CandleFocus

Analysts remain divided on Q4 outlook despite Bitcoin rally following rate cuts

Bitcoin has seen a 5.4% increase over the past week, driven by the US Federal Reserve's interest rate cut. Analysts are split on the future direction of Bitcoin, with some seeing positive signs from the macroeconomic landscape and market conditions, while others believe it will remain subdued. The US Congress' spending bill is seen as bullish for Bitcoin, as it suggests a lack of meaningful fiscal reform. However, there are concerns about potential downside volatility and the expensive cost of US equities.

Related News