Bitcoin price hits record of $125,506 but faces old resistance

Bitcoin has shown an impressive climb over the past few days, even hitting a new all-time high of $125,506. The current price is around $123,257, putting the coin about 12.6% higher this week.

On a daily basis, BTC is also slightly up by 0.9%. However, not everything is sunshine and roses, as the chart shows that the price remains just below an important trendline.

Resistance remains a tough hurdle

The well-known analyst Rekt Capital points out a trendline that has acted as a kind of ceiling for months. Each time Bitcoin approaches this line, a sharp correction follows. For instance, the price dropped more than 30% before and recently by another 10%. The most recent rejection has so far resulted only in a minor dip of about 2.3%, which could mean the resistance is weakening.

#BTC

The most important Bitcoin resistance to break for a prolonged Price Discovery Uptrend$BTC #Crypto #Bitcoin pic.twitter.com/8Grl1yGZ0Z

— Rekt Capital (@rektcapital) October 4, 2025

According to Rekt Capital, a weekly close above this red line is essential to open the door to accelerated gains and real price discovery. In other words, as long as BTC stays below this line, caution remains warranted despite the optimism in the market.

Liquidity shifts and latecomers take risks

Looking at Coinglass’s heatmap, it’s notable that most of the ‘upside liquidity’ has already been absorbed. This means the market has already used much of its immediate upward potential. What remains is a strong concentration of liquidity between $117,000 and $120,000. That could mean a short correction back to this level is not out of the question.

$BTC liquidity heatmap is telling a clear story.

Most of the upside liquidity has been taken out.

A decent cluster of liquidity is sitting between $117,000 and $120,000.

Late longs are now entering, and maybe they’ll get flushed.

Overall, Bitcoin structure is good with higher… pic.twitter.com/wAdOxWXc0H

— Ted (@TedPillows) October 5, 2025

Many new buyers are now entering who may be too late (‘late longs’), which, according to some analysts, is exactly when smart traders take profits. Still, the overall picture remains positive, with an upward trend of higher lows and higher highs. Technically speaking, Bitcoin still appears to be in a healthy phase.