The analyst announced the growth of bitcoin to $ 120-140 thousand.

In the short term, we can expect bitcoin (BTC) to move in the range of $120-140 thousand, with possible periods of consolidation. Igor Rastorguev, a leading analyst at AMarkets, told Izvestia on October 2.

According to analysts, by the end of 2025, bitcoin may reach levels of $ 130-144 thousand. However, the most optimistic scenarios based on the cycle model suggest a potential of up to $243 thousand.

The analyst also said that the growth of BTC above $119,000 was a natural result of the coincidence of several key factors. One of them was the September decision of the US Federal Reserve System (FRS) to reduce the rate by 25 basis points to 4-4.25%.

"The market is already planning a further decline — with a probability of 75%, another 25 basis points are expected in October and December. This creates a favorable environment for risky assets, including cryptocurrencies," the expert added.

According to him, another important driver of growth is institutional capital. In September alone, inflows into bitcoin ETFs totaled more than $3 billion, in stark contrast to the outflows seen at the beginning of the month. Corporate investors such as MicroStrategy have added 0.64 million BTC to their reserves since the beginning of the year, which indicates a fundamental shift in the perception of cryptocurrencies — from a speculative asset to a full-fledged instrument of the corporate treasury.

"October has historically been a strong month for bitcoin — on average, the cryptocurrency shows an increase of about 25%. The current cycle after halving (17 months have passed) also works in favor of further strengthening the position. Additional support is provided by the growth of the global M2 money supply, with which bitcoin traditionally correlates, and the weakening of the dollar," said Rastorguev.

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How can this affect the market and the number of players?

On the same day, it became known that the cost of bitcoin rose above $119,000. At 11:00 Moscow time, the coin is trading at about $118.5 thousand, according to Investing data.

On September 26, Alexander Schneiderman, head of Alfa-Forex's customer support and sales department, said that the correction phase continues in the bitcoin market after the quotes reach summer and historical highs of $123 thousand per coin. He added that the main growth drivers related to the intention of the new US administration to promote the development of the bitcoin market have now been played out. This encourages large market participants to take profits.

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