Some industry insiders point out that the Federal Reserve's new Reserve Management Purchase Program (RMP) is essentially a renamed money-printing mechanism. Once investors see through this operation, Bitcoin is expected to rebound quickly to $124,000, or even continue to surge towards $200,000.

Following this logic, March next year is likely to be the peak of market expectations for the RMP policy—everyone is betting that the Federal Reserve will maintain its easing stance. The story afterward becomes more intriguing: Bitcoin may experience a correction, but the bottom will be well above $124,000. In other words, the retracement of this rally will not erase the previous gains.

Market participants are also looking for the next opportunity. In the altcoin space, ENA has recently gained a lot of attention and is considered one of the promising assets to watch.