Bitcoin Has 70% Chance to Hit New ATH in 2 Weeks, Says Walter Bloomberg

Bitcoin Price

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  • Analysts see 70% chance of Bitcoin hitting new highs soon.
  • $3B in ETF inflows and Fed rate cut fuel bullish momentum.
  • Historical cycles suggest a $140K–$150K top by late 2025.

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Bitcoin is edging closer to uncharted territory, with analysts increasingly confident that new all-time highs could arrive within weeks. Market watcher Walter Bloomberg estimates a 70% chance that BTC will surpass its previous record of $124,000 soon, as optimism swells around surging ETF inflows and growing futures activity.

FED Rate Cut and ETF Inflows Fuel Optimism

The Federal Reserve’s first interest rate cut in nine months has injected fresh energy into risk assets, including Bitcoin. The move has pushed BTC toward $117,000, narrowing the gap to its record highs.

Institutional demand is also playing a key role. Bitcoin spot ETFs have absorbed about $3.04 billion in new inflows over the past two weeks alone. This surge signals renewed confidence among big investors, even as September has historically been a weak month for crypto markets. Bloomberg argues this trend points to the early stages of a larger rally rather than the final stretch of the current cycle.

Market Analysts See Two Near-Term Scenarios

Market researcher Axel Adler Jr. sees two likely short-term outcomes for Bitcoin: either a sideways consolidation phase or a steady step-by-step climb. He notes that a decisive close above $117,500 would strengthen the breakout case, reducing the risk of sharp pullbacks.

This aligns with the broader sentiment that Bitcoin is entering a more stable growth phase, where dips are less severe and price action becomes more orderly.

Also Read: Massive $4.9T Options Expiry Hits This Week — Will Bitcoin Explode or Crash?

History Hints at Higher Peaks Ahead

Long-term patterns also suggest more room to run. Past Bitcoin cycles have peaked roughly 1,064 days after each halving event. With the latest halving in April 2024, historical models place the next major top around late 2025—potentially in the $140,000–$150,000 range.

Momentum is building fast. Between the Fed’s dovish turn, robust ETF inflows, and supportive historical cycles, Bitcoin could soon rewrite its record books. While nothing is guaranteed, the pieces for a major breakout are falling into place.

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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.