Bitcoin price is ready to collect to $ 150k by October, says Cooper Research

Bitcoin could rise to a price of $ 150,000 before the end of the year, according to a new report from Cooper Research.

The research agency predicts that the oldest cryptocurrency in the world could reach a price of $ 140,000 in September and sail to $ 150,000 as soon as possible, shows Friday. It’s climb “Seems inevitable”, while according to the analysts, investors cast huge amounts of funds in Bitcoin exchange funds.

“With different data statistics, Bitcoin seems ready for another important leg,” the analysts wrote.

The earlier findings of Cooper researchers that Bitcoin markets could ‘still hold’ this year to heat between $ 140,000 and $ 200,000, they added.

Bitcoin is ready to touch new highlights as Economic uncertainties are driving investors to park their money in risk-in-investments, including spot Bitcoin ETFs.

The Bureau of Labor Statistics reported this week that consumer prices were checked in June, so that the jitters of investors about the American economy were fueled. In the meantime, the Federal Reserve is reportedly ready to postpone the cutbacks at the interest at its meeting later this month, which will stagnate concern about the American economy. The central bank has not reduced rates since December. And the bond market also shows signs of suffering, which underlines the concern of investors about federal debt levels.

In the midst of those factors, the American Bitcoin ETFs have drawn more than $ 2 billion this week, making one of their best weeks since the fund the funds in January 2024 Greenlit.

According to the report, that inflow has a significant impact on Bitcoin’s price.

Bitcoin has gathered on average 1.8% for every 10,000 bitcoins added to ETF Holdings, the analysts said. This growing demand helped the price from Bitcoin to several new all -time high figures since the end of last week, with the current record just below $ 123,000, per data from Coentecko.

But although Bitcoin is ready to make enormous profit, it could quickly start acting in a less volatile way, the analysts noted.

‘With smarter capital that fades in the strings and lever -controlled retail mania in history, the price action of Bitcoin can now follow a more tempered path, “they said.