Title: Analysts Anticipate Bitcoin Falling to $40K Level as Fed Rate Cuts Loom
Post by: Bitcoin on Sep 04, 2024, 08:29 am
Post by: Bitcoin on Sep 04, 2024, 08:29 am
Analysts Anticipate Bitcoin Falling to $40K Level as Fed Rate Cuts Loom
Bitfinex’s analysts expect bitcoin’s price to potentially drop to the low $50,000s or mid $40,000s if the Federal Reserve cuts interest rates this month. The “historical price action for September also aligns with our view of a projected 20 percent drop in bitcoin prices following a rate cut,” the Bitfinex analysts said. Bitfinex Predicts Bitcoin […]
Source: Analysts Anticipate Bitcoin Falling to $40K Level as Fed Rate Cuts Loom (https://news.bitcoin.com/analysts-anticipate-bitcoin-falling-to-40k-level-as-fed-rate-cuts-loom/)
Bitfinex’s analysts expect bitcoin’s price to potentially drop to the low $50,000s or mid $40,000s if the Federal Reserve cuts interest rates this month. The “historical price action for September also aligns with our view of a projected 20 percent drop in bitcoin prices following a rate cut,” the Bitfinex analysts said. Bitfinex Predicts Bitcoin […]Source: Analysts Anticipate Bitcoin Falling to $40K Level as Fed Rate Cuts Loom (https://news.bitcoin.com/analysts-anticipate-bitcoin-falling-to-40k-level-as-fed-rate-cuts-loom/)