en.bitcoinsistemi.com
The FED's 50 basis point interest rate cut decision has revitalized the global market as well as Bitcoin and cryptocurrencies.
Gold, which is seen as $BTC's strongest rival after the FED's decision, has increased by more than 5 percent in the last two weeks and broke a record by reaching $2,629 per ounce on September 23.
As the gold price reaches its highest level ever, crypto analysts are expecting Bitcoin to break a new record as well and are sharing their predictions on when the new $ATH could occur.
At this point, 10x Research founder and CEO Markus Thielen, who shared his bullish and $ATH prediction, claimed that $BTC would reach a new record level in the 4th quarter.
Stating that Bitcoin could follow the path of gold and live between October and March, Markus Thielen stated that the new $ATH could come by the end of the year.
Stating that a new record high will be seen before the end of 2024, Thielen said in a note to investors:
“Bitcoin’s 2024 performance once again followed seasonal patterns, just like in 2023.
Therefore, investors should expect a major breakout in Q4 2024, potentially reaching new all-time highs.”
Bitcoin, which rose to levels of $64,700, continues to be traded at $63,594 at the time of writing.
*This is not investment advice.