Bitcoin to Reach $143,000: Promising Peak Scenario from Analysts!
Total investments in US money market funds have broken a new record, exceeding $6.2 trillion. The main reason for this increase was seen as expectations of an upcoming interest rate cut.
Kobeissi Letter summarized this situation in its August 25 X post as follows:
Most of the incoming funds are directed by institutional investors who are preparing their portfolios for Fed rate cuts. The high-interest period is ending.
Investors are expecting a rate cut at the Federal Reserve meeting on September 18. According to the latest data from the CME FedWatch tool, the probability of a 25 basis point rate cut is evaluated as 65.5%, and the probability of a 50 basis point cut is evaluated as 34.5%.
Bitcoin price target $143,000
These interest rate cut expectations could push Bitcoin’s price above $68,000. Popular analyst Titan of Crypto stated the following in his X post on August 24: “Bitcoin is moving towards the $68,000 target. BTC’s 18% rise continues,” he emphasized.
Bitcoin’s price could reach $95,000 after September.
According to popular analyst Mikybull, Bitcoin could move towards the $95,000 level based on technical formations on weekly charts. Mikybull stated the following in his X post on August 26: “Bitcoin looks ready for the final expansion phase (wave 5). Price targets of 95k and then 143k.”
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