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<p>Bitcoin is showing signs of a potential rally by the end of 2024, according to a recent report from <a href="https://x.com/10x_Research/status/1838064569698385934" rel="noopener noreferrer nofollow">10x Research</a>. With macroeconomic factors and seasonal patterns aligning, experts anticipate significant price movement for the cryptocurrency in the coming months.</p><h3 id="key-drivers-behind-bitcoin-39-s-bullish-momentum">Key Drivers Behind Bitcoin&#39;s Bullish Momentum</h3><p>The report highlights several factors that could trigger a surge in Bitcoin&#39;s price, with a particular focus on the upcoming <a href="https://x.com/FTX_Official/status/1835694013015261189" rel="noopener noreferrer nofollow">FTX payout</a>. The anticipated inflow of $5–$8 billion into the market from this payout could inject fresh liquidity into Bitcoin, sparking positive sentiment across the cryptocurrency landscape.</p><p>Markus Thielen, the founder of 10x Research, explained the significance of the <a href="https://icogemhunters.com/bitcoin-skyrockets-as-fed-slashes-rates-will-70k-be-next/" rel="noopener noreferrer nofollow">U.S. Federal Reserve&#39;s</a> recent policies, especially the potential for further interest rate cuts. These factors, including the so-called &#34;Fed put,&#34; could motivate investors to reposition their portfolios in anticipation of future growth, particularly as we approach 2025.</p><h3 id="seasonal-patterns-and-historical-trends">Seasonal Patterns and Historical Trends</h3><p>Historically, Bitcoin tends to perform well between October and March. The report speculates that this seasonal trend could repeat in 2024, especially as it mirrors patterns from past bull market cycles in 2014, 2017, and 2021. Despite recent market volatility, Bitcoin&#39;s price movements have followed similar seasonal trajectories this year.</p><p>As of now, Bitcoin is trading near $63,577, but analysts predict that the price could break out significantly if these trends hold. A key price target remains the all-time high of $68,330, with many watching for signs that Bitcoin could surpass this level by year’s end.</p><h3 id="potential-risks-and-cautions">Potential Risks and Cautions</h3><p>While the potential for a Bitcoin rally is high, the 10x Research report also urges caution. Despite positive indicators, Bitcoin has a history of major drawdowns—up to 70% in previous market cycles. Investors are advised to manage their trades carefully around critical price levels, especially as the market could experience increased volatility.</p><p>Additionally, gold, another risk-off asset, has seen significant gains amid geopolitical tensions and the Fed&#39;s recent interest rate cuts. Gold reached an all-time high of $2,629 per ounce, further fueling predictions that Bitcoin could follow a similar upward trajectory.</p><h3 id="conclusion">Conclusion</h3><p>With the FTX payout, Fed policies, and historical patterns all playing a role, Bitcoin appears to be positioned for a potential end-of-year rally. However, investors are urged to keep a close eye on macroeconomic conditions and manage risks effectively as the cryptocurrency market remains unpredictable.</p><p></p><p><em><strong>Disclaimer:</strong> This article is intended for informational purposes only and should not be construed as legal, tax, investment, financial, or any other form of advice.</em></p><p></p><p><em>Source: </em><a href="https://icogemhunters.com/bitcoins-path-to-70k-fed-shifts-and-ftx-payout-could-make-it-happen/" rel="noopener noreferrer nofollow">ICO Gem Hunters</a></p>

Bitcoin's Path to $70K? Fed Shifts and FTX Payout Could Make It Happen

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