Summary of Bitcoin Could Drop 20% After Fed Rate Cuts in Bearish Case, but Weak September Presents Buying Opportunity: Analysts
Summary of Bitcoin Could Drop 20% After Fed Rate Cuts in Bearish Case, but Weak September Presents Buying Opportunity: Analysts
A 25 basis point Federal Reserve rate cut could be positive for markets, but a 50 point move could signal recession fears and a deeper correction for risk assets. A September rate cut could lead to a buying opportunity, but a recession could bring a 15-20% drop in Bitcoin price, potentially reaching $40,000-$50,000.
quoting nevent1q…vfm3Bitcoin Could Drop 20% After Fed Rate Cuts in Bearish Case, but Weak September Presents Buying Opportunity: Analysts
Bitcoin could fall to as low as somewhere in the $40,000-$50,000 range following a September Fed rate cut in a bearish scenario, Bitfinex said in a report.
https://www.coindesk.com/markets/2024/09/03/bitcoin-could-drop-20-after-fed-rate-cuts-in-bearish-case-but-weak-september-presents-buying-opportunity-analysts/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
A 25 basis point Federal Reserve rate cut could be positive for markets, but a 50 point move could signal recession fears and a deeper correction for risk assets. A September rate cut could lead to a buying opportunity, but a recession could bring a 15-20% drop in Bitcoin price, potentially reaching $40,000-$50,000.