By Nermeen Nabil Khear 
The post Bitcoin Bull Run Nears! Top Crypto Trader Predict BTC To Hit $100K appeared first on Coinpedia Fintech News
Bitcoin’s price has been up and down over the last three months, moving between $67K and $53K. Now, experienced investors think the long-awaited halving effect could finally bring this year’s biggest upward move. Meanwhile, Popular trader Miles even hints at a quick rise toward $100K—could this be Bitcoin’s final climb, or might it continue into 2025?
Bitcoin Steady Near $62K- Is 100k Next?
Bitcoin is holding strong around $62,000 as we enter the second half of October, a month that has often been good for the top cryptocurrency. This comes after an unexpected September, where Bitcoin rose 7%, reaching a two-month high of $66.5K. This positive move is rare for September, marking only the third time since 2013 that Bitcoin has seen gains in what’s usually a slow month.
Crypto trader Miles recently shared his view on the market, saying that after months of sluggish movement, he believes Bitcoin might be nearing the final stage of this bull run.
Current bull market view:
After many months of consolidation I’m sure most people are somewhat dejected with Bitcoin right now. However, my view remains that we are approaching the final leg of the bull market which should be the most volatile to the upside.
It has certainly… pic.twitter.com/9lo15EahQ8
— Miles (@JohalMiles) October 9, 2024
According to him, this last phase could be highly volatile, potentially pushing Bitcoin’s price to $100,000 by the end of the year. Miles attributes his confidence to signs like the Federal Reserve’s anticipated interest rate cuts and the performance of traditional assets, including stocks and bonds, which he believes could further boost Bitcoin’s rise.
The Unexpected End to Bitcoin’s Rally?
Miles, however, offers a unique viewpoint on the timeline. Unlike other traders who believe the bull market could extend well into 2025, fueled by new ETF narratives and changes in the U.S. political landscape, he sees these factors as potential signals that the rally may end sooner than expected.
In his words, the Fed’s rate cuts might serve as a cautionary indicator, suggesting that Bitcoin’s bull market may be reaching its peak rather than gearing up for prolonged growth.
Despite his belief in a shorter rally, Miles remains open to the possibility of Bitcoin continuing upward into 2025.
The post Bitcoin Bull Run Nears! Top Crypto Trader Predict BTC To Hit $100K appeared first on Coinpedia Fintech News
Bitcoin’s price has been up and down over the last three months, moving between $67K and $53K. Now, experienced investors think the long-awaited halving effect could finally bring this year’s biggest upward move. Meanwhile, Popular trader Miles even hints at a quick rise toward $100K—could this be Bitcoin’s final climb, or might it continue into …
This articles is written by : Nermeen Nabil Khear Abdelmalak
All rights reserved to : USAGOLDMIES . www.usagoldmines.com
You can Enjoy surfing our website categories and read more content in many fields you may like .
Why USAGoldMines ?
USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.