Bitcoin is currently riding a wave of optimism, with analysts predicting a strong possibility of the cryptocurrency reaching new all-time highs in the next two weeks. This bullish outlook is supported by several factors, including recent actions by the Federal Reserve, increasing institutional investment, and positive technical indicators.
One key factor driving this prediction is the Federal Reserve's recent decision to cut interest rates for the first time in nine months. This move, with further cuts expected by the end of the year, tends to increase demand for non-yielding assets like Bitcoin. The crypto market has reacted positively to this change, with a surge in long positions across major exchanges, signaling a shift towards risk-taking.
Adding to the positive sentiment, Bitcoin futures are currently trading at a premium to spot prices, and the 7-day basis is exceeding the 30-day basis, creating a bullish market atmosphere. Analyst Axel Adler Jr. believes that if this trend continues and open interest volume increases, the probability of Bitcoin reaching a new all-time high will be high. He estimates a 70% chance that Bitcoin's price will see a gradual upward trend or consolidation over the next two weeks, provided the price doesn't fall and futures prices remain above spot prices.
Moreover, strong institutional adoption and record inflows into U.S. spot Bitcoin exchange-traded funds (ETFs) are playing a significant role. As of mid-September 2025, Bitcoin is trading near $115,000, demonstrating resilience in a market known for its volatility. These ETFs have accumulated over 1.296 million BTC as of August 2025, with BlackRock's iShares Bitcoin Trust (IBIT) holding $87.7 billion in assets under management. The consistent buying pressure from these ETFs acts as a stabilizing force, buffering Bitcoin's price from sharp declines.
Technical analysis also suggests a positive outlook. Bitcoin has climbed back above its key daily averages and is currently facing resistance in the $116,000-$117,000 range. A decisive breakout above $120,000-$123,200 could signal a true breakout. The relative strength index (RSI) indicates that momentum is improving without being overheated, leaving room for further gains if buyers maintain control.
However, it's important to note that cryptocurrency markets are inherently volatile, and predictions are not guaranteed. While the overall sentiment is bullish, failure to hold support at $115,850 could lead to a pullback towards the $115,400-$115,200 zone.
Overall, the confluence of factors such as the Federal Reserve's rate cut, positive futures market trends, increasing institutional investment, and favorable technical indicators paints a promising picture for Bitcoin's potential to reach new all-time highs in the coming weeks. Market participants are closely monitoring these developments, with cautious optimism surrounding Bitcoin's near-term price action.
