Analyst: Bitcoin Could Surge to $100,000 After Fed Rate Cut

BlockBeats News, November 8th, according to CoinDesk, the Federal Reserve announced a 25 basis point rate cut on Thursday, as expected. The U.S. Bitcoin spot ETF saw a net inflow of over $1.3 billion on Thursday. Against this backdrop, traders are confident about the future of Bitcoin. Min Jung, an investment analyst at Presto Research, stated, "In the short term, $100,000 will be the next major target of interest, as this number is symbolic and represents a change in digit. Looking ahead, we believe the U.S. may eventually incorporate Bitcoin into its balance sheet, perhaps as part of a 'strategic Bitcoin reserve' or something similar, but likely under a more discreet name. Considering this, we think Bitcoin's target is around $110,000."

Alex Kuptsikevich, Senior Market Analyst at FxPro, stated, "Following the announcement of the U.S. election results, Bitcoin surged significantly but is currently holding onto its gains. It may consolidate its strength before the next leg up. Overall, we maintain the view that the new all-time high has triggered a strong growth wave, with the potential to rise to $100,000-$110,000 in 2-3 months without experiencing a significant pullback."

However, some traders warn of a possible short-term pullback, although they remain generally bullish on BTC, citing post-election market adjustments and policy uncertainties that may lead to a short-term correction.