🧵 1/ 🚨 Big week ahead! The Fed’s Sept. 18 interest rate decision is expected to introduce significant volatility for Bitcoin. After losing the key $60K support, BTC may face more downside pressure depending on how the rate cut unfolds.

2/ 📉 According to Bitfinex analysts, BTC could swing between bullish optimism and cautious de-risking based on the size of the rate cut. A 25bps cut might bring modest gains but with uncertainty, while a 50bps cut could trigger more aggressive buying or even market turbulence.

3/ 💥 This decision marks the first interest rate cut since the pandemic, heightening its impact on cryptocurrency markets. The expected volatility may be reflected in ETFs and perpetual futures, with both likely seeing increased fluctuations post-announcement.

4/ 📈 More analysts are predicting a Bitcoin breakout in October, with the rate cut acting as a potential catalyst. With the right conditions, this could be the beginning of the next big leg up for BTC, adding to the market’s excitement.

5/ 💡 What’s next for BTC? Bitfinex analysts believe Bitcoin’s recent dip to $52K marked a local bottom. Since that low, BTC has recovered over 15%, helped by an impressive $403.9M in ETF net inflows over the past week. This buying support might signal a new wave of accumulation.

6/ 🛑 However, there’s caution. Although some market participants are betting on a 50bps cut, Bitfinex analysts believe the Fed will choose a smaller 25bps cut due to strong core inflation concerns. This could make the market more cautious and hesitant in the short term.

7/ 🔮 Looking ahead, historical patterns suggest Bitcoin could be set for a three-month rally, potentially pushing BTC above $92K. The last quarter of the year, especially October, November, and December, has been historically bullish for Bitcoin.

8/ 📊 According to the CME FedWatch Tool, the odds currently stand at 67% for a 50bps cut, and 33% for a 25bps cut. Regardless of the final decision, expect volatility to shake up the market!

9/ 📆 Keep an eye on Sept. 18. This decision could set the tone for Bitcoin’s performance into the final months of 2024. Whether it’s a small cut or a bigger one, the impact on crypto markets is likely to be felt far and wide.

10/ 🚀 Buckle up, #Bitcoin fans — we could be in for a wild ride!

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