"Bitcoin surged past $114,000 on Monday, extending a rally that has defied its usual September weakness. The move comes after bitcoin briefly tested support near $107,000 earlier this month, only to rebound over the course of the month. The gain marks bitcoin's strongest September since 2012, with prices up roughly 8% on the month. Technical traders note that BTC has broken out of a descending wedge formation on the short-term charts"
"In recent interviews, Trump reiterated his bold $1 million price target, urging investors to buy now. "Volatility is your friend. Buy right now. Shut your eyes. Hold it for the next five years," Trump said. Trump argued that global monetary easing and a swelling money supply will ultimately propel bitcoin much higher. He also pointed to seasonality, noting that Q4 has historically been bitcoin's strongest quarter, averaging gains of roughly 85% in prior cycles."
Bitcoin surged past $114,000 in September after briefly testing support near $107,000, marking its strongest September since 2012 with roughly 8% monthly gains. Short-term charts show a breakout from a descending wedge, a bullish technical setup that could enable a move toward $120,000 if confirmed. The rally has occurred amid historically low volatility and contrasts with bitcoin's modest 7% gain in Q3 2025 versus Ethereum's 68% gain. Eric Trump reiterated a $1 million price target, urged long-term holding, and cited global monetary easing and Q4 seasonality as reasons for further upside.
Read at Bitcoin Magazine
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