Bitcoin has managed to attract the attention of investors by experiencing significant fluctuations. These volatile movements, which have been moving in a wide range between $ 67,000 and $ 53,000 in the recent period, are in line with the nature of the cryptocurrency market, but could these ups and downs be a sign of an upcoming major bull run? Experienced investors and market analysts say that Bitcoin$BTC
They are closely monitoring its performance this year and believe that the halving event, which took place a few months ago, could have a decisive impact on the price. Halving means that Bitcoin miners' rewards are cut in half, and historically, significant price increases have been observed after each halving. However, this year, the halving effect has not yet initiated the expected upward movement.
Popular cryptocurrency trader Miles has attracted attention by claiming that Bitcoin could rise rapidly to $100,000 in this bull market. Miles carefully analyzes market data and states that we may be in the final stages of this rise. However, an important question arises: Is this rise in Bitcoin a peak or a long-term rally? Miles expects a sudden rise in the short term; unlike other analysts who predict that this could be the beginning of a growth process that could continue until 2025 for Bitcoin, he signals that the rally could end earlier.
September is typically a quiet month for the crypto market, but it’s rare for Bitcoin to gain value during this month. Historically, this is only the third time since 2013 that Bitcoin has gained value in September, which is a positive sign for the market. October has historically been a strong month for cryptocurrencies, raising expectations that Bitcoin could continue its upward trend in the near term.
According to Miles’ analysis, the positive momentum on the market could be further supported by the Federal Reserve’s upcoming interest rate cut decisions. Traditional financial assets, especially stocks and bonds, tend to gain value with such policies; therefore, alternative assets such as Bitcoin are also likely to benefit from this process and rise. Miles, while drawing attention to the impact of the performance of traditional assets on Bitcoin, believes that movements in these asset classes will support Bitcoin’s bull market. It is thought that the interest rate cut will create more liquidity in the market and this liquidity may be directed to high-yielding assets such as Bitcoin.
However, Miles’ view differs from other analysts. While a significant portion of the market believes that Bitcoin will enter a long-term uptrend that will last until 2025, Miles is skeptical of this view. According to him, Bitcoin’s peak may occur earlier than expected. He associates this situation with both the Fed’s possible interest rate cuts and changes in the political environment in the US. New regulations and political developments in the US in particular can have positive or negative effects on the cryptocurrency market. According to Miles, these factors may signal an early end to the rally.
Still, Miles leaves the door open for Bitcoin to continue its rise until 2025. While he doesn’t completely rule out the possibility of a long-term bull market, he warns that volatility in the near future could catch investors off guard. Therefore, investors are starting a period of caution. Bitcoin price fluctuations can create both huge profit opportunities and unexpected losses. According to Miles, determining the right strategy in the Bitcoin market becomes even more critical during such volatile periods.
As a result, Bitcoin’s price movements and market expectations continue to be shaped by many factors. It is important for investors to determine their strategies by considering the halving effect and global economic developments. While Bitcoin’s potential to reach $100,000 is being discussed, the volatile structure of the market also shows that it is open to unexpected surprises.
