Already the CME FedWatch Tool shows that the portion of investors who expect the FOMC to keep interest rates the same in December has ticked up to 41.3%.

But even with the pullback of institutional funds from Bitcoin ETFs and so-so news from U.S. agencies about inflation, BRN remains confident that BTC could reach $100,000 in the coming months.

"Although a short-term dip is possible, we expect investors to view this as an attractive entry opportunity, injecting new liquidity," Fournier wrote. "The strong catalyst of Trump's election will keep having a very positive impact, especially during Q1 2025, when his first moves as president could generate a very strong momentum for a lasting bull market."