Bitcoin Analysts More Bullish on Oct. 14 Than at Similar Stage of 2023 Rally

Bitcoin (BTC) analyst sentiment was more bullish on Oct. 14 than at a comparable point in the 2023 rally, when the asset had completed about half of its price gain.

In the Oct. 14 snapshot, 84% of 164 tracked analysts were bullish, up from 37% in July. Forty-seven analysts had shifted from bearish to bullish, while five moved the other way.

The bullish share among macro desks rose from 6% to 94%. On-chain analysts were the largest group, with 79% taking a bullish view. The overall reading was the highest since Aug. 2025.

The measure tracks analysts’ published calls. It does not capture every investor’s views or set a Bitcoin price target. A recent comparison of analyst sentiment across five crypto assets traced the July-to-October shift.