š A New Bull Era Incoming? September 21 Could Be Key š
š„
The Fedās latest 25 bps rate cut has shaken up the markets. Bitcoin $BTC spiked past $118,000 before pulling back, showing just how volatile things can get. šš
But hereās why many analysts remain bullish š
š¹ Historical Signal: Market strategist Timothy Peterson highlights that since 2011, Bitcoin has finished the year higher nearly 70% of the time after September 21, with a median gain of 50%. He even calls it āBitcoin Bottom Dayā, suggesting that the path forward could be bullish.
š¹ Past Bear Markets: The only major exceptions were in 2018 and 2022, both deep bear markets ā very different from todayās setup. Peterson estimates a possible 90% rally this year, with Bitcoin likely to stay above $100K long-term.
š¹ Fed Liquidity Boost: According to Bitgetās Ryan Lee, this was the first rate cut in 9 months, briefly pushing BTC over $117K. While only 50 bps of cuts are expected in total this year, increased liquidity still benefits risk assets like crypto.
š¹ Targets Ahead:
$123Kā$150K possible if more cuts follow.
$125Kā$135K by year-end (Bitfinex analysts), thanks to ETF inflows + institutional demand.
But ā ļø if inflation stays sticky, BTC could consolidate between $110Kā$115K.
š” With over $7.2 trillion sitting in cash-like products, the risk-on appetite could easily spill into Bitcoin and altcoins if momentum continues.
š Are we about to witness the next big leg up in this bull cycle? September 21 might be the turning point.
#FedRateCut25bps #StrategyBTCPurchase #Write2Earn #AltcoinSeasonComing $BTC $XRP
The Fedās latest 25 bps rate cut has shaken up the markets. Bitcoin $BTC spiked past $118,000 before pulling back, showing just how volatile things can get. šš
But hereās why many analysts remain bullish š
š¹ Historical Signal: Market strategist Timothy Peterson highlights that since 2011, Bitcoin has finished the year higher nearly 70% of the time after September 21, with a median gain of 50%. He even calls it āBitcoin Bottom Dayā, suggesting that the path forward could be bullish.
š¹ Past Bear Markets: The only major exceptions were in 2018 and 2022, both deep bear markets ā very different from todayās setup. Peterson estimates a possible 90% rally this year, with Bitcoin likely to stay above $100K long-term.
š¹ Fed Liquidity Boost: According to Bitgetās Ryan Lee, this was the first rate cut in 9 months, briefly pushing BTC over $117K. While only 50 bps of cuts are expected in total this year, increased liquidity still benefits risk assets like crypto.
š¹ Targets Ahead:
$123Kā$150K possible if more cuts follow.
$125Kā$135K by year-end (Bitfinex analysts), thanks to ETF inflows + institutional demand.
But ā ļø if inflation stays sticky, BTC could consolidate between $110Kā$115K.
š” With over $7.2 trillion sitting in cash-like products, the risk-on appetite could easily spill into Bitcoin and altcoins if momentum continues.
š Are we about to witness the next big leg up in this bull cycle? September 21 might be the turning point.
#FedRateCut25bps #StrategyBTCPurchase #Write2Earn #AltcoinSeasonComing $BTC $XRP
