Bitcoin violated a new all-time high over the weekend, motivating analysts to call for a fresh accumulation phase that could fuel the rally up to $ 150,000 before the end of the year.
Bitcoin (BTC) set a new all-time high above $ 125,700, and its market capitalization crossed the $ 2.5 trillion milestone for the first time in Crypto history, the cointolagraph stated on Sunday.
The rally was supported by several macroeconomic factors, including the recent US government shutdowns-The first since 2018-some analysts say that interest in bitcoin’s store-off-value role has been renewed.
In the past, according to Fabian Dori, Chief Investment Officer of Digital Asset Banking Group Signum Bank in similar situations, “major price milestones” have become.
Dori said the shutdown of the US government has renewed around the store-off-value role of bitcoin, as political dysfunction underlines interest in decentralized assets. “At the same time, the characteristic of a state of widespread atmosphere-dili liquidity, a service-led acceleration in the business cycle, and narrowing the underperformance relative to equity and gold relative to gold-digital assets,” he said, “he said.
However, the range of the government’s shutdown on the Crypto market will eventually depend on how it affects the perspective of the US Federal Reserve’s interest rate decisions, Nansen’s senior research analyst Jake Kenis told the coincellium.
Kenice said, “Crypto markets can benefit from a shutdown resolution if it reduces uncertainty and pushes the fed to a more dowish trend,” Kenice said.
While some analysts closed the government as a significant indication of a potential crypto market, Kenis stated that it would “have a premature call to call it under the local market,” because confirmation would require the stability of multiple wealth above the major support levels “.
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Bitcoin enters the new accumulation phase
Some analysts see the recent increase of bitcoin as a sign of a new accumulation phase by large institutions, as the onchain suggests a decline in selling pressure from the data whale.
“Market data indicates that current value action may be associated with an accumulation phase,” said Dori of Sygnym Bank.
“It seems easy to sell pressure from long -term holders, while short -term investors show symptoms of stabilization after a period of felt loss.”
He said that the duration of “cooling speculative activity and stable positions” has historically occurred before the important bitcoin rallies.
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Meanwhile, after the expiry of last week’s options, the open interest of bitcoin “rapid reset”, which can set the “platform” for the fourth quarter, According Blockchain data platform to block Glasnode.
Slowing the speculative activity can attract more attention to bitcoin, in the fourth quarter of 2025, a breakout analyst can be strengthened to $ 150,000, if the BTC may maintain their speed above the $ 120,000 psychological level, Charles Edward told cointelegraph on token2049.
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magazine: Bitcoin makes pressure up to $ 150k to see ‘another big emphasis’
