Bitcoin is about to break the record because Wall Street finally understands where to invest
Several events have occurred in the market that could send the price of Bitcoin to new heights. And it seems that this time, very serious players will help the crypto bulls. Analysts are already betting that a new historical maximum is just around the corner — only 2–3 weeks of waiting.
Two reasons for optimism
Magical gap closure. Bitcoin has just done what it does best: closed the 'gap' on the Chicago Mercantile Exchange (CME) futures. This gap, remaining since August 23, was closed when the price reached $117,320. According to crypto investor Ted Pillous, this opens doors to new records. But there is one 'but': if the price cannot hold this level and turns it into resistance, we risk sliding down to $108,000.
Money rain from institutions. While we watch the charts, large funds are not wasting time. According to Farside Investors, American spot ETFs on Bitcoin attracted more than $2.3 billion in the five days leading up to September 12. This is the clearest signal: institutional demand is rising, and this is not just a 'coincidence'. Expert Kit Alan is confident that with such a volume of money, $124,500 is definitely not the ceiling.
Perfect storm: The Fed is approaching
Kit Alan also mentioned that, according to CME Group’s FedWatch Tool, the probability of a rate cut by the Fed on September 17 is 100%. This means that money from 'boring' assets could flood into the crypto market, and then, according to him, it will 'get really hot'.
Forecasts from the 'bulls'
Popular trader BitBull believes that a new ATH could happen in 2–3 weeks, as Bitcoin has returned above the key eight-year trend line that it briefly lost in August.
Famous analyst Rekt Capital also agrees that the peak of the bull cycle is still ahead, citing historical patterns.
In general, while experts and institutions make their bets, the market is preparing for a big move. And it seems that this will be a move upwards.
