#Opinion

📌 What’s next?

Analysts generally agree that the market will continue to grow. For example, Ali Martinez and Gert van Lagen believe that #Bitcoin could reach between $255,000 and $320,000 if it breaks the psychological level of $100,000 per coin.

💬 Confidence is further boosted by a recent survey from Sygnum, in which more than 400 professional market participants, each with an average of over 10 years of experience, took part. The results show that 57% of institutional investors plan to increase their crypto portfolios.

🗣️ The optimistic outlook for the market’s future is tempered only by Ki Young Ju, CEO of #CryptoQuant. He believes that by the end of the year, we should expect market overheating due to miner activity and high unrealized profits of leveraged traders, which could lead to a subsequent decline in #BTC to $60,000.

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📌 The Fed Chair dampened investor expectations by stating that further rate cuts may not happen. #Bitcoin immediately reacted with a drop.

Meanwhile, the market estimates a 60% probability that at the next Fed meeting in December, the rate will still be cut by 0.25%. Just last week, the probability was assessed at 76%.

ℹ️ It’s worth noting that additional factors influencing decisions on interest rates will include upcoming releases of unemployment and inflation data.

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