Bitcoin Primed to Shatter ATH in 42 Days – Here’s Why Traders Are FOMOing

Bitcoin's ticking clock just got louder. The king of crypto is 42 days away from rewriting history—again.

Brace for impact

No fancy math, no hopium-fueled predictions. Just raw on-chain data pointing to an imminent supply squeeze that'll make 2021's bull run look like a warm-up lap. Liquidity? Evaporating faster than a meme coin's promises.

Wall Street's playing catch-up

While traditional finance debates 'digital gold' semantics, Bitcoin's doing what it does best—ignoring doubters and printing life-changing gains. The last institutional FOMO wave? A mere appetizer.

Warning: Past performance guarantees future banker tears

This isn't financial advice—it's a physics lesson. Scarcity + demand = price discovery. And the smart money? Already positioning while retail waits for CNBC's permission slip.

Bitcoin Price is gaining momentum, now only 4% shy of its all-time high, as a wave of Optimism sweeps through the crypto market. Spot Bitcoin ETFs in the U.S. attracted over $547 million in inflows on Wednesday, extending their winning streak to 12 consecutive days, a bullish signal backed by institutional demand.

But it’s not just ETF data fueling the rally.

Crypto Gets Major Boost from U.S. Housing Policy

In a landmark move, the Federal Housing Finance Agency (FHFA) has instructed Fannie Mae and Freddie Mac to recognize crypto assets when evaluating mortgage eligibility. This unprecedented step toward mainstream crypto adoption is being hailed as a long-term bullish catalyst for the industry.

Technical Setup Signals Bitcoin Breakout

Technically, Bitcoin is showing a strong V-shaped recovery, with its price hovering near $107,383, a key resistance level. A breakout above this zone could flip the market structure and pave the way to a new all-time high (ATH).

According to crypto analyst Ran Neuner, Bitcoin’s next ATH may arrive in just 42 days, driven by a steady upward climb rather than a sudden spike. He emphasizes that the recent global ceasefire has given financial markets the breathing room they needed, and bitcoin is leading the charge.

“The rally won’t be a single big green candle. It’s already happening gradually,” Neuner stated.

Jerome Powell’s Testimony Fuels the Bull Case

Another bullish driver? Federal Reserve Chair Jerome Powell’s recent testimony. Powell noted that the Fed might have already begun rate cuts if not for inflation risks stemming from Trump’s proposed tariffs.

Still, Powell confirmed that the Fed is on track for three interest rate cuts this year in July, September, and December. Lower rates often boost risk-on assets like Bitcoin, making this a critical green light for investors.

Dollar Weakens, Wall Street Cheers

Following Powell’s remarks, the U.S. dollar began to slide, another bullish signal for Bitcoin. Wall Street responded swiftly: the NASDAQ hit a new ATH, and the S&P 500 is on the verge of confirming a golden cross — a highly regarded bullish technical pattern.

Interestingly, historical data shows that Bitcoin tends to hit a new ATH around 41 days after the S&P 500 does. That correlation is now catching the eye of analysts who view this as a signal that Bitcoin’s next major breakout is already in motion.

Altcoin Season? Not So Fast

While Bitcoin looks poised for liftoff, most altcoins may not follow — at least not right away.According to Neuner, the altcoin rally will be selective, favoring tokens backed by institutional interest. A full-blown altcoin season is unlikely unless Wall Street throws its weight behind specific projects. He teases that a curated list of these high-potential altcoins will be revealed soon.

FAQs

Bitcoin’s rally is fueled by strong institutional demand, evidenced by $547M in U.S. Spot Bitcoin ETF inflows, and recent U.S. housing policy recognizing crypto for mortgages.

The FHFA’s directive for Fannie Mae and Freddie Mac to recognize crypto as mortgage assets is a landmark move, expected to significantly boost mainstream crypto adoption and integrate it into traditional finance.

Powell’s confirmation of three Fed interest rate cuts this year (July, Sep, Dec) is a bullish signal for Bitcoin, as lower rates typically boost risk-on assets.