According to on-chain analytics platforms and market specialists, Bitcoin's bull run continues to gain momentum, with none of the 30 primary cycle indicators signaling a peak as of October 2025. This has sparked renewed discussions about where the cryptocurrency might head next, with some experts predicting the current upward trend could last into the beginning of 2026.
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Market sentiment has been swinging between extremes, as shown by the Alternative Fear & Greed Index, which shifted from "extreme greed" to "fear" within a matter of weeks in late 2025, according to
Institutional interest continues to support the bullish outlook. On October 23, Bitcoin ETFs saw net inflows of $20.3 million, with BlackRock's IBIT leading the way. On-chain liquidity data also points to significant accumulation by corporate treasuries and investment funds, according to
Leading analysts believe that fundamental changes are lengthening the current bull cycle. The Bull Theory suggests that Bitcoin's usual four-year cycle has expanded to five years, influenced by ongoing macroeconomic factors such as extended debt monetization and slower liquidity movement, according to a NewsBTC update. This framework predicts a possible market peak in the second quarter of 2026. Meanwhile, Michaël van de Poppe from Coinedition points out that undervalued altcoins and the absence of widespread retail excitement indicate the market is still in its early stages, as discussed in
Broader geopolitical and economic developments add further complexity. The trade agreement between the U.S. and China reached in late October boosted risk assets, pushing Bitcoin to $113,367 and raising the total crypto market value to $3.83 trillion, according to
With no definitive signs of a market top and strong institutional backing, Bitcoin appears poised to challenge new record highs—though volatility from ETF flows, options expirations, and macroeconomic events may bring instability. As one analyst remarked: "We're still at the very bottom of this entire indicator. There's much more room for growth ahead." Van de Poppe added.
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