**Bitcoin Forecast: A Decline is Expected**
Against the backdrop of positive news about the interest rate cut and Donald Trump's victory in the elections, the cryptocurrency market has experienced a surge. Many analysts predict Bitcoin’s growth through the end of the year, with potential levels ranging from $120,000 to $200,000, which is being viewed as a bullish market. However, it’s important to note that not all aspects of the situation are being fully disclosed.
The U.S. has still not managed to tackle inflation. Jerome Powell hinted that we should not rush into further rate cuts, which could mean that the rate will remain at its current level in December. I believe this is indeed the case.
In January, Donald Trump will take office as president. He has promised to create a Bitcoin reserve in the U.S., but at the same time, he intends to declare a trade war. If this happens, inflation will rise even further as imports will become more expensive, putting financial strain on ordinary Americans. In such a scenario, markets could spiral into chaos.
There is a belief that Bitcoin will help weather these upheavals, but this is a rather mistaken opinion. We have already seen how, in difficult situations, Bitcoin can drop just as much as any other asset.
The futures market is overheated, and soon the euphoria will subside. People will realize that more challenging times are ahead.
My forecast for Bitcoin: Next week, we can expect a decline or a correction. At this point, breaking the $100,000 level seems unlikely.
