CandleFocus Which Way Will Bitcoin Move After FED Interest Rate Decision? Analyst Said Situation Is Difficult, Announced Price Prediction!
2024-09-17
Author: Content Editor
The article highlights two upcoming events, the FED interest rate decision and the US presidential election, and their potential impact on the Bitcoin price. Australian cryptocurrency trading firm Zerocap states that predicting the Bitcoin price is difficult due to the uncertainty surrounding these events. Zerocap's chief investment officer suggests that the Bitcoin price could either fall to $53,000 or rise to $65,000 after the FED rate cut. The uncertainty surrounding the US elections has negatively affected the Bitcoin and cryptocurrency markets, with investors concerned about potential impacts on the crypto sector depending on the election outcome. However, Zerocap also mentions that the risks and conditions could lead to positive sentiment in the short term.
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