[Bitcoin is about to explode? The Fed's big rate cut + key economic data are about to explode the market! ]

After the interest rate cut cycle begins, the market's capital will gradually loosen. The PCE (personal consumption expenditure) and GDP data to be released by the United States this week. Everyone is asking, can the current profit supply of Bitcoin drive the price up again?

1. The impact of the interest rate cut cycle on Bitcoin

The Fed's interest rate cut means that the cost of funds has become cheaper, and investors tend to look for assets with higher returns for allocation. Historical data shows that whenever the interest rate cut cycle begins, Bitcoin is usually favored by capital inflows.

The interest rate cut will not only allow more institutions and individual investors to invest in the Bitcoin market, but may also stimulate the weakening of the US dollar, thereby further pushing up Bitcoin prices.

2. The criticality of PCE and GDP data

The PCE data to be released is the inflation indicator that the Federal Reserve is most concerned about, reflecting changes in consumer prices in the United States.

The GDP data directly affects investors' expectations of the US economic outlook. If the GDP data performs poorly, it will strengthen the market's expectations for the continuation of interest rate cuts, which is beneficial to the rise in Bitcoin prices.

3. Can profit supply become a driving force for price increases?

Currently, Bitcoin's profitable supply is at a high level, meaning that a considerable portion of Bitcoin holders are in a profitable state. This usually drives some selling pressure in the market, especially during price increases, but it also means that Bitcoin's liquidity will increase, helping to push up prices.

Against the backdrop of the start of the interest rate cut cycle, the increase in profitable supply may provide short-term support for Bitcoin. If the rate of capital inflow exceeds the selling pressure, the price will be expected to break through the existing resistance level and may even hit the target price of $70,000.

The start of the interest rate cut cycle and this week's PCE and GDP data will be important guides for the short-term market direction. If the data is favorable to the expectation of interest rate cuts, the price of Bitcoin is expected to rise again.

Brothers, what do you think? Will this week's data make Bitcoin soar? Tell me your opinion in the comment section!

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