Bitcoin in for ‘wild ride’ towards $250,000 as Fed, ETFs and crypto treasuries flash bullish signals, analyst says – DL News
- Bitcoin looks poised for a “wild ride,” analyst says.
- Spot ETFs see biggest single-day inflows since July.
- Fed meeting next week looms as next big catalyst.
Bitcoin is thundering towards $250,000 as investors poured $757 million US spot Bitcoin exchange-traded funds on Wednesday — the largest single-day haul since July.
That’s according to Sean Dawson, head of research at Derive, who said he expects Bitcoin to hit $140,000 by year-end, “with $200,000 as a conservative cycle top and even $250,000 possible if institutional flows persist.”
“The bull-run is well and truly underway,” Dawson said in a note to investors. “Buckle up, because we’re in for a wild ride of violent price action, generational wins and a market set to…
