Bitcoin Price Prediction: Crypto Billionaire Says BTC Could Hit Record Highs Soon – Thanks to a Major Shift in U.S. Policy

Bitcoin’s worth stands at $112,114, up 2.55% in the final 24 hours, with buying and selling quantity topping $46 billion. The newest rally has sparked debate on whether or not the cryptocurrency may very well be on the cusp of a extra dramatic breakout, with macro coverage shifts offering contemporary momentum.

Fed Policy Shift Could Fuel a Rally

Galaxy Digital CEO Mike Novogratz believes the subsequent leg larger for Bitcoin might hinge on U.S. financial coverage. In a latest interview with Kyle Chasse, the billionaire investor argued that Bitcoin may climb towards $200,000 if the Federal Reserve undergoes a management change.

Specifically, he pointed to the potential substitute of Chair Jerome Powell with a extra “dovish” determine—an official inclined towards looser financial coverage and decrease rates of interest.

Historically, rate of interest reductions have a tendency to weaken conventional protected havens, equivalent to bonds, whereas boosting demand for riskier property, together with Bitcoin and equities. Lower yields on fixed-income devices typically drive capital into higher-yielding alternate options, creating the liquidity situations that gasoline crypto rallies.

• A dovish Fed chair may function a vital catalyst for bulls.
• Bitcoin might attain $200,000 if aggressive easing takes maintain.
• Recent fee cuts already sign shifting situations.

In September, the Federal Open Market Committee reduce charges by 25 foundation factors, the primary adjustment of 2025. Analysts count on further cuts by year-end, a coverage trajectory that would reshape market flows.

Bitcoin (BTC/USD) Technical Landscape

The Bitcoin price prediction seems bullish, as BTC has bounced again after reaching a new high of $110,350. A bullish engulfing candle has damaged via the short-term transferring averages, and the two-hour chart is indicating a potential breakout.

The first take a look at is on the 100 SMA, which is at present at $112,563, and likewise marks the higher boundary of the descending channel that capped the earlier rally.

The RSI is at 72, indicating an overbought situation but in addition exhibiting sturdy shopping for momentum. An in depth above $114,000 could be bullish, opening up $116,150 after which $117,850. Below that, and we may see a pullback to $111,000 or $110,350. Deeper ranges are $108,700 and $107,300.

Bitcoin (BTC/USD) Trade Setup and Outlook

The wedge is forming larger lows, so if resistance offers method, we’re bullish. Traders can look to go lengthy on a confirmed break above $114,000 with targets at $116,150 and $117,850. Stops under $110,350.

With dovish coverage and enhancing technicals, Bitcoin is trying up. If Novogratz is correct, the macro narrative means that BTC is establishing not just for new cycle highs but in addition for a broader market rally that can take Ethereum, XRP, and Solana with it.

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