CandleFocus Two Analysts Claim Bitcoin Price Could Break Record This Week – Here are the Details
2024-09-30
Author: Content Editor
Bitcoin investors are anticipating a promising week as analysts suggest that Bitcoin could reach new record levels. October has historically been a bullish month for cryptocurrencies, and Bitcoin has historically gained around 90% in the fourth quarter. Market conditions are conducive for a major rally, leading experts to believe that new all-time highs are on the horizon. The most traded options on Deribit indicate strong market optimism for Bitcoin surpassing $100,000 by the end of December. The bullish sentiment is fueled by China's economic stimulus measures and the upcoming moves by the US Federal Reserve. Bitcoin saw a 5% increase following China's recent initiatives, reaching its highest level since July. Investors are also paying attention to upcoming speeches by Fed Chairman Jerome Powell and the latest US employment data.
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