Bitcoin, which has been on the rise following the FED's interest rate cut decision, rose above $65,000 yesterday for the first time since August 2. This rise strengthened rally predictions with the expectation of a seasonal increase according to historical data, while one analyst stated that a significant increase is likely to occur in the fourth quarter.

New ATH Expectation in the Short Term!

10X Research founder Markus Thielen emphasized that FOMO is back in the Bitcoin and altcoin markets and said, “There is a very high probability of a rally in the fourth quarter.” Thielen predicted that once Bitcoin passes $65,000, they expect a rapid move towards $70,000, after which a new ATH will be reached.

Altcoins Are Soaring!

Following the Fed’s September interest rate cut, Bitcoin gained 5%, while Ethereum (ETH) gained 11%. Thielen noted that altcoins such as ENA (54%), SEI (51%) and Shiba Inu (36%) made impressive gains, and that Bitcoin’s surpassing $65,000 triggered FOMO in the altcoin market.

Stressing that billions of dollars in inflows from Chinese OTC investors could bring about further increases, Thielen said, “There is a larger increase on the horizon and this could increase FOMO in BTC and altcoins.” SHIB, in particular, has become popular among South Korean investors this week and has peaked in trading volume in the last 24 hours. This situation sets the stage for a possible fourth-quarter rally.