Should You Buy Bitcoin While It's Under $125,000?

Core Insights - Bitcoin has seen a year-to-date increase of 30%, with a recent price surge reaching $120,000, approaching its all-time high of $124,457 from the summer [1][4] - Historical data indicates that Bitcoin typically performs well in the fourth quarter, with average gains of 80% [3][4] - Analysts predict potential price targets for Bitcoin, with Citigroup suggesting $132,000 by year-end and $181,000 next year, while Fundstrat's Tom Lee estimates a possible rise to $200,000 this year [5][6] Performance Trends - Bitcoin has historically increased by 20% in October, 46% in November, and 5% in December since 2013 [3] - The fourth quarter has seen significant rallies in previous years, particularly in 2017 and 2020 [4] - Despite a 30% increase this year, Bitcoin is underperforming compared to other leading cryptocurrencies [8] Market Drivers - Strong demand from institutional investors is a key factor driving Bitcoin's price, particularly through spot Bitcoin ETFs [7] - Positive inflows into these ETFs are expected to support further price increases for Bitcoin [7]