Someone asked if the BTC would reach a new high if the Federal Reserve cuts interest rates in June or July. It's hard to say for now; first, whether they will cut rates is uncertain. If inflation unexpectedly rises from April to June, it’s over, and we can basically confirm that 110000 is the highest point of this cycle. If interest rates are cut as expected in June-July, then there may be another pump from August to November, but reaching a new high would require breaking through 107000. In the last bull run, the highest point before May 19 was around 60k, and the peak in the latter half of the cycle was only a few thousand points higher. The ideal scenario would be similar to the trend from 73300 to 100k, where it breaks and stabilizes at a new peak before pumping out another 30k points. However, speculation is always speculation. The market consensus is that the peak will be capped in the second half of the year, so there’s no need to chase the top. For most people right now, just surviving the next few months would be quite good.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Someone asked if the BTC would reach a new high if the Federal Reserve cuts interest rates in June or July. It's hard to say for now; first, whether they will cut rates is uncertain. If inflation unexpectedly rises from April to June, it’s over, and we can basically confirm that 110000 is the highest point of this cycle. If interest rates are cut as expected in June-July, then there may be another pump from August to November, but reaching a new high would require breaking through 107000. In the last bull run, the highest point before May 19 was around 60k, and the peak in the latter half of the cycle was only a few thousand points higher. The ideal scenario would be similar to the trend from 73300 to 100k, where it breaks and stabilizes at a new peak before pumping out another 30k points. However, speculation is always speculation. The market consensus is that the peak will be capped in the second half of the year, so there’s no need to chase the top. For most people right now, just surviving the next few months would be quite good.