🚀 BITCOIN BREAKOUT LOOMING AS FED RATE CUT APPROACHES! 🚀
Analysts are getting bullish as Bitcoin's sideways action since March seems to be nearing its end. Historically, Q3 has been a slow period, but with the quarter wrapping up, many predict a major rally is on the horizon.
One expert, RamenPanda, pointed out that despite months of consolidation, Bitcoin is only 18% down from its all-time high. He’s expecting a big upward move, saying that all the sideways trading will pay off soon.
On top of that, the U.S. Federal Reserve is likely to cut interest rates, possibly by 50 basis points. If this happens, it could be a massive boost for Bitcoin and other high-risk assets. The last time the Fed cut rates, Bitcoin went parabolic, and analysts believe the next 6-12 months could be huge for the crypto market.
Get ready—things could get wild soon!