lose. Remember, this isn’t financial advice—just facts from reliable spots like CoinDesk.
Tips for Bulls Watching These Data Points
Lila: Any practical tips for someone following these data points?
John: Definitely. First, track real-time prices on sites like CoinMarketCap or CoinDesk for accurate updates. Second, use tools like on-chain analytics from Glassnode to monitor realized prices and volumes.
Lila: And for beginners like me?
John: Start small: Set alerts for key levels like $120,000 or $125,000. Join communities on X for sentiment, but verify with official sources. (Pro tip: If the market’s wild, treat it like a spicy meal—enjoy in moderation!)
Looking Ahead
John: Looking ahead, analysts from CoinDCX predict Bitcoin could trade above $114,000 in October 2025, potentially targeting $117,911 soon. By end of 2025, indicators suggest a push to $200,000 if thresholds hold, per CoinDesk’s 2025-10-03 report.
Lila: Exciting! Will this bull run last into 2026?
John: Possibly, with forecasts from Coinpedia indicating Bitcoin, Ethereum, and Cardano leading into 2026. Stay tuned to trusted sources for updates.
John: Whew, what a ride discussing Bitcoin’s surge above $120,000 and those crucial data points—it’s a reminder of how dynamic crypto can be. Keep learning and stay curious, folks. And if you’d like even more exchange tips, have a look at this global guide.
Lila: Totally agree—tracking these data points could make all the difference for bulls. Thanks for breaking it down, John; let’s keep watching!
This article was created using the original article below and verified real-time sources:
- Bitcoin above $120k: Here’s 3 data points bulls must watch next
- Bitcoin price today, BTC to USD live price, marketcap and chart | CoinMarketCap
- Bitcoin Price Prediction: Indicator Points to $200K by End of 2025
- Bitcoin price surges October 2025: Crypto bulls cheer as Bitcoin hits $119K — is the long-awaited Uptober bounce here? – The Economic Times