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Bitcoin about to jump: But will the $120,000 mark be reached?
Analysts are concerned about Bitcoin needing to remain stable after crashing to $110,000. Learn more about the impact of the U.S.-China trade conflict on the crypto market.
Bitcoin about to jump: But will the $120,000 mark be reached?
As of October 13, 2025, analysts at Bitfinex predict that Bitcoin could potentially target targets between $117,000 and $120,000. However, this optimistic outlook is crucial as Bitcoin's recovery relies heavily on fresh capital flowing into the spot market. There is currently a significant imbalance between buyers and sellers, with a 2.5x overhang of sellers entering the cryptocurrency market.
These market conditions must be viewed against the background of increasing geopolitical tensions. The US-China trade tensions have resulted in a shocking $1 trillion loss in the cryptocurrency market. As a result of these developments, Bitcoin saw a drastic decline of 18.1%, while some alternative coins even lost up to 80% in value. There were also $19 billion in liquidations in futures contracts in a single day, underscoring the volatile nature of the market.
Market analysis and forecasts
The analysts emphasize that Bitcoin's return to targeted price levels depends on maintaining support at $110,000. Failure to hold this level could result in additional downside. Current macroeconomic conditions are uncertain, particularly in the context of an ongoing U.S. government shutdown that is hampering the release of key economic data. These uncertainties could further obscure market fragility.
The dependence on fresh capital and specific market conditions is crucial for the future development of Bitcoin. Analysts warn that the lack of data on economic developments could make the current market situation appear unstable. This interaction of forces will significantly influence future price formation in the cryptocurrency sector.
In summary, the current situation in the Bitcoin market is characterized by both positive and negative factors. Bitfinex analysts see potential for a recovery, but for this to happen the macroeconomic conditions need to become clearer and the supply of free capital flows back to the markets. Crypto News reports that precisely these aspects are of utmost importance for market participants in order to be able to better assess upcoming developments.