Summary
- "Analysts say Bitcoin (BTC) is likely to set a new all-time high in Q4 this year."
- "Analysts pointed to net inflows into spot ETFs and the possibility of former U.S. President Donald Trump issuing stimulus checks as upside factors."
- "They stated that slowing inflation in the U.S. and the Federal Reserve's accommodative stance are strengthening preference for risk assets, and if macro indicators do not show unexpectedly strong performance, further gains are expected."
Bitcoin (BTC) continued its upward trend, briefly surpassing the $123,000 level, and analysts said it is likely to break its all-time high in Q4 this year.
On the 4th (local time), Bitfinex analysts told Cointelegraph, "It is very natural for Bitcoin to move toward an all-time high. The possibility of stimulus checks funded by tariff revenues proposed by U.S. President Donald Trump could also act as an upside factor," and they assessed that "net inflows into spot ETFs are also a clear bullish driver."
Analysts also forecast, "Slowing inflation in the United States and the Federal Reserve's (Fed) accommodative stance are strengthening preference for risk assets. If ETF inflows continue and macro indicators do not show unexpectedly strong performance, there is a high possibility of further record highs in Q4 this year."
Meanwhile, Bitcoin is currently trading on CoinMarketCap at $122,132.75, up 1.55% from the previous day.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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