Bitcoin is going to $180,000, it's inevitable. David Battaglia

According to the trader and influencer, interest rate cuts and the devaluation of the dollar will boost the price of bitcoin.

Battaglia analyzed the current situation of BTC.

A perfect storm is being created for the increase in the price of bitcoin.

On September 18, the Fed could announce cuts in dollar interest rates.

"Don't be whiners," wrote the trader and influencer, David Battaglia, on his X account. His exhortation was in relation to the price of bitcoin, which, as anyone who is following the market knows, is not going through a good moment.

In the last week, BTC has approached $52,000. This is more than 20% below its historical maximum reached in March 2024, of $74,000.

But, for Battaglia, the bullish cycle of bitcoin is not over. The trader says:

Bitcoin is less than halfway through the cycle, according to the 2-year average, an indicator that I think is one of the most reliable to know where we are.

David Battaglia, trader and influencer.

The communicator accompanies

his statement with the following graph that illustrates his analysis.

Battaglia adds, "We only buy red candles; the green ones are for tourists." With this he means that when the price of bitcoin falls, taking into account bullish expectations, it can be considered a good entry point.

Regarding the low prices that bitcoin has been showing in recent days, the trader does not despair and encourages to continue that attitude:

Bitcoin is definitely giving a lesson in patience to people who are only looking for quick profits. This market has evolved a lot since I started in it 8 years ago. It is safer to invest now than in those years.

David Battaglia, trader and influencer.

For this reason, Battaglia assures that September, which historically is a bad month for bitcoin, as CriptoNoticias has shown, is the best month of the year. The investor adds that the Fed is going to lower interest rates, the dollar is going to devalue and the debt will continue.