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Bitcoin surged<\/a> past $114,000 on Monday, extending a rally that has defied its usual September weakness. The move comes after bitcoin briefly tested support near $107,000 earlier this month, only to rebound over the course of the month.<\/p>\n The gain marks bitcoin\u2019s strongest September since 2012, with prices up roughly 8% on the month. Technical traders note<\/a> that BTC has broken out of a descending wedge formation on the short-term charts \u2014 a bullish setup that, if confirmed, could open the door to a push toward $120,000.\u00a0<\/p>\n What makes the advance particularly notable is the backdrop of historically low volatility. Bitcoin historically underperforms in September but then surges in October, November and December.\u00a0<\/p>\n Despite the latest breakout, bitcoin\u2019s third-quarter performance has lagged behind its peers. BTC posted gains of about 7% in Q3 2025, a stark contrast to Ethereum\u2019s 68% rally over the same period<\/a>.<\/p>\n Bitcoin\u2019s rally has drawn fresh commentary from Eric Trump, executive vice president of the Trump Organization and a longtime crypto advocate.\u00a0<\/p>\n In recent interviews<\/a>, Trump reiterated his bold $1 million price target, urging investors to buy now.<\/p>\n \u201cVolatility is your friend. Buy right now. Shut your eyes. Hold it for the next five years,\u201d Trump said.<\/p>\n Trump argued that global monetary easing and a swelling money supply will ultimately propel bitcoin much higher. He also pointed to seasonality, noting that Q4 has historically been bitcoin\u2019s strongest quarter, averaging gains of roughly 85% in prior cycles.\u00a0<\/p>\n The remarks echoed his August appearance<\/a> at a Bitcoin conference in Hong Kong, where he told attendees, \u201cWe haven\u2019t even scratched the surface.\u201d\u00a0<\/p>\n The comments come as the Trumps have expanded their bitcoin and crypto ventures over the past year. Eric Trump<\/a> and his brother Donald Trump Jr. co-founded American Bitcoin<\/a>, a mining company in which the Trump siblings hold roughly 20% ownership, with the remainder controlled by Hut 8. The firm recently secured $220 million in funding and is preparing for a September Nasdaq listing via its merger with Gryphon.<\/p>\n Historically, the fourth quarter has delivered some of bitcoin\u2019s biggest rallies \u2014 averaging gains of about 85% between 2013 and 2024. Recent years fit the pattern: bitcoin surged 48% in Q4 2024 and 57% in Q4 2023, according to market data.<\/p>\n In past bull cycles, the moves were even more dramatic, with Q4 2017 delivering a 215% jump and Q4 2020 soaring 168%, each setting the stage for massive follow-through rallies.<\/p>\n Earlier this month, Fundstrat\u2019s Tom Lee reiterated<\/a> his $200,000 target for 2025, and prediction markets still assign a small probability of hitting that milestone<\/a> by year-end.\u00a0<\/p>\n Adding fuel, monetary policy appears to be turning supportive: with the Federal Reserve cutting interest rates<\/a>, risk assets \u2014 including crypto \u2014 could be poised for another late-year rally.<\/p>\n<\/p><\/div>\nEric Trump predicts that Q4 will be \u201cunbelievable\u201d<\/h2>\n
Bitcoin to $200,000 this year?<\/h2>\n