Bitcoin Price Prediction $140K: BTC Bullish Outlook Despite Market Correction Hitting ETH, XRP, SOL

Bitcoin maintains position near $122,000 during Wednesday's Asian trading session after achieving a record high of $126,200 earlier this week. Market analysts continue projecting a potential surge toward $140,000 by month-end, with economist Timothy Peterson indicating a 50% probability based on decade-long data simulations. BTC has gained nearly 10% since October began, historically among the strongest performing months for financial assets. This upward momentum stems from unprecedented ETF inflows and substantial Bitcoin withdrawals from centralized exchanges, where balances have plummeted to six-year lows at 2.83 million BTC. U.S. spot ETFs have accumulated over $60 billion since January 2024 approvals, including $3.2 billion last week alone. Despite recent 2% price corrections triggering 5-7% declines in major altcoins including Ethereum (ETH), XRP, and Solana (SOL), institutional demand and supply constraints continue supporting Bitcoin's bullish structure. Trading analysts note the path of least resistance remains upward during "Uptober" season, with S&P 500 optimism providing additional crypto market support. Market participants await crucial Federal Reserve decisions and macroeconomic data releases later this month, which will determine whether Bitcoin achieves its $140,000 target or faces consolidation. Current technical support rests at $125,000, bolstered by sustained ETF demand and whale accumulation patterns.