Bitcoin’s price soared past $125,000 to a new all-time high (ATH), driven by optimistic bets fueled by the Polymarket platform. The cryptocurrency, currently trading at $125,304.80 as of 12:55 a.m. EST, has experienced a 13% surge in the past week alone. Traders on Polymarket believe Bitcoin’s price could reach $130,000 this month. The platform sees a 94% chance of achieving this milestone this October, with a significant majority betting on an increase to that level. This bullish outlook is further bolstered by historical trends – since 2013, October has consistently been a positive month for Bitcoin’s price. Past Octobers have seen gains exceeding double-digit percentage points, and even in 2023, Bitcoin made notable gains during the month.