CandleFocus Bitcoin May Peak Around $200,000 In Next 18 Months: CleanSpark CEO Tells Why
2024-09-30
Author: Content Editor
CleanSpark's CEO believes that Bitcoin could reach a peak of just under $200,000 in the next 18 months due to positive adjustments following the fourth halving in April 2024. He sees Bitcoin's extended flat period as a positive sign, indicating a sustained rally. He expects a considerable push in price post-election through January 2025 and believes the reduction in electoral uncertainty will increase confidence in risk-on assets like Bitcoin. The CEO also predicts that the US Federal Reserve may cut interest rates more aggressively in the next 15 to 16 months, leading to further BTC price appreciation. On the other hand, analysts caution that the recent Bitcoin rally accompanied by high open interest and increased derivatives trading may result in high price volatility. At present, Bitcoin is trading at $63,710, down 3.2% in the past 24 hours.
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