Bitcoin Price Prediction: Uptober Rally May Peak in December
Peterson argued that October’s expected upswing – often dubbed “Uptober” by traders – might arrive later than usual, with momentum building into December. His model points to a potential peak in the first week of December, followed by year-end prices in the $150,000 range, which would represent a new all-time high within the next two months.
Fed Policy Under Fire
Alongside his forecast, Peterson turned his attention to the Federal Reserve. He criticized the central bank’s handling of its “dual mandate,” which requires balancing inflation control with employment stability.
In his view, Fed officials have long treated unemployment as a secondary issue, focusing heavily on inflation while dismissing job losses as temporary. For households, however, Peterson argued the impact is reversed: “Inflation limits your ability to buy what you want, while unemployment means you can’t even buy what you need.”
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Market Implications
The commentary comes as Bitcoin continues to hover well above six figures, with investors weighing the Fed’s cautious stance on rate cuts against the possibility of renewed crypto momentum heading into the final quarter. If Peterson’s scenario plays out, Bitcoin could be on track for one of its strongest year-end finishes in history.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
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