Bitcoin at $ 140,000 by the end of the month? Haussiers hopes remain even if Tuesday drops eTH, XRP and 5 % soil

Bitcoin holds approximately $ 122,000 in Asian hours after reaching a record at 126,200 dollars earlier this week, some market observers still expect an increase until a record of 140,000 dollars later this month.

Economist Timothy Peterson said in an article X on Tuesday that Bitcoin was likely to reach $ 140 %, citing simulations based on the last decade.

“There is a 50% chance that Bitcoin ends the month above $ 140,000,” Peterson said in an article X on Wednesday. “But there are 43% chance that Bitcoin ended below $ 136,000.”

The BTC has increased by almost 10 % since early October, which is historically one of the highest. Handy periods for all financial assets. This decision was motivated by Record ETF influx and an exodus of parts of the centralized scholarships.

The exchange sales fell at their lowest level in six years, at 2.83 million BTC, with 170,000 pieces withdrawn last month. This mixture of constant institutional purchases and reduction of the offer maintained the folds at a shallow level. ETPRs in cash listed in the United States have added more than $ 60 billion since their approval in January 2204, including $ 3.2 billion last week, the second largest weekly contribution ever recorded.

Negotiation desks note that the lower resistance path is even higher as “uptober” takes place. In addition, the prospects of the S&P 500 remain positive, supporting the bruise of the BTC.

“The options of options integrate a fierce probability of 5 % for a new increase of 10 % of the SPX by the end of the year, and it is increasingly difficult to find a negative catalyst to thwart this point of view,” said Augustine Fan, responsible for analyzes at Signalplus, in a Telegram message. “We attended little liquidations uncovered during the recent bullish gap, which suggests that the participants are underpanded with minimal risk exposure.”

However, this optimism is not without risk.

“The cryptography market is evolving in a delicate balance between solid technical support and significant macroeconomic uncertainty,” said Nick Ruck, director of LVRG Research. “Accumulation tendencies and institutional demand have propelled prices to new summits, but optimism remains exposed to Fed’s surprises.”

The absence of new economic data due to the current closure of the United States government deprives investors of the essential information they need to make new allowances. Some observers fear that the lack of new data, especially on inflation, does not prevent the Fed from reducing its rates.

When the results of the FOMC and Mag-7 will arrive later this month, the data will collide with an already extensive and rather bull market. This will decide whether the next movement is a race specific to $ 140,000 or an even lower reset.

The BTC rally stopped in the past 24 hours, thanks to profits. Prices have dropped by more than 2%, erasing an increase since Sunday and lowering the XRP, Solana soil, ether. Ethn$4 005.03 And the Cardano ADA decreases up to 7 %.

The BNB Chain BNB stands out with 1.5 % gains during the same period, the lone wolf in the green while its underlying ecosystem is experiencing a wave of new activities.

My goal: $ 125,000 is the battle line. ETF’s request and the withdrawals of whales give the bullish cushion, but macroeconomic calm will not last.