Key Insights:
- According to Alphractal CEO’s Bitcoin price prediction, BTC cycle top could arrive within weeks.
- Bitcoin ETF demand could outpace the supply of miners.
- The crypto market eagerly awaits the Federal Open Market Committee (FOMC), with markets expecting a 0.25% Fed rate cut.
The investors are closely watching the Bitcoin price prediction this week, especially with soaring optimism over a potential Fed rate cut today.
Many analysts pointed to favorable macro conditions as a supportive backdrop for BTC USD, gaining attention from market watchers.
Despite this, traders remain divided on whether these factors will be enough to push Bitcoin toward new price highs. Discover the top 5 things to know about Bitcoin price this week.
Bitcoin Price Prediction: Cycle Top is a Few Weeks Away
In the latest Bitcoin price prediction discussions, the debate over where BTC’s current bull run will peak is intensifying. Some traders argue that BTC price will stall near $124,500 until the next cycle, while others expect one more push into uncharted territory.
Joao Wedson, founder and CEO of crypto analytics platform Alphractal, pointed to his widely followed forecasting model as evidence that the rally isn’t over.
His Max Intersect SMA tool, which combines simple moving averages with algorithmic analysis to identify market tops, has yet to signal a peak.
According to Wedson’s Bitcoin price prediction, BTC USD peak could arrive within weeks, with charts projecting a potential target near $140,000.
Comparisons with past bull markets suggest that Bitcoin’s peak may not arrive before October. Historical trends continue to shape expectations for how this cycle could unfold.
Adding to the bullish outlook, a golden cross on the MACD indicator at the start of September sparked projections of a $160,000 target within the next month. It strengthens the perception that momentum around Bitcoin price is still building.
Bitcoin ETF Demand Outpaces Miner Supply
Institutional activity is taking center stage as Bitcoin exchange-traded fund (Bitcoin ETF) records heavy inflows.
U.S. spot Bitcoin ETF alone drew $2.3 billion in net inflows last week, according to data from Farside Investors.
Talking about Bitcoin price prediction, Material Indicators co-founder Keith Alan said that this wave of institutional demand would push BTC USD to a new all-time high (ATH). He noted that appetite from large players is not only strong for Bitcoin price, but is still growing.
According to a X post by on-chain analytics firm Glassnode, U.S. Bitcoin ETF recorded inflows of 5,900 BTC on Sept. 10, the largest single-day total since mid-July.
Glassnode added that this boost pushed weekly net flows back into positive territory, reflecting renewed demand as Bitcoin consolidated above the $114,000 level.
A key argument centers on institutional purchases vastly outpacing the number of new coins miners add to Bitcoin’s supply.
Andre Dragosch, head of research in Europe at Bitwise, noted that last week’s inflows were nearly nine times greater than the newly mined supply.
Bitcoin Price Braces for US Fed Rate Cut Today
Today, all eyes are on the Federal Open Market Committee (FOMC), with markets expecting a 0.25% rate cut. CME Group’s FedWatch Tool is showing a slight chance of a deeper 0.5% move.
The backdrop makes this decision stand out. As The Kobeissi Letter pointed out, the Fed has only cut rates three times since 1996 while stocks were near record highs.
Such a move could energize risk assets, including Bitcoin price.
The Kobeissi Letter noted that short-term BTC USD volatility is likely around the major event. However, long-term holders are expected to benefit, the report noted, as rate cuts amid rising inflation and the AI boom may further fuel the BTC price rally.
The firm emphasized that markets are already pricing in several cuts, stressing that there is complete certainty the Fed will lower rates this week, with the only uncertainty being the size of the move.