Bitcoin Rockets Toward Record Highs in Stunning Short-Term Rally
Bitcoin's price action just went parabolic—again. The original crypto asset is defying gravity as it carves a vertical path toward all-time highs, leaving traditional finance clutching its spreadsheets.
The FOMO is real
Retail traders are piling in as institutional money starts flowing back into BTC ETFs. Meanwhile, Wall Street analysts who called it a 'dead asset' in 2023 are quietly recalculating their models.
Liquidity tsunami incoming?
With the Fed's potential rate cuts looming, crypto's notorious volatility might just be warming up. The last time BTC moved like this, it ripped through resistance levels like tissue paper.
The cynical take
Some hedge fund manager is definitely explaining this rally as 'a hedge against fiscal irresponsibility' while secretly liquidating his yacht to buy more.
$120,239 has nearly reached a short-term target of $125,000, peaking at $123,218. Bitcoin bulls have been driving the price towards key levels rapidly, despite a temporary decline below $120,000. Meanwhile, the cryptocurrency still maintains its strength. What is the ultimate target for Bitcoin, and why is DaanCrypto anxious? Also, what’s the projected value for ARB Coin? Here are all the answers.
ContentsBitcoin’s Expected Price TrajectoryCryptocurrencies and ARB Coin
Bitcoin’s Expected Price Trajectory
Currently, $120,000 is considered a reasonable peak for BTC within this cycle. However, significant institutional demand and regulatory developments suggest even higher possibilities. Dr. Andre Dragosch anticipates a loftier peak, referencing a historical model that has previously predicted market tops. He mentions that if the model and historical data serve as accurate guides, Bitcoin could reach $140,000 to $150,000 in a short time frame.
Additionally, factors such as a declining DXY and a rising M2 money supply could even push BTC to surpass $150,000. Despite the Fed’s cautious stance, other central banks have enacted the largest rate cuts since 2009, with the Fed likely joining them in September barring unforeseen circumstances.
Cryptocurrencies and ARB Coin
Ali Martinez recently highlighted ARB Coin’s rise toward new highs after bouncing from a channel. Should the momentum continue, it could indicate a target of $0.51, with subsequent goals set at $0.66.
In recent assessments, DaanCrypto expressed Optimism for a Bitcoin rally but remained guarded about the potential for altcoins. With ETH currently below $3,500, such caution appears warranted. How did today’s market performance stack up against recent all-time highs?
One of the major short-term risks is the market’s assumption that former President Trump’s aggressive tariff threats WOULD continue to be empty. While this has favored those reducing their positions since Independence Day, there might be a pivot driven by his ego and desire for reputation recovery, potentially causing market panic.
Rather than focusing solely on headlines, it’s crucial to watch for changes in tone and behavior, much like the workings of the Fed. Despite much talk, the real action taken is most telling. Regardless, bitcoin has outperformed stocks amid import tariffs drama and trade uncertainties, posing the greater implications for equity markets.
You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.