Bitcoin back above 100,000 euros – here's what's next

Following the US Federal Reserve's decision to cut its key interest rate by 0.25 percentage points, prices in the crypto markets are rising. The leading cryptocurrency, Bitcoin (BTC), is up 1.1 percent on the day.
In addition, the cryptocurrency's value on Coinbase again exceeded the psychologically important €100,000 mark on the afternoon of September 18. The last time one BTC was worth more than €100,000 was on August 22. Over the year, Bitcoin's price has almost doubled, with a performance of 85 percent.
September is generally considered a weak month, with an average return of minus 2.9 percent. However, Bitcoin has performed remarkably strongly this year, rising by 8.1 percent in September. A harbinger of a year-end rally? Fundstrat analyst Tom Lee believes this.
A few days ago, he predicted a “monster move” for Bitcoin and Ethereum due to the monetary policy shift. He suggested that increasing liquidity, combined with seasonal effects, could trigger a price surge.
The asset manager Bitwise is sticking to its price target of $200,000 per Bitcoin this year.
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