๐ Bitcoin Eyes Boost โ Wall Street Rally Ignites Bullish Outlook ๐
After briefly dipping under $115K, Bitcoin has resumed its climb following the Fedโs rate cut. Analysts now see a strong chance of a new ATH within weeks.
๐ Market analyst Axel Adler notes BTC futures trading above spot, with the 7-day basis topping the 30-day average โ 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 โUptoberโ for BTC.
๐ Historically, after S&P 500 ATHs, Bitcoin surged +12% in 30 days and +36% in 90 days, suggesting possible targets of $131Kโ$178K.