Bitcoin forecast: Fed decision – price driver or brake?
In this article you will learn:
- Why the development of the BTC price could depend on the key interest rate decision
- Why a key interest rate cut could also mean short-term headwinds for Bitcoin
- Which chart marks on the top and bottom will be relevant in the coming weeks
Just hours before the key interest rate decision in the US, the price of the leading cryptocurrency Bitcoin (BTC) has climbed to the level around its last interim high of $117,400 on August 22nd. Starting from the monthly low, the Bitcoin price has thus recovered by almost 10 percent. This price analysis discusses whether further price potential exists and which chart levels are relevant for a sustained uptrend.
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