On October 5, 2025, Bitcoin reached a significant peak of nearly $126,000, instilling hope in the market. However, a recent prediction from an AI model suggests that a sustained breakout is improbable this month. Instead, Bitcoin is expected to remain within a defined trading corridor.

AI Model Suggests Sustained Range-Bound Trading

The analysis from CryptoQuant’s CryptoOnchain utilized an NBeats Ensemble deep learning model that is based on 379 on-chain features to project Bitcoin’s price trajectory for October. The findings indicate that BTC is likely to fluctuate between $108,000 and $123,000, clustering in the upper half of this range. This reflects stable buying interest even during a market pause following impressive gains.

“The most probable scenario for October 2025 is the continuation of Bitcoin’s neutral, range-bound movement,” CryptoOnchain concluded. “Traders should closely monitor the support level at $108,000 and the resistance at $123,000, as a decisive break of either level could define the next mid-term directional move.”

The forecast follows Bitcoin’s remarkable $125,559 weekend spike, fleetingly pushing its market cap near $2.5 trillion, just shy of silver’s $2.7 trillion valuation. This surge erased a month-long phase of sideways trading.

Yet, market participants are divided. Market commentator Daan Crypto Trades remarked in an X post that the recent upward move resembled a classic weekend squeeze and retrace, noticing a futures gap anticipated at $110,000.

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Meanwhile, a more bullish faction, represented by pseudonymous trader Mr. Wall Street, has speculated on a probable uptick to the $160,000 to $170,000 range in the next two months.

Strong Fundamentals at Play

Bitcoin’s current state is underpinned by robust on-chain fundamentals. A recent report by CryptoQuant demonstrated that spot demand levels have been consistently increasing, with a monthly average of over 62,000 BTC since July. This accumulation trend proved prevalent prior to rallies in the years 2020, 2021, and 2024.

Additionally, significant investors are reportedly adding an average of 331,000 BTC to their portfolios annually, while institutional investments via U.S. ETFs enhance the market’s depth. Analysts have identified the on-chain realized price at $116,000 as a critical marker; surpassing this threshold could trigger a transition into an extended bullish phase.

Currently, Bitcoin has experienced a 1.1% decline within the past 24 hours, trading within the $122,538 to $125,165 interval. Over the week, the cryptocurrency has gained 10.6%, rebounding from lows around $111,600, and its 30-day increase stands at 11.6%. Over the year, Bitcoin’s value has nearly doubled, with CoinGecko reporting a 99.9% surge.