Analysts Say “Next Leg” Has Begun As Bitcoin Eyes $150K & ETF Inflows

Right after midnight on 6 October, Bitcoin (BTC-PKR) did the unthinkable: it bounced to $124K after days of volatility. Analysts now call Bitcoin’s behavior “blast through” as the coin eyes $150K target next in this cycle.

Fresh record highs above $125,700 have reignited bullish sentiment, and commentators are increasingly confident the next leg of this bull run may already be underway.

Bitcoin Bullish Momentum: What Experts Are Saying

“Now that we’ve made new ATHs in an impulsive manner, the next leg to $150,000+ has begun,” tweeted crypto analyst CrediBULL Crypto, referencing the breakout and expressing confidence in continued upside.

He also cautioned that a pullback to the $108,000 to $118,000 zone would not surprise him, viewing it as a potential buying opportunity.

Echoing that optimism, trader Crypto Chase said a “new leg up seems likely,” with only minimal pullbacks expected if momentum holds.

Whale trader James Wynn has added that price discovery mode appears to have kicked in. Meanwhile, Charles Edwards, founder of Capriole Investments, told media that once Bitcoin convincingly breaks above $120,000, it could “in a pretty short time” reach $150,000, citing institutional demand and gold’s parallel rally.

Macro Catalysts and ETF Flows

Institutional flows are playing a starring role in the narrative. Last week, U.S. spot Bitcoin ETFs recorded $3.24 billion in net inflows, marking the second best week on record for October. These inflows are increasingly seen as a key driver behind recent price strength.

Comparatively, Bitcoin treasury firms acquired about $1.2 billion in new BTC over the same period. Analysts say it’s the ETF demand, rather than corporate accumulation, that is capturing market attention.

Macro tailwinds are also supporting the move. The recent U.S. government shutdown has reignited themes around dollar weakness and capital flight, with Bitcoin increasingly perceived as a hedge. Analysts point to loose liquidity, softening dollar pressure, and broader risk appetite as material undercurrents.

Regulatory developments are also reducing friction. The SEC’s move to streamline crypto ETF approvals has lowered barriers for new funds, potentially ushering in a fresh wave of inflows.

Notably, JPMorgan analysts have raised bullish forecasts, projecting Bitcoin could reach $165,000 by year-end based on relative valuation against gold and implied volatility multipliers.

Potential Risks and Caution Zones

Even amid optimism, risks remain. A reversal back into $108,000 to $118,000 cannot be dismissed, and many analysts view such dips as healthy consolidation zones.

Veteran trader Peter Brandt cautions that if Bitcoin falls below $107,000, it may alter market psychology and lead to deeper corrections.

Further headwinds include macro surprises such as hawkish Fed moves, regulatory clampdowns, or sentiment fatigue. The trajectory to $150K is not guaranteed; execution and resilience matter.

If Bitcoin can hold key supports and continue absorbing institutional capital, the path from $125K to $150K may indeed be smoother than prior cycles. The central question now is whether bulls can maintain momentum against profit-taking, macro surprises, or regulatory risk.