bullish

Bitcoin ETF

Bitcoin

While the Fed's interest rate decision is awaited, the price of Bitcoin remains below the critical level of $60,000. 
While the downside risk in the BTC price continues, analysts warn that volatility may increase ahead of the interest rate decision. 
Bitfinex analysts, who warned of volatility, stated that investors will act according to whether the FED makes a 25 basis point or 50 basis point cut. 
<blockquote> 
 “We see that the potential for market volatility ahead of the Fed decision is quite high. 
 A rate cut of 25 or 50 basis points could shift market sentiment between bullish optimism and cautious risk aversion. 
 Meanwhile, Bitcoin's correlation with stocks is intensifying, suggesting that movements in traditional financial markets could increasingly impact Bitcoin's price. 
 Bitcoin has also diverged from gold, which reached a record high last week, suggesting that investors are turning to traditional safe-haven assets in a risk-averse environment.” 
</blockquote> 
<h2 id="we-expect-a-25-basis-point-discount">We Expect a 25 Basis Point Discount!</h2> 
Despite rising expectations for a larger rate cut, analysts said they think a 25 basis point rate cut is more likely, saying: 
<blockquote> 
 “We think a little bit of stronger core inflation would cause the Fed to be more cautious about rate cuts. So we expect a smaller 25 basis point cut rather than a more aggressive 50 basis point cut.” 
</blockquote> 
<h2 id="bitcoin-may-have-bottomed-at-52-000">Bitcoin May Have Bottomed at $52,000!</h2> 
Analysts also evaluated the Bitcoin price and said that the latest data showed that BTC bottomed around $52,000. 
“Our previous view that Bitcoin’s drop to $52,000 levels on September 6 was confirmed as a potential local bottom. Prices have since risen by over 15%, supported by a significant increase in Bitcoin ETF net inflows of $403.9 million over the past week,” the analysts said. 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/has-a-bottom-been-found-in-bitcoin-bitfinex-analysts-answered-warned-investors-ahead-of-fed-decision/">Has a Bottom Been Found in Bitcoin? Bitfinex Analysts Answered, Warned Investors Ahead of FED Decision!</a>

Has a Bottom Been Found in Bitcoin? Bitfinex Analysts Answered, Warned Investors Ahead of FED Decision!

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