When Will the Next Bull Run for $BTC Begin 🐃
The next crypto bull market is expected to be on the horizon, with the Federal Reserve initiating quantitative easing during Wednesday’s FOMC meeting. While the official decision from the Fed hasn’t been released yet, experts anticipate that the rate cut’s size may not have a significant long-term impact. Though the market is currently factoring in a 50 basis point (bps) cut, even a 25 bps cut is seen as positive for risk assets like cryptocurrencies.
Bitcoin has already seen a 7% price increase over the past week, and many experts remain optimistic about future growth. Meme coins such as First Neiro on Ethereum, Baby Doge Coin, and Memebet Token are also showing potential for a rally, attracting attention from investors.
Short-Term and Long-Term Bitcoin Price Predictions
Financial experts are divided over the outcome of today’s FOMC meeting. Barclays anticipates a 25 bps rate cut, while JPMorgan expects a more aggressive 50 bps cut. Market data from CME FedWatch indicates that the larger cut is more likely, which could make the FOMC decision a positive event for risk-on assets like Bitcoin.
Bitcoin’s price has recently dropped 3% leading up to the meeting, but savvy investors view this as a buying opportunity. Regardless of the Fed's exact rate cut, the CME FedWatch suggests that a total decrease of 100 to 150 bps is on the horizon. This reduction will make borrowing cheaper for institutions, providing a bullish outlook for the cryptocurrency market. Recent inflows of $250 million into Bitcoin spot ETFs highlight growing institutional interest.
Michael van de Poppe of MN Trading forecasts Bitcoin’s price could rally to between $65,000 and $68,000. Longer-term predictions from Henrik Zeberg, Head Macro Economist at Swissblock, suggest Bitcoin may peak between $115,000 and $123,000 in this cycle.
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