Bitcoin heads toward $70,000, fueled by global monetary easing.

Boosted by global loose monetary policies,What does foreign exchange flow dealer do? What are the foreign exchange traffic merchants? What is the relationship between foreign exchange traffic merchants and platforms? What is the relationship between foreign exchange traffic merchants and banks? Foreign exchange distributors What is a foreign exchange distributor? Is it true that foreign exchange loopholes can be arbitraged 3 to 5 times? Details of the foreign exchange loophole arbitrage scam Foreign exchange forum Foreign exchange trading Foreign exchange trading income Which platform is used for foreign exchange trading? Foreign exchange trading automatic trading software Free foreign exchange trading platform Foreign exchange simulation app Foreign exchange simulation account Which foreign exchange dealer is good? Which foreign exchange platform is good? Which foreign exchange platform is easy to use? Which foreign exchange platform is the most reliable? Top ten foreign exchange trading platforms Foreign exchange rankings Foreign exchange rates Foreign exchange rates Foreign exchange rates today What are the signs of foreign exchange running away? Foreign exchange training Foreign exchange training scam Foreign exchange scam has been making normal profits for 5 years Foreign exchange scam routine process Why does the foreign exchange scam return money every month? Foreign exchange scam has not collapsed for five years How long does it usually take for a foreign exchange scam to collapse? Foreign exchange bills Foreign exchange platform Foreign exchange platform 5 0 top Bitcoin is experiencing a new wave of growth. A recent report from 10X Research predicts that, influenced by the Federal Reserve's rate cuts and China's large-scale quantitative easing policies, Bitcoin prices are likely to break through $70,000 and set new highs by the end of October.

Over the past month, the price of Bitcoin (BTC) has increased by more than 10% and is now stable above $65,000, up over 30% from the previous local low of $49,000. This strong momentum has significantly boosted market confidence, with analysts optimistic about its long-term development prospects.

Bitcoin's current market price is higher than the average realized value over the past year, indicating growing confidence among long-term investors and suggesting a more permanent uptrend.

The latest report from 10X Research further analyzes Bitcoin's market outlook. The report indicates that Bitcoin has successfully reversed its previous downward trend and is moving towards the $70,000 mark, with expectations to surpass this level within two weeks. As the end of October approaches, the market anticipates Bitcoin will reach new historical highs.

In addition to the Federal Reserve's rate cut cycle, 10X Research also emphasizes that China's loose policies will increase global liquidity, leading to a parabolic price rise in the cryptocurrency market. Previously, Bitcoin had once surged above $73,000 following events like the halving event, Trump's support, and the listing of Bitcoin ETFs. This time, it may be gearing up for another wave of growth.

Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

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