The Bitcoin Bull is Running! A top crypto trader predicts that BTC will reach $100,000

Over the last three months, the price of Bitcoin has increased, moving between $67k and $53k. Now, seasoned investors think the long-awaited halving could finally push this year's biggest upside. Meanwhile, popular trader Miles has hinted at a rapid rise to $100K—could this be Bitcoin's final climb, or could it continue into 2025?

Bitcoin settles near $62K- Is 100k next?

As we head into the second half of October, Bitcoin is holding firm around $62,000, which has often been a good month for the top cryptocurrency. This unexpected comes after September, where Bitcoin increased by 7%, reaching a two-month high of $66.5K. This positive move is rare for September, marking only the third time since 2013 that bitcoin has seen gains in what is usually a slow month.

Crypto trader Miles recently shared his view on the market, believing that Bitcoin may be reaching the end of this bull run after months of sluggish activity.

According to him, this last phase could be very volatile, which could push the price of Bitcoin to $100,000 by the end of the year. Miles expressed his confidence in factors such as the Federal Reserve's expected interest rate cuts and the performance of traditional assets, including stocks and bonds, which he believes could further fuel Bitcoin's rise.

An Unexpected End of the Bitcoin Rally?

But Miles offers a unique perspective on the timeline. Unlike other traders who believe the bull market could extend into 2025, fueled by new ETF narratives and changes in the US political environment, they see these factors as signs that the rally could end sooner than expected.

According to him, the Fed's rate cut could serve as a warning indicator, suggesting that the Bitcoin bull market may be peaking rather than set for a long-term boom.

Despite his belief in a short rally, Miles remains open to the possibility of Bitcoin continuing until 2025.