A significant surge in Bitcoin's value is anticipated to commence this autumn.
In a potential boost for cryptocurrency enthusiasts, the second phase of the Bitcoin rally might occur in September or October, following the pattern of previous Bitcoin cycles. This prediction was first published in the print edition of BÖRSE ONLINE.
The article suggests a potential upside for Bitcoin, but does not specify any specific factors that could ignite the second phase of the rally. One possible catalyst could be a potential interest rate cut by the US Federal Reserve, scheduled for its next meeting on September 18.
Interest rate cuts tend to benefit risk assets without yields, such as Bitcoin or gold, making them more attractive in the market. This could lead to a surge in Bitcoin prices, as observed during periods of substantial dollar decline.
The US Federal Reserve's expected interest rate cut could also favor Bitcoin due to the falling US Dollar Index, which measures the value of the dollar against the six major Western currencies.
Boerse Medien AG, the publisher of BÖRSE ONLINE, holds the rights to an index for Bitcoin, from which the price of Bitcoin is derived. The company has entered into a cooperation agreement with the issuer of Bitcoin, granting the issuer a license to use the index. However, it's important to note that Boerse Medien AG receives remuneration from the issuer of Bitcoin in the context of this cooperation agreement.
The article does not disclose any conflict of interest for the writers or editors of the article. Nevertheless, it's worth mentioning that Mr. Leon Mueller, the management of the publisher Boerse Medien AG, and Mr. Bernd Foertsch, the CEO and majority shareholder of the publisher, have acquired positions in Bitcoin.
Meanwhile, most of the over 140,000 Bitcoin distributed from the insolvency estate of Mt.Gox to creditors have been distributed. The beneficiaries of the Mt.Gox Bitcoin distribution are unlikely to sell quickly, which could potentially stabilize the market around the $100,000 to $108,000 range throughout 2025, with an expected average trading around $104,000.
Future bullish technical signals are anticipated through late 2025, possibly reaching approximately $119,679 by October 2025. However, it's essential to remember that these predictions are based on assumptions and are not guaranteed.
Recent events, such as the sale of 50,000 confiscated Bitcoin by the BKA and the market's quick recovery, indicate a resilient Bitcoin market.
Political proposals also suggest that the over 210,000 Bitcoin confiscated by US authorities should not be sold, but rather held as a kind of reserve currency. This could further support the Bitcoin market and potentially contribute to the second phase of the rally.
As always, it's crucial for investors to conduct thorough research and consider their risk tolerance before making any investment decisions.
