Bitcoin, waiting to see what happens before FOMC's base interest rate decision... ”Expected to hit $200,000 by the end of the year”

Bitcoin (BTC), which has been on the defensive ahead of the announcement of the US base interest rate, is expected to hit $200,000 by the end of this year, boosted by the US's "pro-cryptocurrency policy."
American investment firm Bernstein also raised its target price for cryptocurrency exchange Coinbase by 64% this year.
As of 11:25 a.m. on the 19th, the domestic Bitcoin price based on BitTorrent rose 0.72% from the same time the previous day.
At the same time, the overseas Bitcoin price on CoinMarketCap fell 0.75% from the same time the previous day to $82,715 (approximately $12,500).
Bitcoin, which had fallen to the $81,000 mark the previous day, recovered some of the losses and was trading at $82,000.
The Federal Reserve Board (FOMC) is scheduled to announce its benchmark interest rate, and the market is expecting the US to freeze its benchmark interest rate at the FOMC meeting.
Glassnode, a crypto asset analysis company, analyzed that "the Bitcoin futures market and on-chain liquidity have shrunk, and long-term investor activity has also stagnated."
Bernstein said, "The current market is not the peak of a bull market, but the beginning of a cycle," and that the Trump administration is transforming virtual assets from speculative assets into a capital market.
Bernstein said, "$100,000 is not the peak of Bitcoin's price," and that it will "rise to $200,000 by the end of this year."
Bitcoin spot exchange-traded index funds (ETFs) recorded net inflows for two consecutive trading days.
A total of $274.6 million (approximately 398.444 billion won) flowed into the Bitcoin spot ETF.