The recent market seems relatively stable, but everyone should be careful, Bitcoin may be on the eve of a huge explosion! With the Fed's interest rate cut, the BTC price is likely to "rapidly" climb to $64,000 and is expected to further hit a higher peak.
Interest rate cuts + macroeconomic shifts = bull market booster?
Bitcoin will benefit from macroeconomic changes in the fourth quarter, which itself is one of Bitcoin's best quarters. As long as the Federal Reserve cuts interest rates at its September 18 meeting, Bitcoin will resume its classic bull market trend.
In layman's terms, the Fed's rate cut is equivalent to injecting more liquidity into the market, more money entering the market, and the demand for Bitcoin increases, so the price naturally rises. The report also pointed out that the Fed's previous hawkish policy lowered the interest rate from 0 to 5.5%, causing Bitcoin to fall from $60,000 to $15,000. Now that the new dovish policy has been launched, everyone naturally expects Bitcoin to rebound.
Breaking through the 64,000 mark, is the bull market really coming?
If Bitcoin can close above $64,000, we may quickly return to $70,000, or even higher! Although Bitcoin is still fluctuating at the weekly support level of $58,000, as long as there is no unexpected negative news from the Federal Reserve, the market is basically expecting a rapid rebound in BTC.
Can on-chain data accurately reflect the market?
Although many people question the on-chain data, the special phenomena in 2024, such as the launch of the Bitcoin spot ETF and the Mt Gox incident, may have caused many on-chain indicators to deviate. Long-term holders did not sell off in large quantities, so the pessimistic expectations of on-chain data are a bit overdone.
Federal Reserve + new highs in gold, is a BTC bull market inevitable?
We are at a turning point for Bitcoin. The fourth quarter has always been Bitcoin’s best performing period, and with the Fed’s dovish policy and gold hitting record highs, the market conditions are simply perfect and a bull run seems to be just around the corner.
Strategic recommendations:
