bullish

Bitcoin

when

Reserve

Rise

Major cryptocurrency Bitcoin (BTC) has surged above $57,000 this week amid bullish signals from order book metrics and expectations that the Federal Reserve will cut interest rates next week.
Despite this recovery, investors and analysts remain concerned that prices will show weakness and fall in the short term.
Speaking to Coindesk, Tony Stewart of Deribit Insight said that weak nonfarm payrolls (NFP) data from the US has revived recession concerns and investors are turning to options trading.
<blockquote>
 “NFP failed to appease the markets. Fast money continued to add to their Put positions by buying 1 week Puts between $49,000 – $53,000 when BTC fell below $55,000.
 This raises concerns that BTC could drop to $50,000 or even $40,000.”
</blockquote>
<h2 id="bitcoin-s-rises-may-be-temporary">Bitcoin's Rises May Be Temporary!</h2>
The Fed will announce its September interest rate decision next week and is expected to cut rates by 25 basis points.
While the recent rise is thought to have been driven by expectations of a FED cut, FxPro senior analyst Alex Kuptsikevich warned that the rises could be temporary until the FED meeting.
“In our view, caution and sell-off growth will prevail in Bitcoin and the crypto market in general, at least until the US inflation data is released on Wednesday. This situation may continue until the Fed's interest rate decision on September 18,” Kuptsikevich said.
<h2 id="solana-sol-draws-attention">Solana (SOL) Draws Attention!</h2>
While investors remain bearish on Bitcoin and Ethereum, they expect Solana to outperform.
Noting that option traders are taking bullish positions, Nexo analyst Kristian Haralampiev said:
<blockquote>
 “Traders are making significant moves to hedge the downside risk in Ethereum while also showing appetite for the upside potential in Solana.
 It is also interesting that Ethereum's volatility index remains significantly higher than Bitcoin.
 This indicates possible turbulence for ETH in the coming period.”
</blockquote>
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/analysts-explained-while-investors-expect-a-fall-in-bitcoin-and-ethereum-they-expect-a-rise-in-this-altcoin/" rel="noopener noreferrer nofollow">Analysts Explained! "While Investors Expect a Fall in Bitcoin and Ethereum, They Expect a Rise in This Altcoin!"</a>

Analysts Explained! "While Investors Expect a Fall in Bitcoin and Ethereum, They Expect a Rise in This Altcoin!"

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