70% Chance Bitcoin Could Hit Record Highs In Just Two Weeks
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- With BTC trading near $117,000, optimism is rising as strong ETF inflows and growing futures activity hint at a bullish run ahead.
- According to Walter Bloomberg, this surge in demand is a clear sign that Bitcoin could be at the start of a bigger rally, rather than approaching its peak.
- Backing the bullish analysis, market researcher Axel Adler Jr.
What Happened
Top Financial news aggregator Walter Bloomberg believes that the leading cryptocurrency Bitcoin now has a 70% chance of reaching new all-time highs within the next two weeks.
FED Rate Cut & ETF Inflows Strengthen the Bullish Case
Adding to the optimism, Bitcoin spot ETFs have attracted nearly $3.04 billion in inflows over the past two weeks, showing that institutional interest remains strong despite a bearish September.
Market Context
With BTC trading near $117,000, optimism is rising as strong ETF inflows and growing futures activity hint at a bullish run ahead.
TThe Federal Reserve’s first interest rate cut in nine months has boosted hopes for a Bitcoin bull run, pushing its price towards the all-time high of $124,000 as more money enters the market.
Backing the bullish analysis, market researcher Axel Adler Jr. noted that Bitcoin’s price action suggests two possible paths in the near term: a period of sideways consolidation or a step-by-step uptrend.
Why It Matters
The post 70% Chance Bitcoin Could Hit Record Highs in Just Two Weeks appeared first on Coinpedia Fintech News
According to Walter Bloomberg, this surge in demand is a clear sign that Bitcoin could be at the start of a bigger rally, rather than approaching its peak.
While both scenarios imply stability rather than sharp drops, he noted that a strong close above $117,500 could confirm a breakout, lowering the risk of major pullbacks
History Suggests Bigger Peaks Ahead
Looking beyond short-term moves, Coinpedia’s report may provide clues about what comes next. After each halving, BTC has historically peaked roughly 1,064 days later:
Following the April 2024 halving, Bitcoin seems to be following this rhythm again. If history repeats, the next major top could arrive around late September or October 2025, potentially reaching $140,000–$150,000.
Details
Two Possible Paths for Bitcoin
2017: Bitcoin surged before crashing by 84%
2021: BTC hit $69,000 before sliding 77% to $15,000