Bitcoin Price Forecast: Expert Predicts 70% Chance Of New Highs Within Two Weeks

Following the recent decision by the US Federal Reserve (Fed) to cut interest rates, the Bitcoin price has resumed its upward trajectory after a brief period of consolidation below $115,000. This shift aligns with forecasts from leading analysts, who suggest that the market’s top cryptocurrency may reach a new all-time high (ATH) in the coming ￰0￱ experts even believe that this milestone could be achieved as soon as two weeks from ￰1￱ Indicators Emerge Market expert Axel Adler has highlighted key indicators supporting this ￰2￱ noted on social media platform X that BTC futures are trading at a premium compared to spot prices, with a consistently positive basis.

Additionally, the seven-day basis is above the thirty-day average, suggesting a bullish market ￰3￱ Reading: Coinbase ￰4￱ Regulators: Crypto Exchange Fights Legal Fragmentation Adler’s analysis suggests a base case probability of around 70% for a continued stepwise uptrend or sideways movement over the next two weeks for the Bitcoin ￰5￱ emphasized that if a cluster of bullish signals emerges—such as rising prices, an increasing basis, and growing open interest—this would likely attract fresh long positions and enhance the likelihood of the Bitcoin price achieving a new ATH. Importantly, the Short-Term Holder (STH) Market Value to Realized Value (MVRV) Z-scores for both the 155-day and 365-day periods are hovering near zero, indicating that the market is balanced and not in an overheated or oversold ￰6￱ the Bitcoin price positioned just above its Short-Term Realized Price, Adler stresses that the stage is set for potential consolidation over the next week or two, followed by a possible surge toward new ￰7￱ referred to this anticipated movement as a new “uptober” for Bitcoin and the broader digital asset ￰8￱ Price Boost Predicted Amidst Strong US Stock Market Performance Adding to the bullish sentiment surrounding the Bitcoin price is the recent performance of US stocks, which have been on a significant uptrend for the past two ￰9￱ at The Bull Theory have noted a correlation between stock market rallies and the Bitcoin price action, with the analysts suggesting that Bitcoin tends to rise when US equities hit new ￰10￱ Reading: Next XRP ‘Monster Leg’ Will Start No Earlier Than 2026: Analyst Historical data supports this notion: as seen in the chart below, after an all-time high in the S&P 500, the Bitcoin price has averaged an increase of 12% over 30 days and an impressive 36% over 90 ￰11￱ this were to occur again, the Bitcoin price would reach $131,000 and even $178,000 respectively.

Similarly, following a Nasdaq all-time high, Bitcoin’s average gains are 16% in 30 days and 46% in 90 ￰12￱ scenario would position the market’s leading cryptocurrency at $136,000 and $199,000 if similar price action unfolds from current trading levels of $117,770. Featured image from DALL-E, chart from ￰13￱