Bitcoin’s recent pullback has unsettled traders, but Anthony Pompliano and Raoul Pal argue it remains a correction within an ongoing bull market. They expect institutional accumulation, cooling inflation, and potential Federal Reserve rate cuts to support a strong Bitcoin advance into 2025–2026. Pal also points to a prospective global liquidity surge and regulatory clarity as key drivers, with an altcoin rotation potentially emerging in 2026.

Market expectations for a Federal Reserve rate cut in December have surged to 71%, up from 30-40% earlier this week, CME FedWatch Tool data show. New York Fed President John Williams said monetary policy operates at a "modestly restrictive" level with room to move toward neutral, while minimizing concerns about tariff-driven inflation. Fed officials remain divided on the appropriate policy path, with some favoring no change and others open to further reductions.