Bitcoin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analysts-predict-bitcoin-price-increase-due-to-interest-rate-cuts/" data-wpel-link="internal">Analysts Predict Bitcoin Price Increase Due to Interest Rate Cuts</a> 
For months, the shallow movements in Bitcoin and altcoins have exhausted investors. This has also led to a decrease in risk appetite. On the other hand, historical <a href="https://newslinker.co/how-does-artificial-intelligence-work/" target="_blank" rel="noopener" data-wpel-link="exclude">data shows</a> that such long, boring periods eventually end. A strong signal for a new upward movement in cryptocurrencies may have arrived. But why is an increase expected? 
<h2 style="text-align: justify" id="interest-rate-cuts-and-bitcoin">Interest Rate Cuts and Bitcoin</h2> 
According to Kobeissi Letter’s assessment on August 25, US money market funds surpassed $6.2 trillion, reaching an all-time high. What does this mean? It signifies a strengthening expectation of <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">interest rate</a> cuts. Statements from Powell and Fed members indicate that the cuts, which will be a lifeline for cryptocurrencies, will begin in September. 
In its latest assessment, Kobeissi Letter clearly stated that the high-interest rate period has ended; 
<blockquote> 
 “Most of the inflows are driven by institutional investors positioning their portfolios in anticipation of Fed rate cuts… The high-interest rate period is ending.” 
</blockquote> 
According to the FedWatch tool, there is a 100% expectation of a cut at the meeting on September 18. The expectation of a 25bp cut is 65.5%, while the 50bp cut prediction is 34.5%. Popular <a href="https://en.coin-turk.com/analysis-of-cryptocurrency-market-trends-btc-strengthens-as-altcoins-weaken/" data-wpel-link="internal">crypto analyst</a> Titan of Crypto also expects a new move to $68,000 for this reason. 
<blockquote> 
 “Bitcoin is progressing towards the $68,000 target. BTC’s 18% rise continues.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-383266 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/titan-btc-hedefi.png" alt="" width="1398" height="901"> 
<h2 style="text-align: justify" id="bitcoin-september-forecast">Bitcoin September Forecast</h2> 
August had gained a reputation as a bearish period in previous years, but after a long period of weakness, investors did not expect such a scenario this time. However, September presents a much more optimistic picture. According to analyst Mikybull, the weekly chart setup targeting $95,000 can keep investors hopeful. 
<blockquote> 
 “Bitcoin seems ready for its final rise (5th wave). There are price targets of $95,000 and then $143,000.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-383267 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/miky-hedef-btc.png" alt="" width="1593" height="892"> 
On Friday, BTC ETFs saw a net inflow of over $250 million, and the appetite among investors familiar with traditional markets supports the September motivation. However, despite attempts in the last 24 hours, the $65,000 threshold has not been surpassed. This indicates that profit-taking continues at higher levels, meaning most investors are still not fully convinced of the rise. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/analysts-predict-bitcoin-price-increase-due-to-interest-rate-cuts/" data-wpel-link="internal">Analysts Predict Bitcoin Price Increase Due to Interest Rate Cuts</a></h5>
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Analysts Predict Bitcoin Price Increase Due to Interest Rate Cuts

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