Fed Policy and US Economic Growth:

1. Fed Interest Rate Cut: The Fed cut interest rates by 50 basis points, signaling the start of a monetary easing cycle. This move is aimed at supporting economic growth and the labor market, but it raises concerns about potential inflation resurgence in the bond market.

2. US GDP Growth: The US economy grew by 3% annually in the second quarter of 2024, driven by strong consumer spending and private investment. However, inflationary challenges remain, and the Fed must balance between supporting growth and controlling inflationary pressures.

Impact on Bitcoin Price Predictions:

With Bitcoin’s breakout at the $65,000 level, the Fed’s monetary easing policies could push risky assets like Bitcoin higher.

Several factors support the potential rise in Bitcoin prices going forward:

1. Monetary Easing: The Fed’s looser monetary policy creates additional liquidity in the market, which often leads to higher prices for risky assets, including cryptocurrencies like Bitcoin. Investors might turn to Bitcoin as a hedge against potential inflation from such easing.

2. Inflation and Digital Gold: With ongoing inflation concerns, Bitcoin may increasingly be seen as “digital gold” by investors seeking to preserve the value of their assets. If inflation continues to rise, demand for Bitcoin as an alternative asset could grow, pushing prices higher.

3. Market Trends: If market sentiment remains positive, Bitcoin could continue to break through the next resistance levels. With the stock market showing strong performance and ample liquidity due to the Fed's easing policies, Bitcoin has the potential to reach even higher price levels.

Overall, the breakout at $65,000 paves the way for further potential increases, especially if the Fed’s easing policies continue and investors view Bitcoin as a hedge against inflation and economic uncertainty.

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