Bitcoin surged past $119,000 on Thursday, briefly touching the $120,000 mark for the first time since mid-August, fueling optimism among traders that a new all-time high is near. The move comes as momentum builds on Wall Street, with analysts highlighting $118,000 as a key support zone for further gains.
Traders and analysts believe the recent six-week corrective phase has ended, with Bitcoin’s daily close above $117,300 confirming bullish strength. Market watchers suggest that holding above this level could quickly open the door to price discovery and a potential run toward $145,000.
Technical indicators, including a strong RSI and a cross above the anchored VWAP, support the case for further upside. Market analysts note that this breakout signals growing investor confidence heading into October, often referred to as “Uptober” in the crypto space.
Market Overview
Alongside Bitcoin’s bullish momentum, the wider crypto market remains firm with Ethereum, Binance Coin, Solana, and XRP showing resilience.
| Rank | Coin | Price (USD) | 24h Change | Market Cap |
| 1 | Bitcoin[1] (BTC) | $119,031 | +1.2% | $2.34T |
| 2 | Ethereum[2] (ETH) | $3,290 | +0.8% | $395B |
| 3 | Binance Coin (BNB) | $590 | +0.6% | $90B |
| 4 | Solana (SOL) | $188 | +1.5% | $85B |
| 5 | XRP | $0.64 | +0.3% | $35B |
The rally signals renewed optimism across digital assets, with Bitcoin leading the charge and traders eagerly anticipating a new all-time high in the coming weeks.