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<p>Bitcoin hit a new all time high yesterday, October 6 following a strong momentum as the “Uptober” month unfolds. However, this comes as none of its 30 bull market peak indicators have hit.</p>
<p>At the time of publishing, Bitcoin is trading near $120,988, down 3.38% from its daily high. It witnessed a 17% surge in trading activity today, leading to $77 billion in trading volume, as per <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a> data.&nbsp;</p>
<p>Meanwhile, investors still remain confident that the rally is not over yet and a further upward trajectory is still certain with data from CoinGlass categorizing Bitcoin as a “hold 100%” asset based on its top 30 bull market indicators.&nbsp;</p>
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  <img width="518" height="675" src="https://www.cryptotimes.io/wp-content/uploads/2025/10/image-30-518x675.png" alt="Bull Market Peak Indicators">
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   Bull Market Peak Indicators | Source: <a href="https://www.coinglass.com/bull-market-peak-signals" target="_blank" rel="noopener noreferrer nofollow">Coinglass</a>
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<p>CoinGlass’s top 30 bull market indicators form a comprehensive dashboard tracking Bitcoin’s cycle through metrics like the Pi Cycle Top, MVRV ratio, and Ahr999 Index, covering price, on-chain activity, and sentiment. Currently, none of these indicators signal a market top, supporting the “hold 100%” rating and suggesting potential for Bitcoin to climb to new highs.</p>
<p>In a statement to The CryptoTimes, the CEO &amp; Co-founder of VALR, Farzam Ehsani, said that “Bitcoin’s new all-time high and surge past $125,000 is driven by the convergence of multiple tailwinds kicking into the market simultaneously. These converging factors are vital for understanding the trajectory of the market in Q4.”&nbsp;</p>
<h2 class="wp-block-heading" id="bitcoin-and-uptober-season">Bitcoin and ‘Uptober’ Season</h2>
<p>The recent surge in Bitcoin price is largely fueled by demand from institutional investors and also macroeconomic factors that favor assets like high risk. Based on this buying pressure, analysts <a href="https://www.cryptotimes.io/2025/10/05/bitcoin-breaks-125000-marks-a-new-all-time-high/" target="_blank" rel="noopener noreferrer nofollow">predict</a> that Bitcoin has the tendency to climb up to $135k this year as the momentum holds.&nbsp;</p>
<p>“Seasonal strength is adding further fuel to the BTC’s rally fire,” Ehsani notes, adding, “Historically, Bitcoin has posted gains in 10 of the last 12 Octobers and 8 of the past 12 Q4s. This is setting expectations that the current breakout move, which saw BTC move from $110,000 to $125,000 in one week, could extend further and withstand the selling pressure and profit-taking usually triggered when Bitcoin hits a new all-time high.”</p>
<p>In addition, Market sentiment is turning more bullish, as the Crypto Fear and Greed Index edges toward greed. Currently, the index is at 64, according to <a href="https://coinmarketcap.com/charts/fear-and-greed-index/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a>, and this suggests that investors are actively confident in the market.&nbsp;</p>
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 <p>Also Read: <a href="https://www.cryptotimes.io/2025/10/07/blackrocks-top-etf-is-just-a-hair-away-from-100-billion/" target="_blank" rel="noopener noreferrer nofollow">BlackRock’s Top ETF Is Just a Hair Away from $100 Billion</a></p>
</blockquote>

Bitcoin Soared to New High But Indicators Show Rally is Not Over

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The Crypto Times

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