Monday, October 6

Crypto Writer

Arslan Butt

Crypto Writer

Arslan Butt

About Author

Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis…

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As mentioned in my previous analysis, Bitcoin’s rally continues to mirror the collapse of the U.S. dollar, fueling speculation that a broader monetary reset could be underway. Bitcoin (BTC) surged to $124,871, marking a new all-time high and lifting its market cap to nearly $2.5 trillion, while gold prices climbed toward $3,880 per ounce, their highest level ever recorded.

The Kobeissi Letter reports that the U.S. Dollar Index (DXY) has fallen more than 10% this year, its sharpest annual drop since 1973. This decline has coincided with soaring asset prices across multiple classes — from equities to commodities to crypto — as investors abandon cash in favor of scarce and inflation-resistant stores of value.

“The S&P 500 is up 40% in six months, gold has quadrupled the index’s returns, and Bitcoin is leading the charge,” Kobeissi analysts wrote, noting that the correlation between gold and equities reached an unprecedented 0.91 in 2024, suggesting a shift toward what they call a “new monetary regime.”

The weakness of the dollar is being compounded by a convergence of macroeconomic pressures: a slowing labor market, rate cuts from the Federal Reserve, and growing fiscal deficits. These conditions have historically benefited assets like gold and Bitcoin.

“The USD has lost 40% of its purchasing power since 2000,” Kobeissi added. “Investors are responding by rushing into real assets — everything from gold to Bitcoin to equities.”

Amid this capital rotation, institutional demand for Bitcoin has intensified. ETF inflows remain strong, while on-chain data indicates that wallets holding over 1,000 BTC are at their highest level since 2022. Together, these signals point toward structural accumulation — not speculative excess — reinforcing the idea that institutional buyers view Bitcoin as digital gold in an inflationary world.

Bitcoin Price Prediction: Bulls Eye $130K–$160K

Technically, Bitcoin’s uptrend remains intact. The coin is trading near $124,700, supported by its 50-SMA ($118,380) and 100-SMA ($115,541). The chart shows a Bearish Butterfly harmonic pattern, which may cap short-term gains around the $128K–$130K “completion zone.” Still, the higher-lows structure and a bullish engulfing candle indicate momentum remains strong.

Bitcoin Price Chart – Source: Tradingview

The RSI around 69 suggests slightly overbought conditions, but that’s typical in extended rallies. If Bitcoin sustains support above $121,000, it could retest the $128,000–$130,000 region soon. A clean breakout above that level could open a new leg toward $160K, while a failure to hold above $118,500 may prompt a short-term correction.

For traders, dips near $121,000–$122,000 present accumulation zones. With gold outperforming and the dollar weakening, Bitcoin’s rally appears less speculative and more structural — part of a broader revaluation of money itself.

This shift, once theoretical, is now visible on every major chart. The question isn’t whether Bitcoin can sustain this rise — it’s whether the world is ready for what comes next.

Presale Maxi Doge ($MAXI) Blends Meme Power With Gym-Bro Energy

Maxi Doge ($MAXI) is a meme-fueled token designed for degens who thrive on 1000x leverage and relentless hustle. More than just a meme coin, $MAXI represents a community-driven culture that fuses trading intensity with gym-bro energy, caffeine, and competitive camaraderie.

By holding $MAXI, investors unlock staking rewards, trading contests, and access to gamified partner events. The smart contract has been audited by SolidProof and Coinsult, giving added confidence in the project’s foundations.

Momentum is strong. The presale has already raised over $2.7 million, with tokens priced at just $0.0002605. This figure will rise as the presale progresses, making early entry more attractive.

$MAXI holders gain access to:

  • Staking rewards with dynamic APYs
  • Trading contests with leaderboard prizes
  • Community-driven partner events and future integrations

You can buy $MAXI on the official Maxi Doge website using ETH, BNB, USDT, USDC, or a bank card.

Visit the Official Maxi Doge Website Here



https://cryptonews.com/news/bitcoin-price-prediction-btc-hits-record-high-as-dollar-collapses-is-this-the-beginning-of-a-monetary-reset/

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