Bitcoin Could Reach $200,000 in a Few Months: Here's the Mega Bullish Factor! - Coin Bulletin

According to **21Shares Crypto Research Strategist Matt Men, if the Fed makes two or more interest rate cuts within this year, Bitcoin could exceed 110,000 dollars and rise to 150,000 or even 200,000 dollars.

Bitcoin price gained momentum after the (Fed) interest rate decision by the Federal Reserve and surpassed $105,000, recording a 2.3% increase in the last 24 hours. As the crypto market becomes more active, 21Shares Crypto Research Strategist Matt Mena emphasized that interest rate cuts would be a strong catalyst for Bitcoin.

According to Mena, the market is currently pricing in two to three interest rate cuts throughout the year. If the Fed takes this step, it is expected that Bitcoin will first surpass $110,000, then test levels of $125,000 and $150,000.

An analyst noted that the market is generally sluggish in the summer months, but if Bitcoin makes a sustainable breakthrough above $150,000, the $200,000 target could be achievable by the end of the year.

Two or more interest rate cuts could push Bitcoin above $110,000 and then test significant psychological levels like $125,000 to $150,000. Historically, the summer months pass with weaker price movements in both traditional and crypto markets. However, a clear break above $150,000 before the summer months could signal that Bitcoin may reach $200,000 by the end of the year.

The Federal Reserve(, at its latest meeting, decided to keep interest rates steady in the range of 4.25-4.50 percent. The statement emphasized that economic growth is strong and inflation remains high, while the possibility of a rate cut continues to be evaluated.