As of September 1, 2025, Gate market data shows that, Bitcoin price Narrowly fluctuating around $109,500, with a daily decline of 0.54%. The total market capitalization of cryptocurrencies is currently reported at $3.81 trillion, with a 24-hour increase of 0.2%.
The recent pullback occurred against the backdrop of Bitcoin failing to maintain its upward momentum after breaking through $113,500. Market analysts pointed out that the weekly MACD indicator for Bitcoin has formed a death cross, and if it does not recover by the end of next week, it may trigger a daily level adjustment.
Market trend: short-term pullback and long-term optimism
Recently, the cryptocurrency market has experienced a period of intense fluctuations. Bitcoin failed to maintain its upward momentum after breaking through $113,500, and subsequently entered a downward trend, currently dropping below the $110,000 mark.
Technical analysis shows that Bitcoin is currently in the fourth wave of the correction phase, with an expected target range between $90,000 and $95,000. This adjustment may end by the end of September.
Despite a short-term pullback, the long-term trend shows that Bitcoin is still in an upward trend that started at $49,000. Several institutions and analysts expect it could reach a target range of $150,000 to $200,000 by the end of January 2026.
Bull run phase: Bitcoin is currently in the bull stage.
According to the analysis of CG, the chief researcher of ABC Alpha, the crypto bull run is usually divided into three stages: early bull, mid bull, and late bull.
The current market is in the "bull" stage, characterized by the restoration of market confidence, increased risk appetite for funds, and capital starting to flow from BTC to Altcoins Leader—ETH, even leading to situations where ETH rises while BTC declines.
Historical data shows that during the 2017 bull run phase, ETH achieved a more than 15 times increase in value within 7 months, while BTC increased by about 3 times during the same period; in the 2021 bull run phase, ETH rose by more than 2 times, while BTC rose by 1.6 times.
Institutional Dynamics: El Salvador’s Quantum Security Strategy
El Salvador, as one of the first countries to adopt Bitcoin as legal tender, recently transferred its 6,274 Bitcoins (worth $678 million) to 14 new wallet addresses as a precaution against potential quantum computing threats.
The Bitcoin office explains: "By diversifying funds into smaller amounts, the potential impact of quantum attacks is minimized." Each Bitcoin address can hold a maximum of 500 BTC.
Industry experts point out that quantum computing is still a long way from being able to crack Bitcoin. Michael Saylor, the designer of the Bitcoin strategy, stated that if this becomes a serious issue, the core developers of the protocol and hardware manufacturers will implement fixes.
Institutionalization Process: ETF and Institutional Capital Inflows
The entry of institutions has brought new strength to the crypto market. The launch of Bitcoin and Ethereum spot ETFs in 2024 opens the door for billions of dollars in allocations for retirement funds and banks.
Since their debut, over $6.5 billion has flowed into these products, with most of the funds going into Bitcoin. Spot ETFs provide a direct entry point into the Bitcoin market for funds managed by financial advisors.
Katherine Dowling of Bitwise pointed out that this marks a further acceptance of crypto assets by the traditional financial system, becoming a legitimate component of diversified portfolios.
Market Outlook: Expected to Reach New Highs After Adjustment
Although facing adjustment pressure in the short term, the market remains optimistic about future trends. Analysts expect that after October, the market is likely to start a new round of increases, aiming for a peak above 150,000.
Arthur Hayes predicted at the recent WebX summit that the crypto market will experience a super bull run lasting until 2028, and he expects Ethereum price will reach between 10,000 to 20,000 dollars.
At the same time, the Bitcoin Asia 2025 Conference also depicted a future where Bitcoin serves as the foundation of value, advancing through waves of institutionalization, globalization, and technological development.
Future outlook
Technical analysis shows that Bitcoin is currently in the fourth wave of a correction, with an expected target range between 95,000 and 105,000 dollars. This adjustment may end by the end of September.
After October, the market is expected to embark on a new round of increases, aiming for a high point above 150,000 USD. Several analysts predict that by the end of January 2026, Bitcoin may reach a target range of 150,000 to 200,000 USD.
