Bitcoin continues to surge following remarks from BlackRock’s CEO, Larry Fink, who suggested the cryptocurrency could eventually be valued at $700,000 per token. During discussions at the World Economic Forum in early 2025 and in an interview with Bloomberg, Fink pointed to the growing engagement of institutional players and potential portfolio diversification by sovereign wealth funds, with possible allocations of 2–5% to BTC.
#Bitcoin has broken through the major #resistance area and is now #trading above it. A #candle closing above $125,000 would be #bullish and send the #price into discovery mode. The support level has shifted to $123,000. pic.twitter.com/7c673v4Q3b
— Crypto VIP Signal™ (@CryptoVIPsignal) October 5, 2025
Overseeing more than $11 trillion in assets, Fink’s endorsement carries substantial market weight. His transition from early skepticism to strong advocacy for Bitcoin since 2022 mirrors the asset’s progression into mainstream finance. The success of the BlackRock iShares Bitcoin Trust ETF has further cemented institutional credibility in the crypto market. Analysts anticipate that this rising wave of large-scale investment could propel BTC toward Fink’s forecasted valuation, reinforcing its long-term bullish outlook.
Key Bitcoin Levels To Watch – October 5
BTCUSD is showing strong bullish momentum as price sustains above the 9-day SMA. The breakout from the $118,000 zone confirms renewed buyer dominance and sets the stage for higher targets.
MACD is widening in positive territory, reinforcing the upside strength. With momentum intact, price is poised to challenge $124,500 next and potentially extend toward $130,000.
Bitcoin Key Levels
Resistance Levels: $118,000, $124,530, $130,000
Support Levels: $108,390, $95,980, $85,010
BTC Metrics
Total Market Capitalisation: $4.22T
Bitcoin Market Capitalisation: $2.45T
Bitcoin Volume: $66.52B
Market Rank: #1
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