BTC 1 year outlook. 175k-200k target
Why would bitcoin 3x plus within a year?
Here is why:
1. Federal funds rate have started to drop as of yesterday. Bitcoin is considered a risk on asset. That means that if interest rates go down, investors sell their low ROI bonds to buy more risky assets to get higher returns, and Bitcoin flourishes in this environment
2. 6 month bull flag. Price is consolidating at all time high before the next big leg up
3. Bitcoin moves in 4 year cycles (until it doesn't) but for now, the peak of the current 4 year cycle should be towards the end of 2025. That is a another year of bullish momentum if history repeats itself thanks to Bitcoin halving cycle
4. We are at the same price as the last peak, yet there are many more large players ready/able to come into the space, including pension funds, ETFs, and governments
5. US government will keep on printing money until the end of time. Currently, both presidential candidates are ignoring the US deficit, and neither are trying to reduce spending to reduce the deficit. The more the US prints money, the more inflation, the more likely investors look for risky assets to store their wealth
6. Who will be selling? Either you believe in BTC or you don't, but people that do believe in BTC are not selling any time soon, while more and more people are starting to buy into the idea
Here is why:
1. Federal funds rate have started to drop as of yesterday. Bitcoin is considered a risk on asset. That means that if interest rates go down, investors sell their low ROI bonds to buy more risky assets to get higher returns, and Bitcoin flourishes in this environment
2. 6 month bull flag. Price is consolidating at all time high before the next big leg up
3. Bitcoin moves in 4 year cycles (until it doesn't) but for now, the peak of the current 4 year cycle should be towards the end of 2025. That is a another year of bullish momentum if history repeats itself thanks to Bitcoin halving cycle
4. We are at the same price as the last peak, yet there are many more large players ready/able to come into the space, including pension funds, ETFs, and governments
5. US government will keep on printing money until the end of time. Currently, both presidential candidates are ignoring the US deficit, and neither are trying to reduce spending to reduce the deficit. The more the US prints money, the more inflation, the more likely investors look for risky assets to store their wealth
6. Who will be selling? Either you believe in BTC or you don't, but people that do believe in BTC are not selling any time soon, while more and more people are starting to buy into the idea
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.