The pivot of #FED gives perspective to the bull run of #Bitcoin and the #alcoins

The United States Federal Reserve (FED) has therefore pivoted and put an end to its monetary tightening cycle initiated in January 2022 in order to counter #inflation . The FED has updated its macroeconomic projections, let's examine the consequences for the bitcoin price.

It's done! The FED therefore pivoted during its monetary policy decision on Wednesday, September 18 by lowering its key interest rate by 50 basis points (50 bps, or 0.50%) and giving the starting point to a downward cycle of its interest rates for the coming months (easing cycle).

This reversal of monetary policy by the world's leading central bank sanctions a victory in the fight against inflation, as well as the desire to protect the US economy from economic recession.

This macroeconomic framework is theoretically favorable to the upward trend of risky assets on the stock market (stocks and cryptos), we have seen an increase in the price of Bitcoin of a few percent since yesterday's announcement. It is now necessary for the update of the next major economic data (growth, household consumption, employment and inflation) to confirm that the FED's prospective scenario is the right one.

Anglo-Saxon high finance is very attached to the concept of "reality check", that is to say that the trend of cryptos in the next few weeks will be very "data dependent" on the macroeconomic data of the United States.

The next major update will take place on Friday, September 27 with the publication of the inflation index and measurement of household consumption expenditure most closely followed by the FED.

Keep in mind that to get the starting point of a healthy bull run, the following combination is needed: Stabilization of inflation around 2% on an annual basis and preservation of a solid labor market.

The bull run will start in the months of October / November