Is Bitcoin expected to hit a new high? The outlook for January depends on these two key factors

【Crypto World】Since the approval of the spot Bitcoin ETF, the market has not stopped discussing the subsequent trend. Recently, an analyst has provided an attractive prediction — Bitcoin is very likely to break its all-time high before the end of January.

The logic behind this judgment is actually not complicated. On one hand, the approval of the spot ETF itself is a major event, opening the door for traditional investors to enter the Bitcoin market, with incremental funds continuously flowing in. On the other hand, the Federal Reserve’s policy movements are also playing a role. The market generally expects the Federal Reserve to cut interest rates, and this easing expectation usually pushes up the prices of risk assets.

The combination of these two factors has given Bitcoin a lot of upward momentum. Of course, whether it can actually break the all-time high depends on the market’s actual performance and risk factors. But from a fundamental perspective, the conditions are indeed accumulating.