Rate Reduction May Negatively Impact Bitcoin, But Recession Concerns Could Prompt a Correction - Analyst

According to analysts, the Federal Reserve's forthcoming interest rate decision could have a substantial effect on Bitcoin's short-term volatility and its long-term trajectory. Following the Fed's decision in mid-September, Bitcoin is anticipated to experience a short-term increase, but recession fears may lead to a subsequent correction.

A 25 basis point reduction in interest rates would likely mark the commencement of an easing cycle, while a more aggressive 50 basis point reduction could cause a transient spike in Bitcoin's price, followed by a correction. In the event of an economic downturn, Bitcoin could decline by 20% from its current level, reaching a value between $ 40,000 and $ 50,000.
Funny cuz same "experts" and analyst shill you 100k ) $BTC