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e577bet : The table below shows key milestones in Bitcoin's price in RMB over the past three months: Date | USD Price | RMB Price Fluctuation Reason 2023/8/15 | 29,400 | 213,000 | Weakening Fed Rate Hike Expectations 2023/9/12 | 25,800 | 187,000 | SEC Delays ETF Approval 2023/10/5 | 32,100 | 232,000 | News of Institutional Buying Revealed Bitcoin Price Prediction: Key Arguments for Bulls and Bears Mainstream Wall Street institutions present polarized price predictions: Bullish Camp (Target $80,000-$120,000) Reasons: Compared to... Bitcoin's halving will reduce daily production to 450 coins. BlackRock and other institutions are pushing for the approval of spot ETFs. Global inflation may force more funds to seek safe-haven assets. Bearish camp (predicting $20,000-$35,000) is based on: tightening regulatory policies in various countries, such as the US's proposed 28% capital gains tax. Ethereum and other competing cryptocurrencies may divert funds. Economic recession has put pressure on risk assets. It is worth noting that Bloomberg Intelligence, through its Stock-to-Flow model, estimates that Bitcoin could reach $115,000, but this model has previously shown a 30% prediction bias.