Analysis: Bitcoin (BTC) Could Hit a New Record High Within 42 Days!

Jakarta, Pintu News – Bitcoin is now only 4% away from its previous record high, driven by US housing policy and significant ETF inflows. Analysts predict that the cryptocurrency will reach a new peak in less than two months.

Check out the full analysis in this article!

US Housing Policy Drives Crypto Adoption

The Federal Housing Finance Agency (FHFA) recently instructed Fannie Mae and Freddie Mac to recognize crypto assets in mortgage eligibility assessments. This move is considered a major boost to the mainstream adoption of crypto and is seen as a long-term bullish catalyst for the industry.

This policy not only opens the door for more investors to get involved in the crypto market, but also signals a wider recognition of the value of crypto assets as a legitimate form of asset. This will hopefully bring a new wave of investors into the Bitcoin (BTC) and other crypto markets.

Also read: Real Demand Drives Pi Network Price Up, Here’s What Crypto Analysts Say!

Prospects of Rate Cuts and Dollar Weakness

Federal Reserve Chairman, Jerome Powell, recently gave testimony suggesting that interest rate cuts may have already begun if not for the inflationary risks of the tariffs proposed by Trump.

Nonetheless, Powell confirmed that there are plans for three rate cuts this year in July, September, and December. The weakness in the US dollar that followed Powell’s testimony provided another bullish signal for Bitcoin (BTC).

Wall Street responded positively: The NASDAQ hit a new record high, and the S&P 500 almost confirmed a golden cross, a technical pattern that is highly regarded as a bullish indicator.

Also read: 3 Crypto to Hunt for July 2025

Bitcoin (BTC) Technical Analysis and Price Prediction

Bitcoin (BTC) is showing a strong V-shaped recovery, with the current price approaching $107,383, a key resistance level. If it manages to cross this zone, the market structure could change and pave the way to new record highs.

According to crypto analyst Ran Neuner, a new record high for Bitcoin (BTC) may be reached in the next 42 days, driven by a gradual rise rather than a sudden surge.

Neuner emphasized that the recent global ceasefire has given financial markets the breathing space they needed, with Bitcoin (BTC) leading the way.

Conclusion

With a variety of supporting factors, ranging from the US housing policy to the prospect of interest rate cuts by the Fed, as well as favorable technical analysis, Bitcoin (BTC) seems poised to reach new heights. Investors and crypto market watchers should pay attention to this dynamic as it could bring significant changes in the near future.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coinpedia. Bitcoin Price Set for New All-Time High in Just 42 Days. Accessed on June 30, 2025
• Featured Image: Generated by AI