Bitcoin's Bullish Outlook As Liquidity Influx Looms

Cryptocurrency bull cycle still in progress

Bitcoin’s bull cycle is closely tracking a double-peak pattern, a trend last seen in 2013 and 2020. This pattern typically showcases two distinct bullish phases, where long-term holders experienced substantial profits at the peaks of both phases.

With the Federal Reserve set to cut interest rates in November, the size of the cut could be smaller than expected due to inflation, leading to short-term volatility. However, the overall trend is positive, suggesting another potential upward surge for Bitcoin by 2025.

As global interest rates continue to fall, an influx of liquidity into the market is expected in the coming months. While full liquidity may take some time to hit the market, early investor expectations are already driving the upward momentum. Analysts suggest that a long-term investment strategy focused on the broader cycle will likely yield better results than short-term speculation.

In other news, South Korea’s Financial Services Commission is discussing major regulatory measures, including permitting Bitcoin spot exchange-traded funds and allowing the opening of crypto exchange accounts. These moves could create substantial opportunities in the virtual asset market, adding to the bullish outlook for Bitcoin’s future.

The above is the detailed content of Bitcoin's Bullish Outlook As Liquidity Influx Looms. For more information, please follow other related articles on the PHP Chinese website!