đ Bitcoin Eyes Boost â Wall Street Rally Ignites Bullish Outlook đ
After briefly dipping under $115K, Bitcoin has resumed its climb following the Fedâs rate cut. Analysts now see a strong chance of a new ATH within weeks.
đ Market analyst Axel Adler notes BTC futures trading above spot, with the 7-day basis topping the 30-day average â a bullish signal. Rising prices, growing open interest, and balanced STH MVRV Z-scores further support momentum.
Adler expects short-term consolidation before a powerful breakout, calling October a potential âUptoberâ for BTC.
đ Historically, after S&P 500 ATHs, Bitcoin surged +12% in 30 days and +36% in 90 days, suggesting possible targets of $131Kâ$178K.
#FedRateCut25bps #BitcoinETFs! #AltcoinSeasonComing $BTC
BTC
68,945.37
+4.78%
ETH
2,057.05
+6.91%
XRP
1.4095
+4.10%