🚀 Bitcoin broke $119,000 and is targeting $124,000

📈 Over the week, BTC has risen nearly 10% and on October 2 reached $119,509 on Bitstamp. The last minimum was $108,676, after which a confident upward movement began.

🔍 Analyst opinions:

Trader Roman believes a slight pullback is possible, but indicators (RSI, MACD, volumes) indicate the strength of the trend. The target is $124,000 in the coming days. 💪

Crypto Candy notes that BTC has consolidated above $116k–$118k. The next target is $123k–$124k (the historical maximum zone). 🎯

Michael van de Poppe: the trend remains upward, dips = opportunities for purchases. 🛒

🪙 Altcoins:

According to Daan Crypto Trades, the total market capitalization of altcoins is testing the 2021 maximum. A breakthrough and consolidation above is needed for an "altseason" 📊.

🌍 Macro economy:

📊 The S&P 500 index has risen by 39% from the April minimum.

📉 Expectations for Fed rates: 88% for two new cuts in 2025. The probability of a cut already in October is 100%.

⚡ Conclusion: strong breakout + soft monetary policy from the Fed creates a foundation for further growth of BTC and altcoins. We are watching for consolidation above $116,000 and movement towards $124,000. 🚀

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