**Bitcoin's Future Hinges on Fed's Rate Decision**

Bitcoin's price could swing between $53,000 and $65,000 following the Federal Reserve's rate decision on September 18, says Australian crypto trading firm Zerocap. Jonathan de Wet, Zerocap's Chief Investment Officer, notes a 62% chance the Fed will cut rates by 50 basis points, fueling Bitcoin's recent rally to $60,000.

However, de Wet warns that the market's direction remains uncertain due to the upcoming US election. Bitcoin is currently trading at $58,000, and while rate cuts typically boost risk assets, historical precedents suggest caution. The Fed's decision and election outcomes will be pivotal for Bitcoin's trajectory.