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Famous CEO gave a date for the new ATH in Bitcoin and announced the peak level that BTC could reach!

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Fedwhich started to rise after the interest rate cut in September and challenged historical data for September. BitcoinNew ATH expectations continue to increase in .

While investors’ expectations of 100 thousand dollars are revived again CleanSpark CEO Zach Bradford said: He stated that he expects Bitcoin to reach a peak of just under $200,000 this cycle.

What is the New ATH Target for Bitcoin?

Speaking to Bernstein, CleanSpark CEO Zach Bradford said that he expects Bitcoin to reach a peak of approximately $200,000 in the next 18 months, according to The Block.

“Based on my current analysis, I believe we could see a peak in Bitcoin just below $200,000 within the next 18 months. This will probably be a peak.

I think we will see a rapid jump to the new ATH. I hope we will experience a long period of rise in Bitcoin before re-entering the bear cycle that will follow.

A positive sign for this rise and ATH target was Bitcoin’s long-term consolidation period. Long consolidation also indicates that the rise may last longer. “

Stating that this rise depends on macro events and other factors, the famous CEO added that the Bitcoin price has historically tended to be positively affected by halvings and US election cycles. “I think we will start to see a meaningful increase in Bitcoin prices by January after the election.” he said.

CleanSpark CEO also noted that November’s US presidential election BTC He said that it affected the price, but it was not about who won, it was about the end of the election.

Finally, Bradford stated that he thought the FED was a little late in reducing interest rates and that he expected the FED to be more aggressive and make more interest rate cuts in the next 15 to 16 months. Bitcoin He said it was a good sign for him.

*This is not investment advice.

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