bullish

FOMC

United

Bitcoin

strong bull

Following the resounding victory of <a href="https://coinpedia.org/news/donald-trump-wins-2024-us-election-crypto-voters-play-a-key-role-in-victory/" target="_blank" rel="noreferrer noopener">pro-crypto candidates</a> in the United States Senate, House of Representatives and the POTUS, <a href="https://coinpedia.org/news/bitcoin-all-time-high-broken-effect-of-us-election/" target="_blank" rel="noreferrer noopener">Bitcoin (BTC) price has gained</a> notable bullish momentum. The next United States administration's high expectations have significantly shifted the cryptocurrency market's dynamics around the market.&nbsp;   
In the past 24 hours, the total cryptocurrency market cap has gained around 2.2 percent to hover at about $2.66 trillion on Thursday, November 7 during the early Asian session. Ahead of the highly anticipated FOMC data on Thursday, Bitcoin price printed a new all-time high of about $76,243 earlier today, before retracing to $75,386 at the time of this report.   
<h2 class="wp-block-heading" id="h-analyst-target-for-bitcoin-in-the-coming-months">Analyst Target for Bitcoin in the Coming Months</h2>   
In a <a href="https://x.com/ali_charts/status/1854283514273050638?s=46" target="_blank" rel="noreferrer noopener nofollow">recent tweet, Ali Charts</a> discusses a historical trend observed in Bitcoin's market behavior. Historically, Bitcoin has tended to reach its market peak around 8 to 12 months after surpassing its previous all-time high on a monthly closing basis.   
 This pattern suggests that once Bitcoin achieves a new monthly close above its last record high, it typically rises for several months before reaching a new top. If this historical trend persists, it implies that the next significant peak for Bitcoin could occur between July and November 2025.   
According to a <a href="https://x.com/peterlbrandt/status/1854280831969231109?s=46" target="_blank" rel="noreferrer noopener nofollow">popular trader Peter Brandt</a>, Bitcoin price is on the verge of an explosive rally towards the cycle top between $130k and $150k by August or September. Moreover, the weekly and the monthly <a href="https://coinpedia.org/traders/what-is-relative-strength-index-rsi/" target="_blank" rel="noreferrer noopener">Relative Strength Index</a> (RSI) are on the cusp of rallying beyond the 70 level, suggesting the bulls are in control.   [post_titles_links postid="376856"]   
According to Bitwise CIO Matt Hougan the crypto market is entering il the golden age, which will be characterized by more cash inflows, adoption, and a strong bull market for years to come. The epitome of the recent shift will be the anticipated creation of a strategic Bitcoin reserve in the United States, amounting to 1 million coins.   
As Bitcoin continues its rally, analysts are optimistic about its future. This upward trend fuels the latest <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noreferrer noopener">bitcoin price prediction</a>, with projections pointing to new highs within the next bull cycle.

Bitcoin Price Prediction : Here’s When BTC Price Expected To Hit $150k

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