Bitcoin is predicted to rise to $ 100,000 in September

Bitcoin BTC $98,884.36 Bitcoin 2.81% Market capitalization $1.96 trillion VOL. 24 hours $6.29 billion has resumed growth in recent days, rising twice to $ 65,000, but yesterday the market leader fell to $ 59,000.

Cryptocurrency analysts believe that this trend was supported by several key factors. First, the hope for a recovery in the BTC price is fueled by confidence in an imminent reduction in the US Federal Reserve’s (Fed) interest rate, which causes a decline in the US dollar index and increases investor interest in risky assets such as cryptocurrencies.

Secondly, last week there was a significant inflow of funds into bitcoin ETFs, which supported the growth of the virtual coin’s value. This inflow indicates an increased market interest in crypto investment instruments.

Thirdly, positive trends in the traditional US capital markets could also have contributed to the rise in the price of BTC. Experts predict that if the growth continues, bitcoin could reach $ 66,000 this week.

Analysts also suggest that the price of bitcoin could reach $ 100,000 as early as September 2024, which further increases the interest in this cryptocurrency among investors.