Bitcoin up to $ 140k by the end of the month? Bullish expects to stay even when Tuesday’s drop sends ETH, XRP, Sol Down 5%

Bitcoin holds around $ 122,000 in Asian hours of Wednesday after setting a record high at $ 126,200 earlier this week, with some market observers still relying on a recording of a record of $ 140,000 later this month.

Economist Timothy Peterson said in an X post Tuesday that Bitcoin has a 50% probability of up to $ 140,000, citing data -based simulations from the past decade.

“There is a 50% chance that Bitcoin has completed the month above $ 140K,” Peterson said in an X post on Wednesday. “But there’s a 43% chance that bitcoin ended below $ 136k.”

BTC has climbed nearly 10% since the beginning of October, which has become one of the most one of the most Bullish periods for all financial possessions. The move is driven by ETF inflows records and the discharge of coins from centralized exchanges.

Balances of exchange dropped to a six -year -old btc, with 170,000 coins withdrawn last month. The mixture of stable institutional purchase and supply retardation is continuously superficial. Listed areas listed in the US added more than $ 60 billion from approval on January 2204, with $ 3.2 billion last week, the second largest weekly drinking recorded.

Note trading desks that the path of at least resistance is still higher as “UPTOBER” is playing. Besides, the perspective for the S&P 500 remains constructive, supporting the Bull case at BTC.

“Market options have priced a feral 5% chance for another 10% SPX rally at the end of the year, and it is especially difficult to find a negative catalyst to prevent that perspective,” said Augustine Fan, head of views on Signalplus, said in a telegram message. “We saw a little brief extermination at a recent interval, which suggests participants weighing with minimal exposure to risk.”

However, optimism is not at risk.

“The crypto market has navigted a delicate balance between strong technical support and significant macroeconomic uncertainty,” said Nick Ruck, director of LVRG Research. “The trends in the accumulation and demand of the institution have pushed prices to new highs, but the optimization is still exposed to surprises from the Fed.”

Lack of new data release to the economy due to the US government’s continued shutdown has removed investors the critical insights needed to make fresh provision. Some observers remember that lack of new data, especially inflation, can prevent fed from cutting rates.

When FOMC’s revenues arrive and 7 will be 7 this month, the data will collapse into a market expanded and leaning bullish. That will decide whether the next move is a clean run at $ 140,000 or a reset lower.

The BTC rally has stopped in the past 24 hours, thanks for getting the income. Prices dropped by more than 2%,, which reduced a run-up since Sunday and pulled XRP, Solana’s Sol, Ether Eth$4,457.54 And Cardano’s Ada is about 7%.

The BNB Chain’s BNB stands with 1.5% acquired at the same time, the united balloon in green as its underlying ecosystem finds a fuzzy fresh activity.

My Lens: The battle line is $ 125,000. ETF demand and whale removal give the bulls pillow, but the quiet from the macro will not last.