The post 70% Chance Bitcoin Could Hit Record Highs in Just Two Weeks appeared first on Coinpedia Fintech News
Top Financial news aggregator Walter Bloomberg believes that the leading cryptocurrency Bitcoin now has a 70% chance of reaching new all-time highs within the next two weeks.
With BTC trading near $117,000, optimism is rising as strong ETF inflows and growing futures activity hint at a bullish run ahead.
FED Rate Cut & ETF Inflows Strengthen the Bullish Case
TThe Federal Reserve’s first interest rate cut in nine months has boosted hopes for a Bitcoin bull run, pushing its price towards the all-time high of $124,000 as more money enters the market.
Adding to the optimism, Bitcoin spot ETFs have attracted nearly $3.04 billion in inflows over the past two weeks, showing that institutional interest remains strong despite a bearish September.
According to Walter Bloomberg, this surge in demand is a clear sign that Bitcoin could be at the start of a bigger rally,
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