Bitcoin Next 24 Hours Price Prediction – (10/03)
Key Points
- The Bitcoin (BTC) is currently on a bullish run and is priced $120,547.94.
- BTC has reached above its psychological barrier $120,000
- According to experts, the rally is expected to continue amidst increased ETF inflows, anticipations around Fed rate cuts, “Uptober” sentiments and talks on Sweden’s proposed BTC reserve.
The Bitcoin (BTC) is currently on a bullish run and is priced $120,547.94. Bullish sentiment is driven by positive technical indicators and is reinforced by a favourable macroeconomic environment. The BTC has crossed its $120,000 psychological barrier as well.
According to experts, the rally is expected to continue amidst increased ETF inflows, anticipations around Fed rate cuts, “Uptober” sentiments and talks on Sweden’s proposed BTC reserve.
The Current Market Scenario: How is BTC Faring Today?
As of today, 3rd October 2025, Bitcoin ( BTC) is priced around $120,547.94. The price has fluctuated between $ 118,537 and $ 121,009 in the past 24 hours. The price has increased by 1.55% over the past 24 hours. The BTC is trading above its 200-day Simple Moving Average (SMA) of $ 104,626. The 14-day Relative Strength Index ( RSI) stands at 64.42, further reinforcing bullish sentiments. The Fear and Greed index value has reached 63, greed, indicating an optimistic outlook.
The BTC has experienced 16 green days in the past 30 days. The overall market sentiment remains bullish, and the world’s largest cryptocurrency is presently trading near its all-time high. The $ 124,171 was the all-time high reached by BTC back on August 14th this year.
Additionally, BTC has reached above its psychological barrier $120,000 earlier today. The bullish run is expected to continue as the technical indicators remain positive.
|
Technical Indicators |
Value |
|---|---|
|
24H Volume |
$ 96.08B |
|
Volatility |
2.24% (Medium) |
|
Supply Inflation |
0.85% (Low) |
|
Fear & Greed Index |
63 (Greed) |
|
200-Day SMA |
$ 104,626 |
|
50-Day SMA |
$ 113,624 |
|
14-Day RSI |
64.42 |
|
Green Days |
16/30 (53%) |
BTC: 24 Hour Price Prediction
Currently, the price of BTC is rallying, and it has even broken the psychological barrier of $120,000. Bullish run is driven by increased institutional inflows to the spot ETF. The ETF has seen $627 million in inflows. Another significant factor driving the rally is the favourable macroeconomic environment. Experts are anticipating further cuts from the Fed. The Fed cuts would increase the risk appetite of the investors amidst the increased liquidity. The reduced rates would also drive them away from traditional investments to highly-rewarding ones such as crypto.
Against the backdrop of favourable macroeconomic parameters, further fueled by an “uptober” sentiment, the price of BTC is expected to go up. Historically, the BTC has shown an uptrend in October.
The experts predict that the BTC price may hit $ 121,527 in the next 24 hours. Furthermore, the price is predicted to reach around $ 129,954 in the upcoming weeks, breaking its all-time high.
Factors Affecting the Price of BTC
There are multiple factors, both crypto market-specific and macroeconomic parameters, that are shaping the price of BTC. The increased institutional adoption, facilitating regulatory steps such as the SEC’s generic approval for crypto ETFs, anticipations about Fed rate cuts, and Sweden’s proposed BTC reserve are some of the positive factors driving the rally. On top of that, a Uptober sentiment is favouring a bullish run. Being the world’s largest cryptocurrency, BTC has a broader adoption and a market cap nearing $2.39 trillion.
According to Riya Sehgal, research analyst, Delta Exchange, Bitcoin’s growth is underpinned by structural strength, broader adoption, and favourable macroeconomic conditions rather than mere speculation. Despite the uptrend, the investors are advised to exercise caution as the crypto market remains highly volatile.
Crypto & Blockchain Expert