Bitcoin (BTC) to recover to $100,000?...Altcoin Daily: "Possible in 3-5 weeks"

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A bullish outlook suggests that Bitcoin (BTC) could recover to $100,000 by September.

The cryptocurrency-focused YouTube channel Altcoin Daily predicted in a video uploaded on September 4 (local time) that Bitcoin could reach $100,000 again within 3 to 5 weeks. The host stated, “Most people are overly pessimistic about Bitcoin right now.” He further argued, “Bitcoin could reach $100,000 again by the end of September.” The baseline scenario for the year-end is $100,000, with a bullish scenario suggesting a breakthrough to an all-time high.

The first catalyst cited was the Senate procedure for the U.S. cryptocurrency market structure bill, scheduled for September 15. SEC Commissioner Paul Atkins called it “an important step to bring innovators back to the U.S.” Sixty votes are needed in the Senate to move the bill to the next stage. House Financial Services Committee Chairman French Hill said, “I think the Senate can secure the necessary votes.” The video argued that a large influx of capital could flow into the U.S. cryptocurrency market once the regulatory framework is in place.

The Federal Reserve's (Fed) September interest rate decision was also presented as a key variable. According to the video, the prediction market at the time reflected a 60% chance of an interest rate hike in September. Tom Lee predicted that “the probability of a September interest rate hike could drop to 0%.” He believed that inflation concerns could weaken after the employment report and the August Consumer Price Index (CPI). The host assessed that if an interest rate hike does not materialize, both stock and cryptocurrency markets could gain strong upward momentum.

Conversely, the Iran war and tensions in the Strait of Hormuz were identified as the biggest risk factors. The host warned that if geopolitical conflicts escalate, the market could fluctuate sharply in September. U.S. President Donald Trump said, “We control the Strait of Hormuz and mostly manage it without problems.” The video countered the seasonal weakness of Bitcoin in September by stating that the sample size is insufficient. Historically, there have only been four instances where Bitcoin rose in August and fell in September, followed by a subsequent rise in October.

Altcoin Daily named Ethereum (ETH), Solana (SOL), BNB, Hyperliquid (HYPE), and Zcash (ZEC) as assets to watch when a strong cryptocurrency market continues. The host said, “These five altcoins will definitely show good momentum in this cycle.” Regarding Bitcoin, he predicted that “the year-end baseline scenario is $100,000,” and if the bullish trend continues, it could surpass its all-time high.

[Article Key Summary]

-Altcoin Daily predicted that Bitcoin could recover to $100,000 within 3-5 weeks and challenge its all-time high by year-end.

-The Senate procedure for the U.S. cryptocurrency market structure bill on September 15 and the Fed's interest rate decision were presented as key upward catalysts.

-The Iran war was identified as the biggest downside risk, and Ethereum, Solana, BNB, Hyperliquid, and Zcash were named as the top 5 promising altcoins.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*