Here’s How Bitcoin Can Shoot for a New All-Time High Despite Weekly Crash

TL;DR

• Bitcoin’s value crashed onerous up to now week, going from over $115,000 to beneath $109,000 at one level.
• Nonetheless, the asset managed to stay above a key assist degree, which may ship it flying towards its all-time excessive of over $124,000.

Crash Received’t Cease BTC (For Now)

After we zoom out for just some extra days, bitcoin’s value calamity turns into much more evident. The cryptocurrency challenged $118,000 on September 18, simply after the US Federal Reserve minimize the rates of interest for the primary time this 12 months.

Nonetheless, it didn’t reclaim that degree and head towards $120,000. Simply the alternative, it began to lose worth regularly and retraced to $115,500 through the weekend. The precise ache, although, got here at the beginning of the enterprise week when the bears took full management of the market and drove BTC south to $112,000 at first after which to its lowest value place since early September of beneath $109,000.

Bitcoin examined that assist on a few events, which managed to carry for now. In line with Ali Martinez, the precise make-or-break degree is at $107,200. If BTC stays above it, the probabilities for a stable rebound to $115,000 and even $123,000 are fairly excessive, he mentioned.

Bitcoin $BTC defending $107,200 may gas a rebound to $115,000 and even $123,000. pic.twitter.com/LR7OotFMrU

— Ali (@ali_charts) September 28, 2025

The analyst with virtually 160,000 followers on X outlined one other chart, which may spell additional short-term ache for BTC but additionally result in a brand new all-time excessive within the subsequent few months, if historical past repeats.

Marvel if Bitcoin $BTC is taking part in this similar fractal… pic.twitter.com/qAvPmyHRe7

— Ali (@ali_charts) September 27, 2025

Extra Upside Forward?

CRYPTOWZRD additionally relied on historic information to foretell a extra constructive future for BTC. The analyst famous that bitcoin dropped throughout the identical month in 2023 and 2024, as September sometimes ends within the purple for the crypto market.

Nonetheless, each September corrections have been adopted by parabolic runs, and CRYPTOWZRD outlined the potential of one other rally by the tip of the 12 months.

Crypto Tony can also be bullish on BTC as he can “odor a grimy large pump.” He believes October will develop into ‘Uptober,’ as many in the neighborhood check with it, given the crypto market’s surge throughout that month in earlier years.