Bitcoin has recently rebounded to $64,000, fueled by a significant 7.3% gain in September. This rally marks one of the most robust performances for the cryptocurrency in recent history.
Analysts are optimistic about Bitcoin's future, with some projecting a possible surge to $200,000 within the next 18 months. This bullish sentiment is driven by the post-halving period and potential rate cuts by the Federal Reserve, which are expected to act as significant catalysts for price appreciation.
However, there is an anticipated short-term volatility because of an increase in open interest in derivatives markets. Additionally, the outcome of the upcoming US presidential election could add an element of uncertainty, potentially influencing Bitcoin's price movements.
