Can Bitcoin Reach New Heights After October 6's $126K Peak?
A recent poll shows many believe Bitcoin could still soar despite recent declines.
Uptober kicked off energetically as Bitcoin surged over $15,000 in a matter of days, breaking its all-time high from August 2025, and reaching a new peak just above $126,000.
However, the trend turned downward as Bitcoin lost over $23,000 within a week, recovering slightly to $107,000 at the time of writing. This dynamic raises the question within the cryptocurrency community: Is the peak reached for this bull cycle?
Recent results from a poll by PlanB revealed that 68% of the 36,089 respondents believe that Bitcoin still has potential for further growth.
“32% think $126K was the peak. 63% foresee Bitcoin dropping below $100,000. 68% anticipate a bear market in 2026.”
— PlanB (@100trillionUSD) October 18, 2025
Conversely, a previous survey indicated that 62.9% of the 30,833 voters believe that the cryptocurrency will eventually fall below the notable $100,000 threshold.
Thus, the inquiry regarding the reasons behind a potential decline or the onset of a bear market continues. Among respondents, some drawn on historical trends to gauge Bitcoin’s peak timing post-halving, while others pointed to liquidity practices. One user commented on this shifting influence:
“ETFs and custodial products rebalance through controlled supply absorption, and derivatives further this through perpetual funding. It’s about liquidity rotations and profit extraction before capital redeployment.”
— PlanB (@100trillionUSD) October 18, 2025
