Bitcoin could drop to $45,000 after Fed rate cut - Crypto Market Analysis
Bitcoin price may fall to $45,000 after Fed cuts rate
1. According to Bitfinex analysts, if the Fed cuts rates in September, Bitcoin may fall to around $40,000 in the same month. This is based on the following analysis:
- Historical data shows that September has been a month with high volatility for Bitcoin since 2013, with an average return of -4.78%.
- In the last round of rate cuts in 2019, Bitcoin prices fell by 50%. Analysts believe that if similar logic is applied, this rate cut may cause Bitcoin prices to fall by 15-20%.
- Assuming that the price of Bitcoin is $60,000 before the rate cut, its potential bottom will be between $50,000 and $40,000.
2. However, analysts also pointed out that Bitcoin may see a gradual upward trend after a 25 basis point rate cut, as it shows that the Fed is confident in the resilience of the economy.
3. If the Fed further cuts interest rates by 50 basis points, it may trigger an immediate surge of 8% in Bitcoin prices, but this rise may be short-lived and may be followed by adjustments.
Overall, Bitfinex analysts expect that Bitcoin prices may fall to around $45,000 in September against the backdrop of possible interest rate cuts by the Federal Reserve, but the long-term outlook remains optimistic.
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