Bitcoin Ends Strongest Quarter in Years Aiming for $100,000

Bitcoin (BTC) closed the third quarter with a 42.6% rally, reaching $83,624 on Binance. This marks its best quarterly performance since the final three months of 2024, when it gained 47.8%. The rally ended a streak of three losing quarters and saw spot bitcoin ETFs attract about $3.1 billion in September, according to Oliver Carding, head of marketing at Tesseract Group.

The cryptocurrency bounced from support near $58,700, a level that acted as a floor in early 2024 and later that year. Historically, this support level has led to new all-time highs, such as the peak near $126,200 in October 2025. Analysts are watching $87,000 as a critical resistance level, which has capped gains twice since late September.

On the monthly chart, Bitcoin has risen for three consecutive months, gaining 7.3% in July, 25% in August, and 6.4% in September. This is its first such streak since April to July 2025. The 50-month exponential moving average, now near $67,434, reinforces the quarterly support. Above the current price, there is no significant resistance, with $100,000 being the next natural target.

The weekly chart shows local resistance near $86,976, a level set by the lows of late 2025. The daily chart highlights that BTC peaked at $87,396 on September 21 and $87,220 on October 2, pulling back from the $87,100 area both times. If Bitcoin clears $87,000, the path toward $100,000 could open up, according to analysts like Paul Howard, senior director at Wincent.

Risks to the rally include rising bond yields. The 10-year real yield closed at 2.93% on September 30, coinciding with the first net ETF outflow since September 16, amounting to about $149 million. A daily close below $82,206 could push Bitcoin back into its August and September range, but the bullish case remains intact as long as prices stay above $58,700.