Bitcoin 
$112,712.16 and altcoin investors have their eyes on the Federal Open Market Committee (FOMC) meeting this week. JPMorgan And Goldman Sachs Large banks such as predict that the Fed may end its monetary tightening (QT) program with the interest rate cut. In the cryptocurrency market, analysts argue that the bottoming out of volatility is a harbinger of a major price break.
According to Experts, the Market is the Calm Before the Storm
Inside blockchain analyst maartunnBitcoin has been moving in a narrow price range in recent days determined. According to CryptoQuant data, daily volatility decreased to 2 percent on October 21 and 3 percent on October 22. According to the analyst, this silence is the calm before the storm and indicates that we are on the verge of a typical squeeze and a major price movement.
The market’s inactivity is reflected in investors’ FedMaartunn, who attributed this to his expectation of policy signals from , stated that periods of low volatility usually result in sharp increases. Similarly, market commentator Satoshi Stacker The Fed’s termination of the QT program will increase global liquidity. cryptocurrency marketHe said that it could create a strong momentum in The chart shared by Stacker shows that the price of Bitcoin increased exponentially in the past when QT ended.
Van de Poppe: “A New Peak May Come in November”
While the market is showing signs of recovery, Bitcoin is preparing to close the week above the $ 111,000 threshold. According to CryptoAppsy data, the largest cryptocurrency gained 0.53 percent in the last 24 hours and 4.85 percent in the last seven days. The rate of increase since the beginning of the year has approached 20 percent.
famous analyst Michaël van de PoppeStating that investors have started to price in the possible monetary policy change, he predicts that Bitcoin may reach a new peak in November. found. According to Poppe, the Fed’s official halt of QT will not only affect the largest cryptocurrency, but also Ethereum 
$4,003.69It can also move it to the level of $ 5,000. The analyst also altcoinHe noted that ‘s could double in value over the same period.
