Bitcoin has been fluctuating between $67K and $53K over the last three months. Experienced investors are hoping for a significant jump due to the long-awaited halving effect, with popular traders predicting a rise to $100K.

Current Bitcoin Status

Bitcoin is holding strong around $62,000 despite the unexpectedly positive results of September, during which the cryptocurrency rose 7% to $66.5K. October is typically a favorable month for Bitcoin, marking rare growth during this time of the year.

Surge to $100K: Traders' Expectations

Popular crypto trader Miles shared his view that Bitcoin is nearing the final stage of the bull market. He predicts that the price might reach $100,000 by year-end, citing anticipated Federal Reserve interest rate cuts and the positive impact of traditional assets.

Unexpected End to the Rally?

Miles also considers the possibility of an early end to the rally. Contrary to other traders who see the bull market extending into 2025, he views Fed rate cuts as a cautionary sign that Bitcoin's growth may be peaking.

While some traders suggest a short-term end to the rally, others see the potential for Bitcoin's growth to extend into 2025, considering political shifts and innovations in the ETF market.