$Bitcoin(BTC.USD.CC)$ has been consolidating under 110k for the last 9 months and finally broke out this month. As of now we already test 120k and looks like we are in route to testing 150k in the coming weeks. One thing to note, after something bases for such a long period of time it is very likely to have a major rally to the upside. So this move higher looks like just the beginning.
Key Catalysts Driving the Surge:
1. Spot Ethereum ETF Approval: Following Bitcoin's ETF success that drew billions in institutional money, Ethereum's spot ETF greenlight could spark a halo effect, boosting demand and excitement for Bitcoin too.
2. US Presidential Election and Q4 Rate Cuts: With the 2024 election behind us, ongoing volatility lingers; add potential Federal Reserve rate cuts in late 2025, weakening the dollar and positioning Bitcoin as a prime hedge against economic and political risks.
3. Brewing Institutional FOMO: Even after the rally, big players like hedge funds, sovereign wealth funds, and pensions have only dipped their toes in. A major allocation wave could trigger fresh price discovery.
4. Post Halving Supply Shock: The April 2024 halving slashed daily Bitcoin issuance by half, and its full impact is unfolding now with tighter supply meeting rising demand, naturally pushing prices upward.
5. Expanding Global Liquidity Trends: Central banks worldwide are easing policies, increasing liquidity and lowering real yields, environments where Bitcoin historically thrives as a risk on asset.
If $BTC can break above 127k the probability of seeing a parabolic rally is extremely high. The move we are expecting by year end is 250k which a couple of years ago seemed impossible to many!
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