First, the absence of Fed meetings and interest rate decisions in October could reduce volatility, allowing the market to stabilize.
Secondly, a 50 bp rate cut is a positive signal that will stimulate demand for risky assets such as cryptocurrencies.
Bitcoin may rise to $72,000, but risks remain: geopolitical tensions and inflation may negatively affect the market. But under favorable conditions, Bitcoin has every chance of growth.
Potential for a bullish move to start in October, given seasonal factors and the recent halving. However, it is worth noting that Bitcoin faces strong resistance in the $65,000-$67,000 range, which could lead to a final correction before a new rally.
Follow me @Sasha why NOT
