Key Takeaways
- Bitcoin hit an intraday high of $87,374 on Sept. 21, its strongest level since late January.
- Bitcoin gained roughly 6%-7% in 24 hours as short covering and institutional flows fueled the move.
- Bitcoin remains about 31% below its $126,277 peak, leaving traders to debate how much farther it can run.
Bitcoin Price Roars Back Above $87K, and Traders Scramble for Answers
The price of bitcoin and the myriad of other altcoins seeing massive gains has people excited. “Last time you’ll see Bitcoin under $100K?” the stock-to-flow (S2F) creator Plan B wrote on X on Monday. “Look at the October column. Uptober is loading,” the pseudonymous analyst added. What’s interesting is that September has historically been a rough month for bitcoin (BTC) prices, while October has more often delivered a green market.
The leading crypto asset has staged a powerful performance over the last week, crossing the 50-period weekly moving average (MA) before extending Monday’s intraday run to $87,374. The advance also ripped through a heavily watched $83,000 to $86,000 liquidation zone, forcing hundreds of millions of dollars in bearish positions out of the market. U.S. spot bitcoin exchange-traded funds (ETFs) recorded $433 million in net inflows on Friday, Sept. 18, while Strategy revealed Monday that it acquired another 950 BTC last week, lifting its enormous stash to 846,000 BTC.
Crypto Traders Ask the $90,000 Question
These forces have ignited a torrent of debate across social media, with people asking what sent bitcoin’s price rocketing higher, whether the momentum can hold, and just how much farther it might climb. One X user claimed this will be the last mega return on investment (ROI) crypto bull run. “This is the last mega ROI crypto bull,” the trader wrote on X. “You will never be able to 10-20-30x coins like you be able to here shortly ever again. This is it. The final glitch in the matrix. Perform,” the account added.
Meanwhile, altcoin fans expect another Altcoin Season and believe it could arrive imminently. “ALTSEASON 3.0 STARTS HERE,” another X account wrote on the social media platform. “OTHERS just broke a weekly downtrend from 2024. Every time this happens, alts go vertical. Lock in.” Presently, the Altcoin Season Index shows a score of 47, and it needs to tap 75 or higher to replace Bitcoin Season with Altcoin Season.
At the same time, while bitcoin’s price has jumped roughly 6% to 7% over the past 24 hours, a great deal of altcoins have registered even larger gains. Ethereum, solana, XRP and monero have moved higher alongside BTC, while several smaller crypto assets have posted double-digit increases during Monday’s session. Bitcoin’s $87,374 intraday price peak now puts the psychologically important $90,000 level squarely in view, although BTC remains roughly 31% below its Oct. 6, 2025, all-time high near $126,277.