Finance

Bitcoin Rockets to New Highs: Will $150,000 Be the Next Target Amidst ETF Inflows and Dollar Weakness?

Bitcoin hits a new record high. Analysts predict further gains to $150,000 driven by ETFs & dollar decline.

October 6, 2025, 8:55 AM

A rocket ship featuring the Bitcoin logo is shown ascending into a starry night sky, propelled by bright flames. By MDL.

Executive Summary

Bitcoin (BTC) surged to a new record high, with analysts forecasting further gains towards $150,000.

The rally is primarily driven by significant inflows into spot Bitcoin exchange-traded funds (ETFs), a depreciating US dollar, and the ongoing US government shutdown.

US spot Bitcoin ETFs recorded $3.2 billion in inflows last week, marking their second-best week, which, combined with historically bullish seasonality, fuels the continued rally.

The Story So Far

Bitcoin’s recent surge to a new record high is fueled by significant inflows into spot Bitcoin exchange-traded funds, a depreciating US dollar encouraging investors to diversify, and the ongoing US government shutdown which positions Bitcoin as a safe-haven asset, all occurring within historically bullish seasonal patterns.

Why This Matters

Bitcoin’s surge to a new record high, fueled by robust spot ETF inflows, a depreciating US dollar, and the ongoing US government shutdown, signals its growing legitimacy as a safe-haven asset and a hedge against traditional financial instability. This rally, with analysts forecasting further gains towards $150,000, underscores increasing institutional adoption and positions Bitcoin for continued price discovery and broader mainstream integration.

Who Thinks What?

Crypto analysts such as CrediBULL Crypto, Crypto Chase, James Wynn, and Charles Edwards anticipate that Bitcoin has begun its next leg up, predicting further gains towards $150,000 and strong price discovery, with any pullbacks expected to be minor.

Jeff Mei, chief operating officer at BTSE exchange, suggests that the ongoing US government shutdown is causing investors to view Bitcoin as a safe haven for diversifying away from the US dollar and Treasuries, further fueled by the US dollar’s depreciation.

Venture capital investor Will Clemente and Nova Dius President Nate Geraci highlight that the significant Bitcoin price movement is primarily driven by substantial inflows into spot Bitcoin exchange-traded funds (ETFs), which recorded $3.2 billion in the past week.

Bitcoin (BTC) surged to a new record high on Sunday, with analysts now forecasting further gains towards $150,000. This rally is attributed to several factors, including significant inflows into spot Bitcoin exchange-traded funds (ETFs), a depreciating US dollar, and the ongoing US government shutdown.

Analyst Projections

Crypto analyst CrediBULL Crypto stated on Sunday that Bitcoin’s “next leg to $150k+ has begun” following its impulsive new all-time high. While suggesting a potential “blast through” current levels, the analyst did not rule out a pullback to the $108,000 to $118,000 range.

Similarly, long-term crypto trader Crypto Chase echoed this sentiment, predicting that “a new leg up seems likely” and that strong pullbacks would be minor. Hyperliquid whale trader James Wynn also noted the start of “price discovery mode,” attributing the delay to “price suppression” and attention on gold and stocks. TradingView data confirmed Bitcoin’s highest weekly close in history at $123,543.

Key Drivers of the Rally

The recent 11% surge in Bitcoin’s price over the past week is linked to several macroeconomic and market-specific factors. Jeff Mei, chief operating officer at BTSE exchange, suggested the US government shutdown, which began on October 1, is prompting investors to view Bitcoin as a safe haven. This provides an alternative for diversifying away from the US dollar and Treasuries.

Mei further explained that the US dollar’s depreciation, with the US Dollar Index declining over 12% this year, encourages investors to allocate capital to other currencies and Bitcoin. This record high for Bitcoin coincides with the US dollar’s weakest performance in decades.

ETF Inflows and Seasonality

Venture capital investor Will Clemente highlighted that the significant Bitcoin price movement was primarily driven by spot exchange-traded funds, not digital asset treasuries or derivatives. Nate Geraci, President of Nova Dius, observed that US spot Bitcoin ETFs experienced “ridiculous numbers” last week, recording $3.2 billion in inflows, marking their second-best week since launch.

These influences, combined with historically bullish seasonality, could fuel a continued rally. Bitcoin has historically gained in eight out of 12 past fourth quarters and 10 of the past 12 Octobers. Crypto YouTuber Michaël van de Poppe emphasized the strength of a $15,000 surge in a single week, while Capriole Investments founder Charles Edwards previously predicted a rapid move to $150,000 upon breaking $120,000.

Outlook

The confluence of strong ETF interest, a weakening US dollar, and favorable historical patterns suggests a bullish outlook for Bitcoin in the near term. Analysts anticipate further price discovery beyond recent highs, with potential targets around $150,000.